Credit cards for everyone

[Gobbledegeek]

I don't know if this is of interest to anyone but for those who need/want a credit card but can't get one, it might be worth considering.

www.mycashplus.co.uk

I always find it difficult to get credit and/or cards due to frequent relocation but this prepaid Mastercard suits me just fine.

 

[Gobbledegeek]

so why not just use a debit card seems like the same thing to me

I don't like debit cards because you can go overdrawn. With this you can only spend what you have loaded on.

£9.95 issue fee, £4.95 monthly fee or £1 per transaction, 50p per minute phone call to check your balance and a £4.95 "Account Maintenance Fee" if you don't use it within a 120 day period, seems like a lesson in how to rip people off who are possibly already in debt.

There's no transaction fee on a standard account. Provided you can afford £4.95 per month you can't get into debt. You can also cancel it at any time rather than wait 120 days to be notified that your not using it. At the end of the day, it's an option that some don't have.

 

[Gobbledegeek]

I don't profess to be an expert on debit cards but in my experience they do not operate in real-time and do not take into consideration uncleared funds and pending transactions. Therefore you can go overdrawn and not realise until your bank sends you a demand for £25 or more for the pleasure of the unautherised OD. If no OD has been arranged, it won't be long before the bank freezes everything, so it's not likely to amount to a great deal. My gripe is that unless you get a detailed breakdown of the current state of play and anything pending before using a debit card, you will end up paying that £25 for every transaction while in the red.