Prepaid Cards

Pockit is a leading prepaid card provider in the UK, offering a convenient solution for consumers who are looking to stick to a budget, avoid overspending or unable to open a traditional bank account. The Pockit Prepaid MasterCard® card is unique when compared to other prepaid cards because cardholders are able to take advantage of additional benefits, such as in-store cashback when shopping on the high street, voucher codes and partner offers.

Pockit has two payment options for its prepaid card – pay as you go and pay monthly – each with slightly different fees and benefits. The pay as you go card has a one-off £5 application fee and is recommended for infrequent users or those who do not want to pay a monthly fee. However, there is a transaction fee of £0.45 per purchase and a £1.50 ATM withdrawal fee. Compared to other prepaid cards on the market the Pockit Prepaid Card fees are competitive. The card can be loaded for free using BACS or with a Debit Card, however other methods including Credit Cards, Paypoints or at the Post Office incur modest charges. Pay as you go cardholders are able to access over 5,000 voucher codes from the Pockit website, as well as partner offers from Aviva (Insurance), TalkTalk (Broadband) and First:Utility (Gas & Electricity).

Alternatively, customers can choose a Pay Monthly Pockit Card costing £3 per month with no application fee. This is in fact very competitively priced compared to other prepaid cards which can cost as high as £9.99 per month. Pay Monthly customers do not incur a charge per transaction and only pay a £1 ATM fee. Loading fees for Pay Monthly cardholders are cheaper than the fees for pay as you go cardholders. Pay monthly cardholders can make use of voucher codes and partner offers on the Pockit website like pay as you go cardholders but they are also able to take advantage of the exclusive cashback agreements Pockit has with twenty leading high street retailers. They can earn between 2% and 10% cashback on their purchases.

Overall, the Pockit Card is amongst the most competitive prepaid cards on the market through a combination of low fees and cardholder benefits.

The New Barclaycard is a Perfect Fit For Your Financial Blueprint!

Are you looking at trying to take your financial blueprint to the next level? Then it’s definitely time to look at Barclaycard. There are plenty of amazing deals going on, but if you never look for better credit options how can you honestly take advantage of them? You will just have to look at what’s available to figure out the fastest way to take action. Thankfully, we have a few things to highlight for you to save you some time in the research department.

Barclaycard is doing a deal for new customers that allows you to get 15 months of 0% interest on both purchases and balance transfers. That’s absolutely incredible when you think about it, because then you aren’t going to have to worry about interest right when you’re trying to refine your spending.

It goes back to what David Chan, the chief executive of Barclaycard Consumer Europe said, “We’re very excited to be offering even better value and such a huge amount of choice to new customers; from those wanting to manage their money better, to those seeking to build a credit history.”

That’s right — there are even more options than just the 15 / 15 deal stated.

There’s also a market leading 22 month 0% balance transfer off that also gives you 30 GBP discount on the transfer fee, as well as a low balance transfer fee card that gives you 17 months of fees at only 1.6%. Another powerful way to control your finances, for sure![Continue Reading…]

UK Credit Cards – Go Or No

Getting a UK credit card when you don’t have credit can be a great way to get your credit life in the right direction. However, there are some things that you are going to need to think about before you just take the plunge.

First and foremost, there are a lot of different cards out there. Since you probably don’t have credit already, getting a nice rewards card can be a good thing. However, you have to realize that many rewards cards are going to have a higher interest rate than their non-rewards counterparts.

This is also the case with cards that promise lifetime balance transfers. There’s going to be a fee associated with each balance transfer. You also want to make sure that there’s going to be a clear listing of what your interest rate is for the new debt on the card. Some cards actually put more interest on these balance transfers than anything else.

In addition, even if you do get a credit card, you want to make sure that you pay more than the minimum requirement every month. If you only get by on the minimum, the interest will simply wrack up higher and higher until you have a debt that’s very hard to repay. In addition, you also want to make sure that you don’t use your credit card to withdraw cash. This will only make for higher interest and a fee on top of the transaction.

The final caution that we would pass along here is that you want to make sure that you always pay on time, every time. If you have a credit card that lets you get 0% interest for a certain amount of time, you’ll find that offer revoked and a rather high interest rate attached to the card. It can also take months for you to qualify for a better interest rate. You would have to make sure that you pay on time for several months in order to even begin to think about negotiating for a better rate. This is the time to really start thinking about how you really want your credit life to appear. You don’t want to keep feeling like you can’t get good credit, only to finally get approved and then mess things up from the beginning.

If you mail in your money every month, make sure that you take extra time to get your payment in before the due date. This is the best way to ensure that your payment is on time. You have to calculate in time for the post to run, plus processing on the side of the credit card company.

There are some benefits to getting a good credit card. For starters, you will be able to be protected against fraud. If you put your bank account on the line with all of your purchases, then you’re going to have to go in and fight your bank to get the money back. This could take weeks — all the while, your expenses aren’t being taken care of the way you want. This is something that you really want to avoid if you can honestly help it.

If you already have a bit of credit, applying for more in a calculated manner is always a good thing. While it’s true that you can temporarily lower your score, we would argue that sometimes it’s worth it when you know that you can use the new credit line to strengthen your report as a whole.

So, should you go for UK credit cards or shy away from them? Well, as long as you’re willing to do your research online, we don’t think that credit cards are a bad thing at all. Of course, this assumes that you already manage money well. Credit is simply using someone else’s money and paying them back. If you cannot trust yourself to do this, then you definitely want to avoid taking on credit. If you don’t pay back your credit cards, you will be hurting your entire financial future. It’s a lot better to make sure that you really focus on taking care of yourself from every angle. Later down the line, you never know when you’re going to want to buy a house or even a car. These things take credit. If you show lenders that you cannot even handle a small credit card, they’re certainly not going to trust that you will be able to handle something as large as a house!

We have full faith that you will be able to manage your credit wisely. As long as you don’t max out all of your cards and you pay more than the minimum every month, there’s no reason to shy away from UK credit cards — check them out for yourself today!

Developing Good Habits With UK Credit Cards

If you are thinking about any of the many UK credit cards available, you definitely have plenty of things to ponder. Indeed, credit is really what you make it. We often say that a lot around here, but it’s definitely true. No matter who you are, you can probably get something out of the credit card experience. However, you just have to be careful about what you’re trying to get. It’s tempting to think that all you really have to do is dive into credit and not think about what happens but is that really the case? Not at all. You will definitely want to make sure that you think about all of your options when it comes to credit, just so that you’re not left behind when the dust clears and the smoke settles. That’s just the best way to go if you ask us.

Now, credit is something you can plan for. If you don’t have any credit yet, you might want to focus on a student credit card in the UK. Those are usually the easiest to get for young people because you aren’t expected to have credit. Of course, if you really can go out of your way to get a little more money in, you will be ahead of the competition. You will be in a position where you really can get a lot done, but it’s going to be up to you to make sure that you do anything with it.

We like to use credit for emergencies and purchases where it makes sense to finance them over time. Getting new appliances for your flat is a good thing. However, you will still want to make sure that you watch your payments. If you fall behind, you’re only going to pay more in interest and have to pay fees. That’s not a good thing at all. It’s wiser to really make sure that you have your ducks in a row, so to speak in all that you do with credit.

You might not qualify for the best interest rates. You’re going to have to prove yourself at every turn, and that can be hard to deal with. It can be hard to step back and know that yes, you will need to ensure that you’re not causing yourself bigger problems in the long run.

Now is definitely the time to start comparison shopping around for a good credit card. As long as you are committed to being sensible, we don’t see what the problem would honestly be!

Why You Need To Compare Credit Cards

With the way that we all live today it is always useful to have a credit card in your purse or wallet, but with so many choices that are being offered what one do you choose so it makes economic sense to compare credit cards before you jump in.

There are many websites that will enable you to compare the current offers but sometimes it is best to look at the long term offer once the initial offer expires as the interest rate can increase dramatically.  There are offers with 0% interest for a selected amount of months and cards for those that have bad credit.

There are also various offers that include discounts on holidays, wines and abroad cover.  There are so many to choose from it is advisable to compare the various deals which are on offer and you will find a card that is best for you.  There are many cards that will offer you insurance when abroad, therefore if you get into difficulty abroad and need to get home, your card will cover you.  Nowadays, there is so much more to a credit card, much more than being able to use it to buy something.

It is always advisable to see if your card covers you for fraud as the last thing you want is for your credit card to be lost or cloned and you end up with a lot of money put on your credit card that you haven’t spent yourself.  With the assurance of this cover you know that if this did occur you will be covered.

Most deals will enable you to balance transfers from other cards but some do stipulate that certain cards you are unable to transfer balances from.  Some also ask for an initial fee, again you can look into this more when you have made your decision.

In most instances you will get a decision immediately once you have applied, therefore there is no waiting around to see if you are accepted or not. It is also nice to know that wherever you are in the world there is a credit card for you, like this example from Australia –

Squeezing Out Every Bit of Potential In Your Credit Products

Your credit cards matter, but do you know what they’re actually offering you? Have you taken the time to compare credit cards UK to find the best interest rate and terms? Sometimes when we get that new credit card in the mail, it’s hard to keep from spending long enough to actually read what’s being presented to you. There’s nothing wrong with wanting to make sure that you have everything together, but you will definitely need to make sure that you are looking at your credit products a little closer.[Continue Reading…]

Don’t Skip The Fine Print of Your Credit Cards!

This is probably going to be filed away in the “obvious” section of your brain, but here us out: if it didn’t happen, we wouldn’t have to say anything about it. We could just keep going on, telling you the things that you need to know about your credit and then some. However, there are indeed people that write to us saying that they didn’t know that their credit card company could do such things, and we are always surprised when we hear that. Didn’t these people read the fine print?

Of course, it’s not like the credit card companies really make it easy for you to do that. You will pretty much have to navigate the fine print on your own, unless you just happen to have lawyers for friends. However, there are groups online that tackle these types of things as a team, which means that you should at least try to go online and see if anyone’s detangled what’s going on.

Generally speaking, you need to know your interest rate, how your interest is calculated and compounded, and how your due dates are calculated. Knowing this information will help you really determine how long you’re going to keep your credit card. If you find that your credit card’s terms aren’t keeping up with your changing needs, then it’s definitely going to be time to give your credit card the boot and get another one.

Yes, it’s obvious, and we’ll acknowledge that all day long. However, consider this our best reminder to take back your life through your finances. The answer to your finances in any regard should never be “I don’t know”, because that’s how these companies get the best of us. Knowing the ins and outs of your credit card is going to help you enjoy it more and use it as a tool better than anyone possibly could.

That’s all we have on the subject today — go out there and check out your credit card’s fine print today. Oh, you don’t have that initial stack of paperwork? That’s okay — your card’s terms and conditions will probably be on your credit card company’s website. If they aren’t, you can call the company and ask them to send them to you or tell you how you can get them — they will respond, we promise!

Yet Another Return to Pre-Paid Debit Cards

With all of the talk surrounding the banks desire to raise ATM fees, you might think that pre-paid debit cards aren’t going to be popular for much longer. However, this is short term thinking that could derail your financial goals before they’ve gotten any progress added to them. You will need to step back and think about all of the great things that pre-paid debit cards have to offer.

Yet a lot of the population still hasn’t really understood why these cards are so great. It can be hard to really think about these cards in great detail when it always seems like someone is talking about how awful they are. One of the things that people don’t like about pre-paid debit cards is that they have fees, but what doesn’t in this financial world that we live in. Every company need sot make a profit in order to keep providing us with the products and services that we’re looking for — why should a pre-paid debit card be any different than that?

The biggest benefit to pre-paid debit cards is that no matter what type of card you get, you always know where you stand. You will know how much money that you have to work with — you can even get email and text alerts of your balance if that’s what you want. Many of the major pre-paid debit cards can be refilled offline as well as online. It’s a matter of convenience, really. Knowing where you stand means that you never have to worry about being overdrawn on your account. Yes, that also mean that if you try to get more stuff than what is in your account, your card will be declined. Now, that can be embarrassing, but it’s wroth it when you think about the benefits. You aren’t going to have to deal with over the limit fees, like you would with a credit card, and you won’t have to deal with checking account overdraft fees either.

There’s something powerful about having a pre-paid debit card in your wallet because you can try out new things. For example, if you’re an online shopper there are often concerns that you never really know what will happen when you make a purchase. There are a lot of sellers online that are using credit card information that they were given to enroll people in auto-ship programs. These programs rebill the card that you give the retailer every month or at any other frequency that you can think of. This might be every two weeks, every month, or every three months. Either way, it all boils down to one thing: a store taking money out where you may or may not want that. It’s better to go with a pre-paid debit card for online purchases because they can’t do that. They can’t take money that isn’t there and create over the limit fees or even overdraft fees. The card will be declined, and you might even get an email from the seller. However, it’s better than ending up with extra fees.

The fees with a pre-paid debit card are a lot cheaper than the fees associated with checking accounts. In addition, if you’ve had some problems with banks in the past, you’ll find that it’s easier to get a pre-paid debit card than it would be to get a checking account.

If you’re ready to pick up a pre-paid debit card for yourself, there are a few ways to go about it. You can go offline to the supermarket or the big box retailers and get a pre-paid debit card, or you can get a card that’s going to be from an online company. There are benefits to the offline companies, but the truth is that the online companies can offer you better features because their overhead is a lot lower. It just depends on what you’re trying to achieve. If you already get direct deposit at work, your new pre-paid debit card could even be free — what more could you want than that?

Get Behind Me, Credit Cards – How to Remove Yourself From the Junk Credit Offer Pile

No one really likes the idea of being on someone’s junk mail list, but if you’ve woken up and gone out to your mailbox, chances are good that you have a mailbox full of junk letters and credit card offers.

It’s not your fault, really — you’re just too tempting. The credit card company really wants to make sure that you’re going to take one of their offers. They want to sign you up for as many credit cards as possible, because even if you don’t carry a balance they’re making money in multiple ways — including sharing your information with trusted third parties. Don’t like it — tough it’s part of the whole experience. It can be difficult to deal with the idea of having to have your information scattered far and wide.

It also might be tempting to sign up for the offers, but the truth is that after the introductory honeymoon period is over, these credit cards may be more than what you bargained for. You can’t close them either — shutting down accounts can really mess with your credit score, and this is not a time where you want to have a lot of closed accounts. You really want to try to rebuild your credit as much as possible, but taking out a bunch of credit cards really isn’t the way to go.

You will definitely want to make sure that you opt out of the whole system, and that means being proactive instead of reactive. First and foremost, you will want to call the credit card companies that are constantly sending you their offers. You will let them know that you don’t want to receive anything else. There is also a website called that can help you actually stop the junk mail from all of the credit card companies in one go, but users have experienced mixed reviews. When you’re really trying to get out of debt, you don’t need to be surrounded by credit cards.

Overall, now is a good time to look at the offers you get. If they’re not benefiting your life, then now is a great time to just get rid of them, wouldn’t you say?