Posts Tagged ‘prepaid debit card’

1. Summer holidays and fast cash payday loans

   Posted June 3rd, 2011

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   Going on summer holiday can be an expensive business. Fast cash payday loans may allow you to spread some of the additional costs over onto your next payday.

   Even if your actual holiday is all paid for, there can be a whole host of other holiday related expenses that can add up to quite a sum.

   These may hit your finances in the days leading up to your departure and may include:

   • new clothes and beachwear for the holiday;

   • sun protection creams, sunglasses etc;

   • you may be getting a taxi to the airport or perhaps need to allow for airport parking while you are away;

   • topping up your spending money for the holiday;

   • perhaps you need to upgrade your luggage.

   Fast cash payday loans can provide you with a cash injection to allow you to set out on your holiday fully prepared for every eventuality.

   Payday loans are typically available on the internet:

   • they tend to be for modest amounts of money, perhaps £100-£250 borrowed for relatively short periods of time – a few days or weeks;

   • the application process may be entirely paperless and typically can be completed in a very short time;

   • a fast credit check may be carried out but because of the sums of money involved, these may be less rigorous than for larger loans – so you may find that your application may be accepted even if you have previously had credit problems;

   • they are repaid in one instalment on your chosen payday together with the agreed interest and charges.

   To apply for these payday advances, in addition to being over 18 years old, in employment and resident in the UK, you may typically also need a bank account which has a debit card attached to it.

   This allows the loan to be transferred directly to your bank account (perhaps in as little as a couple of hours) and permits the repayment to be set up as a debit card transaction on your chosen date. If you have an active prepaid speed-e-card, then a payday loan from speed-e-loans can automatically be loaded straight on to the prepaid debit card, giving you almost immediate spending power.

   You may find that, with some fast cash payday loans, there may be an option to select your next or next but one payday for repayment.

   Tags: fast cash payday loans, payday cash loans, payday loans, prepaid card, prepaid debit card
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2. Christmas parties and your prepaid debit card

   Posted November 25th, 2010

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   Christmas can be a time of year when normal concerns about overspending may be put to one side for a while. Shopping and parities may be more on your mind than budgeting but a prepaid debit card may help you stay in budget and still enjoy yourself.

   Prepaid debit cards can also be known as cash cards or prepay credit cards.
   They carry a logo, like MasterCard for example, and can typically be used wherever that logo is displayed such as:

   • to withdraw cash at ATMs;

   • in shops and other outlets;

   • for internet or phone purchases.

   Unlike a traditional credit card though, you cannot use a prepaid card to run up debt. With a prepaid card you can only spend what you have already decided to load on to the card. No credit is available.

   You could see it as a bit like taking cash with you, only it’s probably a whole lot safer especially during the Christmas party season. They are PIN protected so even if you lose them or they are stolen, your funds may be safe in a way that cash is not – and the card can be easily blocked to prevent any further access.

   It’s relatively easy to get a prepaid debit card. They are typically available online and there’s a straightforward application. Since no credit is involved, credit checks are not typically carried out.

   So even if you have some issues on your credit record that may make it difficult for you to get a credit card or a traditional bank debit card, you don’t have to miss out on the convenience of being able to pay by plastic.

   There’s no risk of being tempted to overspend or take on additional debt.

   You can load money onto your card at any PayPoint outlet and there are some cards, which you can credit via a bank transfer (or via a payday loan from speed-e-loans if yours is an active prepaid speed-e-card).

   It’s probably just as well that Christmas only comes once a year. Typically seen as a time to let your hair down and indulge yourself a little, there may be a temptation to spend more than perhaps anticipated.

   A prepaid debit card may be able to provide you with a safer means of taking spending money with you to parties and the like. It may come in handy for the January sales too.

   Tags: payday loans, prepaid debit card
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3. Calling all students – Top 10 tips for the prepaid debit card!

   Posted September 9th, 2010

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   If you’re a student trying to control your spending but at the same time looking for the convenience of plastic, then the prepaid debit card may be for you.

   Here is a top 10 tips list!

   1. Don’t get confused

   You may see these cards called prepaid debit, prepaid credit or even cash cards. Broadly speaking, they’re all the same thing.

   They are, in fact, neither a credit nor debit card – you can only use them once you’ve loaded cash onto them. That’s why they’re great for financial control!

   2. Shop around

   The rates, charges and facilities offered, may vary considerably between providers.

   Looking around for an offering that meets your specific requirements is probably a good idea.

   3. Overseas travel

   It’s usually a smart move to avoid carrying lots of cash around with you when you’re overseas (or in the UK for that matter!)

   A prepaid card loaded with your travel spending money may help.

   4. Reducing debt risks

   Trying to avoid uncontrolled spending is a good idea. A prepaid debit card may help you achieve that by avoiding the risks associated with a credit limit.

   5. Save time

   If you’re going overseas, using a prepaid card may not only be more secure but it may save you time trying to find a bureau de change.

   You can typically use it at any ATM that carries your card’s branding such as MasterCard.

   6. Branding

   Speaking of branding – remember when selecting a card that it may not be of much use to you if it’s not widely accepted. That’s why the branding and a global name like MasterCard may be important.

   7. Credit history

   Don’t worry! As these cards don’t involve any credit, your history typically won’t be relevant to the card provider.

   8. Check internet bargains

   The net is full of bargains but you may need a plastic card to pay for them. A prepaid card will typically work fine.

   9. Discounts

   You can use your card to look for net suppliers that offer preferential prices for card transactions. They may be cheaper for them to handle than cheques and cash.

   10. Out-of-hours

   It’s not unknown for students to be in odd places at odd times. Remember, your prepaid debit card will typically be able to help you use ticket machines and so on, even when the office itself is closed!

   Tags: prepaid debit card
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4. A prepaid debit card may help you to budget

   Posted July 9th, 2010

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   You may be wondering how a prepaid debit card, which is something that helps you spend, may also be able to help you budget.

   The answer is simple enough.

   A prepaid card can be used like most other types of plastic to pay for things – either in traditional outlets, shops, on the phone or the internet.

   However, it only allows you to spend what you have previously decided to load onto the card, so you have already fixed your own budget.

   You can typically use it wherever you see the card brand logo (eg prepaid MasterCard etc) displayed and this type of transaction is typically protected by the use of a PIN.

   With a prepaid card though, you can only spend what is on the card so there is no chance that you can unknowingly run up an overdraft.

   With a traditional debit card on the other hand, in some circumstances your bank may allow your account to go overdrawn. They may also charge you a fee for that privilege.

   No credit check application

   There are a number of prepaid debit card providers on the internet.

   The application process tends to be fairly straightforward and because with one of these cards you can only spend your own money and can’t run up any debt, there’s typically no credit check involved.

   This means that it could be useful for people who have a history of poor credit and who are unable to get a bank account and / or credit card.

   Flexible e-bank

   Some providers of prepaid cards can also arrange for you to have the additional benefit of having an e-bank account.

   This could give you facilities to set up regular standing order payments, for example, or have your salary paid directly in.

   This could be a major step in getting back to normality if you have had credit problems in the past and perhaps finding it difficult to function in today’s modern world without these types of facilities.

   Something worth thinking about!

   Helping hand

   If you feel that you may need a little help in resisting the temptation to spend, then a prepaid debit card may help you better manage your budget while still leaving you with the flexibility of being able to use a card.

   Tags: prepaid debit card
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5. A prepaid debit card – a new way to manage your finances

   Posted April 3rd, 2010

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   A prepaid debit card may be able to make a difference to the way you manage your spending and may help you avoid debt.

   Plastic in your pocket

   We all know the convenience of having plastic in your purse or wallet.

   It’s not only more secure than cash but in some instances it’s absolutely essential for things such as automatic ticket machines or online / telephone purchases etc.

   The trouble is that credit card plastic tends to come with a credit limit that can all too easily encourage us to spend more than is advisable – then subsequently struggle to pay it back.

   Similarly, the bank debit card typically makes all of our money available to us at one time and this again may encourage over-spending. Few of us would, for example, be happy at handing our bank account card to one of our children going out for the day.

   Prepaid debit cards – a different approach

   Prepay cards can be in many respects indistinguishable from any other card and is fully compatible with most card-taking machines. Benefits typically include:

   • it differs to a credit card in that you load money onto it and can then use the card to spend that amount of money – and no more!

   • it’s potentially a way to control your spending;

   • if you have children, it gives them something that’s a bit safer than cash to carry around;

   • if it’s stolen, you can stop its use with a simple phone call. Even if it was used and your money lost, typically you can only lose to the maximum amount you’ve loaded onto it;

   • often available to people who have been rejected for a credit card and / or bank account previously;

   • an associated e-bank account, side stepping the need for a traditional bank account (do note that this may not be available with all prepaid cards);

   • SMS notifications every time your card is used (there may be a small fee for this service and not all prepay cards will offer this feature);

   • prepay cards can be used at selected ATMs in the UK and abroad as well as outlets displaying the brand name acceptance mark (eg prepaid MasterCard), so, if you are travelling, you don’t have to worry about carrying around traveller’s cheques or large amounts of local currency.

   Easy and fast

   As you are not using credit, most prepaid card providers typically don’t make credit checks on your background. And even if you have some credit history problems, you can typically still obtain a prepaid card.

   Cash can be loaded onto it at any PayPoint or you can have your salary (or part of it) credited directly to the card. As mentioned above, some providers may even provide an e-banking account to go with it so you can move money from your account onto the card, as you need it.

   If you have an activated Speed-e-card, this prepaid card is in unique in that you can load a Speed-e-loans payday loan directly on to it.

   In summary, a prepaid debit card typically offers you flexibility and security but above all, it helps you reduce the risks of accidental over-spending, so you can feel in control of your money.

   Tags: prepaid debit card
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