Virgin Money Launch Prepaid Mastercard
A new prepaid Mastercard has been launched by Virgin Money, to complement their existing credit card offerings and other financial services. The card, which is issued on behalf of PrePay Technologies, will cost an initial set-up fee of £9.95 plus a 2.95% fee on each transaction.
Unlike many other prepaid cards, there is no fee for topping it up if you do so by direct debit, direct transfer, or at a Post Office counter, and there’s no annual or monthly fee.
Virgin are marketing the card as a risk-free way of enjoying the benefits of a credit card without the prospect of running up debts.
April 14th, 2010 at 5:48 pm
secured business credit card…
The first method is to use the offer of zero percent interest on balance transfers to transfer your existing borrowing to the new card. This saves having to pay any interest at all on that borrowing for the extent of the initial zero interest period. T…