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Original poster

Prepaid credit cards

13 replies

Bax · 22/01/2005 17:48

Has anyone got one?

We've havn't got the best of credit rating so wouldn't be able to get a normal one but would like one to shop line.

Any experience / recomendatinos

OP posts:
misdee · 22/01/2005 17:51

never heard of them. can u give an example

misdee · 22/01/2005 17:52

what about a DEBIT CARD? oops caps sorry.

lockets · 22/01/2005 17:52

This reply has been deleted

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Original poster
Bax · 22/01/2005 18:05

here can't have a switch card due to bad creidt rating bank won't give us one after trying several

OP posts:
cloudy · 22/01/2005 18:07

A product whose time has come...
I imagine it's like any other credit card, watch the rate, really try to pay it off in full each month or you'll get stung very badly in interest.

If it were me I'd go with a mainstream provider (like Capital One ), that's all.

misdee · 22/01/2005 18:09

what about electron or solo? many places accept those online these days, and seeing as children around 12 (i belive so anyway) can have a solo card, u may just be able to get one.

my credit rating is p*ss poor, and after 3yrs have just got a debit card back, the bank were saving me from myself.

nutcracker · 22/01/2005 18:10

Capital One do a card where you pay a deposit of between 50 and 200 pounds before you get the card. They have offered me one but the interest rate is 29.9% which is alot insn't it ?

misdee · 22/01/2005 18:13

i weould be wary tbh. and did i just see that the processing fee is £99? think your better off askign to use someone elses card and give them the cash. thats what i did.

nutcracker · 22/01/2005 18:19

Yeah good idea Misdee.

I have chucked my offer in the bin, it's just not worth it.

misdee · 22/01/2005 18:20

and considered your meant to be cutting back nutty, i dont think u should pay ut the processing fee think what £200 could get you!!

Original poster
Bax · 22/01/2005 18:44

have tried getting a sole/electron card and no luck.

We applyed for a capital one card and we're told we had to pay a £200 security fee this was in november when we didn't have the money to go ahead with it. - and have been told we now have to wait till this november to reapply which is along way off - as could do with the card to do my shopping to make life easier

OP posts:
zebra · 22/01/2005 18:51

That's extortionate, Bax. You should email the Moneybox programme on Radio4 to do a feature on what a rip off these cards are (I searched the website, but can't see anything about it).

Original poster
Bax · 22/01/2005 19:38

not bothered about the inital fee if it guarntees we get a card as it would make our lifes so much easier

OP posts:
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