Pre Pay Visa Card?

pixie1

Can someone point in the the direction of a company that offers these please?

I need one for work.

Thanks

file_wizzard

pixie1 wrote:

Can someone point in the the direction of a company that offers these please?

I need one for work.

Thanks

https://www.mycashplus.co.uk

headstar

file_wizzard wrote:

https://www.mycashplus.co.uk

does this one report back to your credit file?

pixie1

My sister has this one, you have to pay £9.99 to start with, are there any free ones? I bet not but its worth asking

Thanks

the*dark*one

Someone mentioned a Capital One card that does report back to your file here:

http://forums.moneysavingexpert.com/showthread.html?t=138542

headstar

the*dark*one wrote:

Someone mentioned a Capital One card that does report back to your file here:

http://forums.moneysavingexpert.com/showthread.html?t=138542

I know but I don't know which one it is and there's no mention of it on their website

file_wizzard

headstar wrote:

I know but I don't know which one it is and there's no mention of it on their website

Capital one yes, to Experian, Equifax & Call Credit Now

"Mycashplus" no on all three counts ( no credit is given hence nothing to report ! )

the Capital one product is a "secured" credit card, whilst the "mycashplus" is nothing more than a debit card in disguise

headstar

file_wizzard wrote:

Capital one yes, to Experian, Equifax & Call Credit Now

"Mycashplus" no on all three counts ( no credit is given hence nothing to report ! )

the Capital one product is a "secured" credit card, whilst the "mycashplus" is nothing more than a debit card in disguise

ah I see!

is the Capital One card the basic card, but they require a deposit of £250 say?

file_wizzard

pixie1 wrote:

My sister has this one, you have to pay £9.99 to start with, are there any free ones? I bet not but its worth asking

Thanks

AMEX do a "free" travellers cheque card, no good for car hire / hotel reservations, but they will let you pay with it upon check out.

http://www.americanexpress.com/uk/tcc/index.shtml?uk_nu=subtab

pixie1

mycashplus also has a £5 per month subscription fee This isnt going to help me

file_wizzard

headstar wrote:

ah I see!

is the Capital One card the basic card, but they require a deposit of £250 say?

yes basically they will give you a line of credit of £250 for a £250 deposit, technically they are lending you your own money at 29.9 % APR + earning their own interest on your deposit, so obviously not the most financially astute transaction you will ever make!

However the card if paid off in full each month will serve a purpose and report back to your files and improve your attractiveness to other creditors