Post Office Prepaid Card Fees - Currencies Available - Mobile App
Post Office Travel Money Card Plus is issued by Clydesdale Bank PLC pursuant to license by MasterCard® International.
Post Office Prepaid Card
Post Office travel money card is visa card branded the Post Office Prepaid MasterCard is pre loaded with a currency in advance.
However, the Post Office offers different cards with a multitude of pros and cons, the first being the variable APR card, while the other is a prepaid card. let's focus on the advantages and disadvantages of the variable rate card.
What are the pros?
The Post Office prepaid card offers some compelling benefits which are hard to find elsewhere. The most notable of these is the option of two different credit card. One is for everyday purchases, which is variable, and one is for larger purchases of between 500 pounds and 2,000 pounds. The latter allows you to contact the Post Office and transfer the balance to a fixed rate payment plan.
This is a strong contender if you're looking for a card to use overseas. It offers 0 percent fees on all foreign transactions, as well as avoiding the cash advance fee when purchasing travel money. However, you should be aware that you will still incur charges when using an ATM. If you plan to do this while on holiday, consider the prepaid card instead, which won't charge you for withdrawals.
How does Post Office Card Work
This Post Office prepaid card also offers 0 percent balance transfer for 12 months and an additional 0 percent interest on balance transfers for five months after your first and second year anniversaries.
Finally, anything that you purchase will be covered for 90 days against loss, theft or accidental damage, as well as the standard protection on purchases between 100-30,000 pounds that all credit cards offer.
What are the cons?
While there is unquestionably a considerable measure of advantages to the Post Office's putting forth, online audits don't look so sure on it. Many whines that the application procedure is excessively muddled and drawn out, while others protest that authoritative mistakes have postponed their applications or that reaching the Post Office is difficult as they are not open at ends of the week.
Post Office Mobile App
Another commonly voiced issue with this card is that, according to some users, the online banking leaves much to be desired, with poor site usability.
Aside from personal opinion, one area this credit card does fall is that there is no loyalty option, as there is with many supermarket credit card offerings, but this is a matter of priority.
Is it for me?
As with most post office credit cards, you need to be over 18 years of age and a UK resident to be accepted for a Post Office credit card. You'll also need to have a minimum salary of 15,000 pounds.
It's also worth saying that Post Office prepaid card should only be taken out by if you're 100 percent sure that you can pay your balance back on time. Otherwise, you may incur additional fees and mounting interest, which can lead to serious debt problems.