Cashcard.co.uk
Cash cards are becoming very popular as this prepaid credit card system enables you to control your spending within your own chosen limits. These prey pay cards are referred to as cash card and pre paid credit card interchangeably. We will soon be launching a prepaid credit card comparison table to enable you to compare cash cards. When it comes to cash card comparison it is always best to look at the range of cash cards and, the prepaid credit cards available on the market. Don’t forget that some of the prepaid card providers refer to their cards as prepaid debit cards although they are in fact the same type of card. Namely a cash card or pre pay credit card.
These prepaid cards are designed to help you control your spending as to use them you need to charge them up with cash before you can use them. No credit is involved and they differ from a cash credit card where cash rewards are earned based upon the amount spent. There are several benefits of having a prepaid cash card in your pocket. First, you never pay high interest rates on these prepaid cards as you would with traditional credit cards. Second, you have control of your money and can make a deposit from many locations such as your bank or the Post Office or online for maximum flexibility.
Once the credit that you have uploaded to your cash card is used you can reload the card with cash, adding the amount you wish to spend anytime you desire. This flexibility makes them very popular with parents as they are an excellent and flexible way of controlling spending and are particularly useful as a way of providing children with a limited amount of cash credit. You can only spend the amount you deposit onto your prepaid card from your bank account.
If you have a tendency to overspend, then prepaid cash cards are a good choice. There are several card providers that offer various options including tools and features that you may find interesting. We feature the top providers of pre pay cards on our prepaid credit card comparison table.
For example, some of the prepaid Visa cards offer a £25 cash back bonus when you use the direct deposit feature. There are also many prepaid cards powered by Mastercard. The Mastercard prepaid cards are particularly popular as they power many of the top pre paid card providers. You are very unlikely to get turned down when you apply for a cash card as the provider will not be advancing you any credit.
Beware that most card providers do charge nominal management fees that are payable either monthly or annually depending on the card. Some of the prepaid card providers charge around £9.95 per month while others charge less. You can see the charge when you compare the pre pay cards on this site. The companies that charge more do often provide more features, such as cash back bonus based upon the amount of cash credit that is added to the cashcard.
You can get free credit building functionality with some cards while others you cannot. Free bill pay is available as well opn certain of the prepaid cards. This makes the cash card a great means of improving poor credit. The prepaid credit card are very popular in place of a bad credit credit card which will offer you credit but at very high interest rates.
We hope that you will enjoy using our consumer website once it is launched during September 2010. In the meantime if you are looking for a cash card take a look at the prepaid credit card guides at Moneysupermarket.com. For those looking for a broader consumer website then the consumer section of legalcentre.co.uk where you can get legal information and also check out some great credit card deals using their comparison tables.
When you set about choosing your cash card it is best to review the available options and then make a short list of the key benefits that you require. Once you have your short list then you can use a prepaid credit card comparison table to select the best prepaid card for you. The benefits of having prepaid cards are you never have to worry about bank overdrafts.
Once you spend the amount you deposited onto your card you cannot use it again until your next direct deposit. You have total control over your spending with the cash cards.
While there are many things to compare when it comes to considering cash cards, one thing for sure is that these little plastic gadgets won’t get you in trouble like common credit cards. You have complete control of your spending.
When you start to compare pre paid debit cards always consider the monthly fees. For the most part, debit card providers do not charge Annual Percentage Rates (APR). The cards that offer higher monthly fees may offer cash back bonuses, but you must ask is that a onetime deal or do you get cash back every time you make a direct deposit?