Prepaid cards are becoming one of the most widely used forms of plastic in Britain thanks to their simple, safe and secure approach to online and in-store spending.
Rather than storing all of your money onto one debit or credit card, MasterCard prepaid cards allow you to deposit as much or as little as you like onto your balance to help you monitor exactly what you’re spending.
What’s more is that you’ll never be charged overdraft fees, credit interest or late repayment charges since no credit is offered on these facilities, meaning you’ll only ever be able to spend what’s on your MasterCard prepaid card.
Anywhere that you can use standard credit or debit cards! Whether you’re at home or abroad with your prepaid cards, MasterCard is one of the world’s most recognisable brands and, as such, can be spent both online and on high streets in over 200 countries around the world.
You’ll also have the added benefit of being able to deposit cash onto your card from other banking accounts, using online banking or by topping up your card in recognised shops.
Yes! Anyone can be accepted for MasterCard prepaid cards since there are no credit facilities. It’s the same as using a basic bank account through a high street retailer except you’ll only be able to spend what you’ve allocated to the card.
This feature also makes MasterCard prepaid cards a fantastic resource for parents and children. Debit cards are now commonly found on most children’s banks accounts and, whilst they don’t have credit attached, it does mean that children have access to all of the funds in their account.
By using prepaid cards, MasterCard will allow parents to deposit certain budgets each week or month so that children can learn to manage their money responsibly, whilst giving parents the peace of mind that their money won’t be wasted in a single shopping trip or online spending spree!
Apply for MasterCard prepaid cards today with CreditRaters.com and find out how they can help.
*UKCreditRatings offer a 14-day trial to their credit report service. If you choose not to cancel within the trial period, you will incur the monthly subscription fee of £19.95 until you cancel the account. Credit Raters is a free financial comparison website owned by Season Marketing Ltd which is a company registered in England and Wales (Company number 08901402). Season Marketing Ltd's registered office; 71 - 75 Shelton Street, London, England, WC2H 9JQ. Season Marketing Ltd is authorized and regulated by the Financial Conduct Authority and entered on is the Consumer Credit Register under reference number: 727385. Licensed by the Information Commissioners Office, (registration number ZA064129).
