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Pre-paid credit cards?
Xeorix
Posts: 385 Forumite
in Credit cards
Well i've noticed more and more for online transactions im starting to need a credit card. Now im 21 next week but I dont want a regular credit card mainly due to interest, the way they work etc etc.
Im looking for a topup credit card. Where I can top it up when and where I need to use it. ie. I need to buy something worth £20 but only allowed to pay via CC. So i can just topup my PP-CC by £20 from my bank account and buy my item.
I don't understand how CC's work (pre-paid) or not, I've seen various articles that say they involve topup fee's, fee's per month or cost a certain % each transaction
Can anyone shed anymore light on it?
Im looking for a topup credit card. Where I can top it up when and where I need to use it. ie. I need to buy something worth £20 but only allowed to pay via CC. So i can just topup my PP-CC by £20 from my bank account and buy my item.
I don't understand how CC's work (pre-paid) or not, I've seen various articles that say they involve topup fee's, fee's per month or cost a certain % each transaction
Can anyone shed anymore light on it?
Cashback
Total Quidco since 2007: £166.64
Total TCB since 2012: £398
Competition Wins
5* Break in Scotland
Total Quidco since 2007: £166.64
Total TCB since 2012: £398
Competition Wins
5* Break in Scotland
0
Comments
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Martin has an article on the main site which explains these in full.
You pay an initial fee - about £10.00 I think - top ups at the Post Office are free to a certain limit and you can choose to pay a monthly fee of £4.95 for a credit builder facility if you have no credit history or want to repair a damaged credit record.0 -
Remember these are prepaid debit cards, so if you have a debit card already from your bank theres little point, these are expensive as there are fees involved.0
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