Prepaid Travel Cards guide

eDicky

Neil49 wrote: »

The Monzo card doesn't have a name printed on it although it does have a signature strip on the back.

Good point! Although America is one of the few places that sometimes still swipe cards and may look at signature. He could sign it. As it's totally free and best MasterCard rates, you could get one anyway, in addition to Soldo or whatever. Sign up via the MSE article to jump the queue. No card is 100% reliable or loss-proof, so it's wise to have more than one.

Anthorn

overloaded75 wrote: »

There seems to be some unhappiness about Revolut also here: https://goo.gl/8OZmcL - what are their rates really like compared to mid-market WeSwap?
However your accusation of being on commission is rude / uncalled for. I found his post very helpful. Whereas you seem to fail to add any useful details to this statement "frankly Revolut fails in both those departments".

I fail to see how 0% midmarket can be beaten if we are just talking about hard cash, so WeSwap is a very attractive option for that reason (they don't accept 3d secure, require swapping in advance etc., but still okay for me).

I didn't say it wasn't rude/uncalled-for, etc. I said it was reasonable in the light of their posts and I still stand by that. Possibly an official forum representative of Revolut could not do a better job of promoting it!

On fees, for example Revolut allow up to £200 maximum ATM withdrawal per month and after that a 2% fee. There are cheaper alternatives depending on how much in fees one expects to pay: For example the Even card charges nil for everything after the annual £50 subscription.

On exchange, it could be debated that interbank wholesale rates are better than mid-market rates but in practice there is very little difference in relatively small amounts of holiday money.

One cannot say that Revolut or Monzo or indeed Soldo is better without considering individual needs. That to me is quite simply blindly promoting and not an informed personal recommendation!

Stumpyrich

Looking at possibly using a prepaid cash passport from Thomas Cook
Has anyone used one are they ok rather than a credit card

NiftyDigits

Stumpyrich wrote: »

Looking at possibly using a prepaid cash passport from Thomas Cook
Has anyone used one are they ok rather than a credit card

Hahahahahahahahahahahaha........

dickydonkin

NiftyDigits wrote: »

Hahahahahahahahahahahaha........

What a childish response to a first time poster - very helpful!

eDicky

Stumpyrich wrote: »

Looking at possibly using a prepaid cash passport from Thomas Cook

Possibly the worst possible choice, instead see:

http://www.moneysavingexpert.com/credit-cards/prepaid-travel-cards

Anthorn

Stumpyrich wrote: »

Looking at possibly using a prepaid cash passport from Thomas Cook
Has anyone used one are they ok rather than a credit card

Depends on what you use it for but it's comparable to other cards and it's an established brand. For example its €2 fee on €100 ATM withdrawal is exactly the same as Revolut's 2% fee after the first €200. Have a look at the fees and limits table to decide whether or not it's for you personally:
https://thomascook.cashpassport.com/single-currency-cash-passport/#Fees

Anthorn

Neil49 wrote: »

The Monzo card doesn't have a name printed on it although it does have a signature strip on the back. It's a prepaid card loaded up in £ but the rate of exchange is one of the better ones.

There are other discussion threads on this and it is also covered in the prepaid card section of the MSE site.

I distrust Monzo because they say they are a bank but they are obviously a prepaid card. I received yet another email declaring that it's Monzo top-up day to get my Monzo card but I still haven't done it!

There are more honest alternatives to Monzo for young people such as the Soldo Family Card already mentioned or indeed the likes of GoHenry but note in the case of Gohenry 2.25% fee on POS transactions and £2 ATM charge.
https://www.gohenry.co.uk/faqs/abroad/can-you-use-gohenry-abroad/

NiftyDigits

Anthorn wrote: »

Depends on what you use it for but it's comparable to other cards and it's an established brand. For example its €2 fee on €100 ATM withdrawal is exactly the same as Revolut's 2% fee after the first €200. Have a look at the fees and limits table to decide whether or not it's for you personally:
https://thomascook.cashpassport.com/single-currency-cash-passport/#Fees

Why are you posting this nonsense? You should certainly know better. But you seem to get a 'bee in your bonnet' about certain providers and then lose perspective.

First of all, you lose perhaps 2% of your funds on the very first step of loading, as compared to Revolut. 3% if you use their card denominated in Pounds.
So they get you on both purchases and with double charges on ATM withdrawals.
So the cards may be comparable, but once compared, the Cash Passport fares poorly.
Did I mention the £6 cash out fee and if you use the card in any other currency there is a hefty 5.75% charge?
Seriously....

NiftyDigits

Anthorn wrote: »

I distrust Monzo because they say they are a bank but they are obviously a prepaid card. I received yet another email declaring that it's Monzo top-up day to get my Monzo card but I still haven't done it!

There are more honest alternatives to Monzo for young people such as the Soldo Family Card already mentioned or indeed the likes of GoHenry but note in the case of Gohenry 2.25% fee on POS transactions and £2 ATM charge.
https://www.gohenry.co.uk/faqs/abroad/can-you-use-gohenry-abroad/

In August 2016, we were granted a UK banking licence with restrictions by the FCA and PRA and are now working hard to roll out our free current account in 2017.

Another of your ludicrous posts.