Pay as you go credit cards

TenaciousP_3

Does anyone have any good advice or experience about pay as you go credit cards for people who need the convienience of a cc but can't get credit?

I have searched the site but can't find anything, it would be good to see Martin Lewis do an article on them.

King_Of_Fools

My advice is do not use them they ar a rip-off!

Seriously, they give you no benfits over a debit card but cost a lot more to use!

Morglin

I don't know much about them, but here's a link to info about The Daily Mirror's Quidity card.

http://www.mirror.co.uk/mirrormoney/mirrormoney/tm_headline=net-a-great-bonus-with-quidity-card&method=full&objectid=18095497&siteid=94762-name_page.html

Gingertom_2

I use a Pre Paid Card and it great. I download £100 on to it from the PostOffice as needed ...cost only 70p. I use it for all internet purchases (no charge) ie Amazon...EBay...Price Drop TV etc. The most fraud I can ever be taken for is whats left of my £100...I can never knowlinly overspend. If I use my MBNA Credit Card for example and it get "Compromised" in any way I can get "taken" for a lot of money as my limit is £16,000

King_Of_Fools

Gingertom wrote:

I use a Pre Paid Card and it great. I download £100 on to it from the PostOffice as needed ...cost only 70p. I use it for all internet purchases (no charge) ie Amazon...EBay...Price Drop TV etc. The most fraud I can ever be taken for is whats left of my £100...I can never knowlinly overspend. If I use my MBNA Credit Card for example and it get "Compromised" in any way I can get "taken" for a lot of money as my limit is £16,000

Yes, but you would not be liable for any fraud so it would not be your problem!

tazzababe

I personally wouldn't get one. Here is the link that will take you to Working Lunch- a great money programme. It gives an overview of the card and you are able to watch the actual programme clip which may be helpful.

furndire

Personally I would object to being charged for the priviledge of using my money - no matter how small the charge. I don't use ATMs which charge for the same reason.

Zebedee69

Why dont you use a debit card??????

If you have a Visa Electron (Not Accepted Everywhere Online) then ask for a Visa Card Instead. Thats what I did, cant see the point of paying to use your own card...???

TenaciousP_3

Thanks everyone for your feedback.

tom188

Zebedee69 wrote:

Why dont you use a debit card??????

If you have a Visa Electron (Not Accepted Everywhere Online) then ask for a Visa Card Instead. Thats what I did, cant see the point of paying to use your own card...???

Not everyone can get one of these, particularly those with a poor credit history or with basic bank accounts.

gingercordial

Some websites don't accept debit cards.