Co-op Cashminder Visa Debit Card

b-man

thanks thats really useful - just one question - can undiscarged BRs use it?

oh and does it work on tescos online (just kidding)

tigerfeet2006

Yes an undischarged BR can have one, after all it is their own money on it

As for Tesco.......weeeeeeeeeeeelllll :rotfl:

auldblerk

Used my new card for the first time today, it's the blue visa debit card, 4508 and no problems to report, salary went in and I hav used the card via hole in the wall with no probs.
RBS will be displeased as I have transferred my salary and DDs to this account prior to goin BR; now it's a case of how long it'll take to 'grow' £350 for BR before RBS take action ?!

tekcom

b-man - I share your frustrations.

With regards to the "pay as you go credit card" these are known as Prepaid Cards.

They can be had in either a Visa, Mastercard or Maestro flavour.

Typically, you can expect to pay an issue fee for them. The amount depends on the issuer, but is usually around £5 - £15.

Some Prepaid Card issuers charge either a fee for using them. This can either be a set monthly amount, or a on a percentage value of each transaction.

Depending on the number and value of the transactions you're planning to use the card for, would pretty much dictate the best option.

That said, there are alot of card issuers which don't charge a monthly fee.

One other option to consider is how you "load" the card with funds.
This tends to be either at a Post Office, PayPoint, Bank, online via debit or credit card, or via BACS transfer. Some issuers may offer a few more options.

Some loading options will be charged for. Again, as a percentage of the amount you want to load; or by a flat-fee.

I'd suggest that you scoot over to somewhere that will compare all of the different cards on the market. Beware, there are lots to choose from !!!!

Hopefully that will help you out.

If anyone else wants to chip in with any information I might have missed, please feel free - it's late and I'm a bit tired !

b-man

thanks tekcom - ill look into that. seems like a good think to have as a backup to my only other card which is the cashminder.

still if this new visa thing is to be believed then maybe I don't need to - anyway always good to have a backup. Especially seeing as you cant go into debt with it.

d123

The_Watchman wrote: »

May I throw a theoretical spanner in the works?

In the old days, when we used to pay for goods with bits of paper and metal bearing the sovereigns likeness, it was an offence to refuse such tender, by that I mean it was a legal requirement that a trader parted with goods when presented with the correct amount of legal tender for said goods that the trader had asked for.

Not quite true, a trader has never had to sell an item to a buyer, no matter what payment method you offer. The process of buying an item from a trader is legally called "an invitation to treat" and is only completed when the buyer offers the payment and the seller accepts. It has never been an offence to refuse to sell goods, for whatever reason before the invitation to treat is accepted.

What you are probably thinking of, is the status in law of legal tender, whereby a creditor cannot refuse to accept it in settlement of a debt.

b-man

theres not enough bartering left in the world i think - we should bring that back

auldblerk

b-man wrote: »

theres not enough bartering left in the world i think - we should bring that back

I have a box of oranges, do you have a roll of barbed wire lol

b-man

its funny you should ask actually!

The_Watchman_2

d123 wrote: »

Not quite true, a trader has never had to sell an item to a buyer, no matter what payment method you offer. The process of buying an item from a trader is legally called "an invitation to treat" and is only completed when the buyer offers the payment and the seller accepts. It has never been an offence to refuse to sell goods, for whatever reason before the invitation to treat is accepted.

What you are probably thinking of, is the status in law of legal tender, whereby a creditor cannot refuse to accept it in settlement of a debt.

I knew someone would contradict me on that statement, I did simplify it somewhat, as for your view, after many years in retail, your version is not quite correct either, it is far more complex, but alas another 'old way' that seems to have fallen by the way side with no legal change to support it, that I can find.
You can, as a retailer, refuse to sell, or provide goods as advertised, if the price was advertised incorrectly for example, but if so you must withdraw the product from sale far a period of 30 days, or risk legal repercussions, that was the old way.

Not that many retailers abided by that rule, so that is probably why you state what you do, as you probably do not know.

However there was some new legislation brought in 2008, which now makes what you suggest unlawful in this new age, dependent on the situation, as the refusal to sell may be deemed as misleading for example, but I am still working through that one myself, looking for the 'get out' clause, so will not state it as a fact, yet.