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Posted: Wed Jan 30, 2008 1:36 pm
by r.t
hiya all,
iv'e been looking at some pre paid credit cards on the net..does anyone know if you can get one while in an iva as i would like to ssve a little for christmas etc or if i can eventually afford a few days away abroad!!
ta all
Posted: Wed Jan 30, 2008 1:49 pm
by Jo Rolland
You would probably be best to open a savings account as you will earn more interest. Whilst in an IVA you will have an allowance for contingencies, so this money you can save.
Posted: Wed Jan 30, 2008 2:10 pm
by r.t
thankyou jo!!![B)]
Posted: Wed Jan 30, 2008 9:13 pm
by Adam Davies
Hi
You can have a pre paid card in an IVA but as Jo states you will earn no interest.
Regards
Posted: Wed Jan 30, 2008 10:30 pm
by carlmcmullen
Prepaid cards are ok in an IVA but if you are planning on putting a little away for a christmas etc... you are probally better with savings account or even just a basic bank account.
There are fee's with these types cards see below
Card issue fee £9.95
Monthly subscription1 (per account) £4.95 per month
ATM withdrawal £2.00 (UK) £3.00 (Non UK)
Cash withdrawal (at bank) £3.00
Additional or replacement card £9.95 Maximum
Cancellation (for refund of cash value in the Account) £10.00
Foreign transaction 2.75% of amount withdrawn/spent
so assuming £4.95 subscription per month over ten months saving for christmas that could be £50 in your pocket rather than someone else's
And £50 would buy you a big turkey and all the trimmings !!
Carl
Posted: Wed Jan 30, 2008 11:21 pm
by ray_a
A ususal good one is cash plus Mastercard which is the one I use. Costs 4.95 per month and there is a 10.00 initial fee!