Prepaid Credit Cards

PrepaidCreditCards.org.uk finds, compares & gives you a guide to Prepaid Credit Cards in the Uk. Prepaid Credit Cards

These cards are very popular and offer you loads of advantages, they mean you can keep a hold of your spending and take the cards with you abroad as a safer alternative to foreign currency. Prepaid Credit Cards are available from some of the UK's top companies.

Find the right Prepaid Credit Card for you below!

We Recommend: Kalixa Prepaid Credit Card

Below are the prepaid credit cards. Click the Visit Site button for more info on the sites.

Card Retailer Application Fee Monthly Fee Transaction Fee Top Up Fee Withdrawal Fee Apply
kalixa card
Kalixa PrePaid Credit Card		 £4.95 (deducted from minimum initial payment of £10. e.g load £10 and fee taken so your left with £5.05) £0 Free £0.99 £1.75 apply

CashPlus PrePaid Credit Card		 £4.95 £4.95 Free From Free £0.99 apply

Virgin Money Monthly Prepaid Card		 £9.95 £4.75 Free From Free £1.50 (2.95% overseas) apply

CashPlus PrePaid Credit Card		 £9.95 £4.95 Free Free €3/$4 apply

The Sun Pay Monthly Card		 £6.49 £4.99 Free Various 50p (in UK) apply
The Sun Pay As You Go Card £6.49 n/a 2.95% Various 1.5% (in UK) apply

Splash PrePaid Credit Card		 £5 Free £1.50/2% Various £1.50 (2%>£50) apply

Optimum PrePaid Credit Card		 £9.95 Free 2.95%

(3% Gambling)

 From Free £1.50 (2%>£50) apply

Bread PrePaid Credit Card		 £9.95 Free 2.95% From Free 2.95% apply

Tuxedo Pay Monthly Card		 £9.95 £4.99 Free Various 50p (in UK) apply
Tuxedo Pay As You Go Card £9.95 n/a 2.95% Various 1.5% (in UK) apply

We compare Prepaid Credit Cards which are also known as Prepaid Debit Cards. We let you know which UK companies offer which cards and at what rates. These cards are also known as Travel Cards, Prepaid Credit Card, Prepaid Debit Cards, Free Debit Cards, Free Switch Cards, Prepaid Switch Cards, Prepaid Maestro Cards and Prepaid Visa Cards. Often people use these travel cards on holiday in order to reduce the risk of losing cash or having to use expensive credit cards. The prepaid  credit cards cut this problem out by allowing you to preload cash onto the card and then to use it abroad for a small fee.

With the growing incidence of credit card fraud over the past decade, new and innovative methods of securely carrying a cash type payment method have emerged. Amongst these are prepaid credit cards.

The concept behind a prepaid credit card is that there is no pre-agreed credit limit against which you charge your spending. Instead, you acquire a card and deposit a sum of money onto the card so that it is a fixed, diminishing balance. So, as you spend money on the card, the balance reduces to nothing. If the card is stolen or lost, the maximum amount that is stolen is the unused balance available on the card and no more. Therefore, by charging the card with relatively small amounts, the risk due to fraud or misuse is significantly reduced.

There are now a number of such prepaid cards available in the market place. Most have an application fee of up to £10, but some are free, and there is generally no monthly fee or charge to be paid. Cards can be topped up in any number of ways including a pre-agreed direct debit per month, by visiting the Post Office or other Bank, via an ATM or over the phone or on the internet. It is also possible to have your employer
pay part of your wages directly into your account. Also, like traditional credit cards, it is possible to have more than one account user so the same balance can be accessed via other members of the family or friends. In addition, you get all the purchasing protection from Visa and Mastercard that you would with a traditional credit card. Thus, your purchases are protected in the event of supplier default or liquidation.

There is a charge levied for topping up the card and this ranges from nothing at an ATM to a small transaction fee at a bank counter. The real costs are incurred when spending where a percentage (or fixed amount dependent on the transaction size) is charged per transaction. These vary by issuer and range from £1 fixed to 3% of the actual transaction amount. If you draw cash from an ATM, a different charge is levied ranging from 50 pence to 3%, dependent upon brand.

If you are not looking for an account where spending might get out of control, a prepaid credit card could be a simple, safe and effective solution. Your application is guaranteed to be accepted and you can never
spend more than you can afford to put on it. As such, it is an excellent way of helping to manage your budget and stay in control of your spending.

The number of cards and benefits available varies. One way to compare what is available is to look at a comparison website such as www.prepaidcreditcards.org.uk. Here you will see an easy tabular layout
comparing the main features of each of the most popular cards along with an easy click through to the main carrier's sites for further details and application forms.