asda credit card
BaBeeCard, Virgin Money, Rational FX and Caxton FX – Prepaid Cards that Make Sense
Prepaid cards or prepaid credit cards as they are also known have been creating waves and hype. The financial service equivalent to the mobile phone prepaid card means that you can load money on to the prepaid card and then use that card to spend in-store, in-store and over the phone wherever your card is accepted. To get a card is extremely easy – there are no credit checks, no bank account requirements. Simply produce some valid ID and a valid address and the cards in your back pocket sooner than you know it.
Everyone Loves Prepaid – NOT!
Yes, it’s true. For all the power of the prepaid card and all the wonderful benefits of prepaid cards, prepaid cards attract a lot of criticism as well.
The reason is irritatingly simple, prepaid cards typically have fees attached to them which means that you need to pay a fee to load and top up your card and in some cases, to use your card as well. Strangely enough, this fee is typically very small but not small enough to prevent the media going all gung ho on it and criticising the entire concept of prepaid. We are so used to free banking and freebies that we find the mere idea unacceptable that we have to pay a small fee for added value services.
Prepaid Cards Fighting Back
Well, it seems that Prepaid Card companies are fighting back by providing us with added value propositions so that are protestations melt away. Leading the fight are the BaBeeCard, the Caxton FX Travel Card and the Virgin Money Prepaid Card.
1. BaBeeCard
Top of the hoop would be the BaBeeCard. Should really have been called the “Mummy card” because it is mummies – young, old and expecting – that really stand to benefit from this exceptional value award winning card.
With numerous discounts on shopping like Argos, Boots, Buyagift, Comet, Carphone Warehouse, Debenhams, ASDA, Alton Towers, JJB Sports, Halfords, H.Samuel, Hard Rock Café, Homebase, House of Fraser, HMV, Legoland, Mothercare, Ocado.com, Sainsbury’s, Selfridges, TopShop, Waitrose, WH Smith and many many more, the BaBeeCard can typically deliver a saving of GBP 831.95 across your grocery and petrol shopping alone.
Difficult to criticise that one – eh, Mr. Cynical Media Man!!
2. Rational FX Travel Money Card and Caxton FX Prepaid Card
Travel money from specialised FX providers like Rational FX and Caxton FX means you get a fantastic exchange rate which is way better than the high street exchange rate. Exchange rates at the Airport are plain murder and should be avoided at all costs.
Now take this market leading FX rate and put the currency onto a prepaid card and what do you get?
Well, quite simply, a free card with the best exchange rate in the market delivered on a convenient secure card in multiple currencies ready to deliver savings and security when you use your card at over 28.5 million worldwide locations.
The media does quite like travel cards but not as much as they are loved by consumers and travel cards along with money transfer cards represent the fastest growing segment of the market by far
3. Virgin Money Prepaid Card
Take a market leading brand which every consumer would love to be associated with and carry in their pocket, which has numerous different stores and product offerings across which it offers a 10% discount to its cardholders and add to it, the prestige of having a product that looks and feels exactly like the “best buy” credit card solution provided by the same provider and what do you get?
Well, the totally delicious Virgin Money Prepaid Card, of course.
Three wonderful prepaid card propositions that are changing the context of prepaid.
Read all about these wonderful prepaid card products at Prepaid365 – the prepaid card comparison portal.
Christmas Bonus for Loyal Shoppers (18/11/08)
UK please: is getting a credit card from say Asda or Tesco only ment to be used for food shopping?
you can use it for any purchase. Before you take out any credit card make sure you read all the conditions and rewards if any attached to the card and take a close look at the interest rate. If you need to use a credit card for food shopping you may need some financial advice especially if you cannot pay it off each month. Asda and Tesco are like all credit card companies, out to make money from you. Don’t fall for slick adverts – you still have to pay the credit card bill