Compare Prepaid Cards and save money

Prepaid cards offer an ideal alternative to a regular credit card. They may look just like normal credit cards – issued by Visa® or MasterCard®, pay anywhere on the go, online or abroad – but that is where the similarity ends. Prepaid cards are based on the principle that you load money onto the card yourself. There is no credit facility (no borrowing), so there is no debt danger. Once the funds on the card have been spent, it is up to you to load the card again. Because of the no-debt factor, prepaid cards are often available even to under 18s, students, the unemployed, those who are self employed and those with a bad credit rating. You are unlikely to undergo a credit check when you apply for a prepaid card.

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COMPANYTYPE

TYPE

Type of prepaid card: pay as you go or pay monthly

ISSUER

ISSUER

Credit card Issuer

COST

COST

Cost of prepaid card

MAX

MAX

Maximum balance you can load onto your card

MONTHLY FEE

MONTHLY FEE

Monthly fee for prepaid card

PURCHASE BALANCE

PURCHASE BALANCE

Amount it costs to use card at point of sale

ATM FEE

ATM FEE

Fees for withdrawing cash at ATMs

UNDER 18

UNDER 18

Card available to those under 18

SMS SERVICES

SMS SERVICES

Card information available

MONEY SHARE

MONEY SHARE

Money share facility available

TOP UPS

TOP UPS

Methods and cost topping up the card

MORE INFO

O2 Money card
O2 Money card

Pay As You Go Prepaid CardVisa Card€10€50000€0.00€10€1NoYesNoTop Up

Top Ups

The top up costs for topping up from your bank account are:
Topping up €20.00 to €59.99 costs €0.80
Topping up €60.00 to €99.99 costs €1.25
Topping up €100.00 to €159.99 costs €1.70
Topping up €160.00 to €350.00 costs €2.55

O2 Money card
O2 Money is the new clever way to pay. Think of it as a prepay Visa card that you just top up and use wherever you see the Visa sign. You can use it online, in shops, restaurants, and even withdraw money from a cash machine. And when your money's gone, just top it up again. DETAIL INFORMATION >>Services

Services

Check your balance instantly from your phone - just text BALANCE and the last 4 digits of your 13-digit Customer Number from the back of your card to 50280


Advantages

Advantages

1. Use it wherever you see the Visa sign, even online.
2. Only spend what's on your card, so no nasty bills. Better than a credit card.
3. Top it up in any O2 store, online from your bank account or anywhere you see the payzone symbol
4. Check your balance by text anytime
5. Use it at home or abroad, it's the perfect travel partner.
6. Keep track of your account with the O2 Money app for iPhone and Android.
7. Save your cash and then to spend it on what you want, when you want.


Disadvantages

Disadvantages

1. €10 charge

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Compare Prepaid Cards

Prepaid cards work like credit cards but there is not risk of accumulating debt as you can only spend what you have.

How does a prepaid card work?

Prepaid cards work like credit cards. You can use them to make purchases online, over the phone and in shops. However there is one big difference – you can only spend the money you have put on the card. You are not borrowing any money, there are no overdrafts and as such there are no credit checks. Anyone can get a prepaid card, whether you are under 18, have a bad credit rating, or don’t do not have a bank account.

There are no credit checks and it doesn’t’ matter if you have been refused a credit or debit card elsewhere. Prepaid cards let you load cash on them and spend anywhere credit and debit cards are accepted. With a prepaid card if you haven’t loaded money on, you can’t spend on it. Only transactions up to the balance loaded onto the account will be authorised so you can only spend what you have paid in.

Prepaid cards are widely accepted and can be used internationally. With most accounts you will be given an online account so you easily view your balance and transactions. Also if your card gets lost or stolen, the remaining balance will be transferred to a new account and you will receive a replacement card. Prepaid cards are much safer than carrying around cash which you are unlikely to see again if it gets lost or stolen.

Things to consider when purchasing a prepaid card

Some prepaid cards will come with certain fees that are worth considering. It is common for a fee to be charged when you top on the card but this depends on the one you choose. You can also find there are application fees and replacement fees for ordering a new card. A few cards may also charge a monthly fee. Many cards charge you for retail purchases or withdrawing from a cash machine. Please bear in mind that you can be charged considerably more for making transactions like this while abroad.

It is worth bearing in mind that different prepaid cards come with different fees and charges. Some cards will charge a monthly fee and some card providers will an application fee just for issuing you with the card. Some cards will have a maximum balance which might affect your decision and it is also likely that you will be charged for withdrawing money from cash machines and for making transactions abroad. There are also some card companies who will charge you if you fail to use the card.

Choosing a prepaid card

You can usually choose between a ‘Pay as you go’ or a ‘Pay monthly’ tariff and again these will have different features and charges that you should take into consideration. As prepaid cards are becoming increasingly popular there are a wide range of prepaid cards available for you to choose from. Use the comparison table above to find the best prepaid card to suit your needs.

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