Optimum MasterCard Prepaid Credit Card
The optimum prepaid card is not a credit card, which provides you with a line of credit, nor is it a debit card which is linked to a bank account.
This means that with the Optimum prepaid card you can't go overdrawn or borrow money– you can only spend the money you have loaded onto it, so you stay in complete control of your money.
What is a restricted card?
A restricted card has a total spending limit of £1,600 per year (12 months starting from the date of the first Transaction) of which no more than £600 can be cash machine withdrawals.
You cannot top up your card using a debit or credit card. Maximum spending limit per single transaction is £600. Why would a card be restricted?
When you apply for your Optimum prepaid card we are required to undertake an identity check.
In some cases, Optimum prepaid may need a little more information from you before Optimum prepaid can give you an unrestricted card.
If this applies to you, Optimum prepaid will let you know when we send you your card and provide simple instructions on what you will need to do.
Top Up Information
When you reload your Optimum card sometimes you will be charged a small fee, depending on the method, however, nearly all the providers offer at least one free reload option.
|Free reload options||Fees||Timescale|
|Debit Card||Free||Within 30 min|
|Payroll||Free||3 - 5 days|
|Post Office||Free||1 day|
Chargeable reload options
|Paypoint||3%||within 30 mins|
|Credit Card||3%||Within 30 min|
Prepaid Card Limits
|Max Prepaid Card Limit:||£5000.00|
|Maxi top-up amount:||£5000.00|
|Min top-up amount:||£10.00|
|Max ATM Withdrawal:||£250.00|
Some Optimum cards have usage charges and these charges vary depending on what card you have selected. Also, the charges apply from transactions to ATM withdrawals and some cards have none at all! Here is a list of usage charges for the Optimum card.
|Prepaid Card Application Fee:||£9.95 card|
|Additional Prepaid Cards:||£5.00 one additional card|
|UK Transaction Fees:||Free|
|Transaction Charges Overseas:||2.95% + 1% surcharge|
|Monthly Subscription Fee:||£4.95|
|UK ATM Fees:||£1.50 (2% surcharge over £50 per ATM|
|ATM Fees Overseas:||£1.50 (2% surcharge over £50 per ATM|
|Cancel Account:||£5.00 + 2.5% Surcharge|
|Replacement Prepaid Card:||£5.00|
Check Balance on Prepaid Card Account
|SMS Message:||£0.10 to £1.50|
|Telephone:||£0.10 to £1.00 per minute|
£2.50 SMS Payment Fee Surcharge taken at first top up on the application. General customer service calls £1.00 / minute.
How to Apply
Optimum Prepaid Card
The decision to accept only made by Optimum Card after they have taken your details. Also, confirmed your ID and received payment.
You could have your new Optimum Card sort code and account number in seconds and your prepaid MasterCard delivered 5 to 7 days later.
To apply for your new Optimum account simply complete the short application below and Optimum Card will open the account for you instantly. You must be at least 18 years of age to apply for this account.
Please select your title.
- The first name required.
- The last name required.
- Please enter a valid email address.
- Please enter either home or mobile number.
- Gender required.
- You must live in mainland UK to apply for an account.
- Select if you have lived at your current address for three years or not.
- Consequently, Terms and Conditions apply. Please read and agree to them.