Prepaid Card Review Directory
BREAD FX Prepaid Euro Travel Card
What Prepaid? Summary
Date Reviewed: March 2011
The rates! We have checked a number of the Euro travel product providers websites and BreadFX is consistently offering the best or one of the best rates around. They even offer a handy converter on the home page so you don't have to go through the whole card application before you find the latest rate.
The convenience - like other plastic travel products, widespread acceptance is assured as this is on MasterCard. This one can be simply topped up 24/7 via SMS or via the website. We like the idea of lying on a beach and realising you need to add funds for an extra special meal in the evening and don't need to leave the lounger to do so!
What's not so good?
They ask you to pay £10 when applying for the product but the good news is that this is automatically refunded when you make your first top-up.
Application Process - 5 star prepaid rating
The application process is top notch – the information required simple and a decision is made instantly. There is no initial load of £100 like many companies, you just pay the £10 refundable fee.
Card Designs - 3 star prepaid rating
There is only one card design – but how many do you need – it helpfully says EURO on the front, so you know which card to pull out when abroad.
Fees - 4 star prepaid rating
Fees are not so relevant on prepaid travel cards, the thing you really want to be looking at is the rate provided to you. A 0.5% difference on £1000 is £5, so don't look at the fees as a true comparison.
The ATM fee on a BreadFX card is €1.50 which is pretty normal and should you want your money back off at the end of your holiday a small refund fee of €2.00 applies.
Self Servicing - 4 star prepaid rating
This product is great – you provided with a handy cheat sheet to print when you go away including the numbers to call if there is a problem, but also instructions for topping up while away and checking your balance via SMS.
They even provide you with a little update of how much you have saved compared with shopping for currency at the airport – a nice touch!
The BREADFX prepaid MasterCard® is operated by Payment Card Solutions (UK) Ltd . MasterCard is a registered trademark of MasterCard International Incorporated. Card issued by Newcastle Building Society (“NBS”) pursuant to licence by MasterCard International. NBS is authorised and regulated by the Financial Services Authority as an issuer of e-money (registration no. 156058).
© 2010 Payment Card Solutions (UK) Ltd.