Cashplus Credit Builder Query

Trapezius

My credit rating is sub-par at the moment.

I'm thinking about dealing with it when I return to Britain in October with a Cashplus Credit Builder prepaid card.

My question is do I have to use it, or can I just put £60 on for the fees and forget about it?

If this isn't how it works, would doing so have an adverse effect on my credit rating?

Cheers.

~T

manami_mnm

Yes, all you have to do is to make sure that there is £4.95 in your account on the day of the month which the account fee is debited. You don't have to spend on anything else.

However, there is a £4.95 maintenance fee when there is no activity for 120 days:

Account maintenance (only applies if Account has no transactions including top-ups for a period of 120 days from date of last transaction and continues until you make a payment or your balance reaches zero): Up to £4.95 per month

So, you can load the card £10 bimonthly to avoid it.