UK Prepaid Credit Cards (MasterCard & Visa)
If you have read our UK bad credit history unsecured UK credit card page then you will know that
if you have some form of bad credit and cannot obtain any of the UK credit cards that we tell you about then there are two remaining solutions open to you, namely secured offshore credit cards and prepaid credit cards like the ones listed below.
As we point out, if you live in the US there are plenty of (expensive) US secured credit cards and if you live in the UK there are some European secured credit cards (usually attached to offshore bank accounts) available to you if you have the required security deposit. However, many people do not have access to such funds and others are unwilling to risk such money in foreign (or offshore) banks. Currently, there are no banking institutions in the UK which offer secured MasterCard or Visa cards (although Capital One used to). Stop Press - It appears that Capital One have reintroduced their secured credit card again! Invitation only at the moment.
The only solution left for people with bad credit is the prepaid credit card (or correctly named prepaid debit card). This is simply a plastic payment card with the usual MasterCard or Visa logo that is prepaid, either when you buy it or when you load or reload it with your own funds. These reloadable cards allow you to add credit, usually with small minimum amounts so you just load what you need to spend. There are no large security deposits to surrender and no credit checks. A consequence of this is that prepaid credit cards are perfect as low risk, private and confidential second credit cards for use online.
The UK Prepaid MasterCard / Visa Debit (Credit) Card List:
All prepaid cards below are available to those with bad credit.
(All card information was last checked & updated 9th May 2013)
Our Top 2 Prepaid Credit Cards
The UK's most popular
The UK's only Gold
No Credit Checks.
Over 500,000 cards already issued.
All your funds are kept in trust by the Royal Bank Of Scotland.
Improve or build your bad credit history with their unique Creditbuilder program.
Borrow up to £400 with iAdvance.
Get your Gold Prepaid
cashplus Prepaid MasterCard review
Gold Prepaid MasterCard
Click on above prepaid cashplus * MasterCard image.
The popular Prepaid
MasterCard from Orange.
No Credit Checks.
The cards are issued by Barclays Bank.
Loading is free at EE shops or by bank account / debit card.
Available to anyone over 13.
No monthly fees.
No purchase fees in the UK.
You can manage your money on the move with the Free Orange Cash app (Android Smartphones only) - letting you load money instantly on the go, check your balance and transactions and set personal balance alerts.
Get your Orange Prepaid
Orange Cash prepaid MasterCard review
Click on above prepaid Orange Cash MasterCard image.
Do you need a prepaid MasterCard / Visa credit card program for your business or organisation? Visit our business prepaid credit card page for details.
And the rest of the best UK prepaid cards
This company which is regulated by the FSA offers one of the least expensive to operate prepaid debits cards in the UK.
There are no monthly fees, no transaction fees
and the cards can be loaded for free using either Internet Banking or by paying in cash at Barclays.
There are also no credit checks.
The cost of the card is just £4.95.
Click on above Kalixa prepaid MasterCard image.
Secure Trust Bank
UK Bank Account & Prepaid MasterCard
Guaranteed Bank Account With
No Credit Checks.
This bank which has been in operation for around
60 years offers a guaranteed UK bank account
linked to a MasterCard prepaid debit card. Funds
from the bank account can easily be transferred
to the prepaid MasterCard when required. There
are no credit checks and telephone and online banking is provided just like with any normal
current account. Cash and cheques can be paid
in at any branch of Barclays. The prepaid
MasterCard itself can be topped up at
Click on above Secure Trust Bank image for your guaranteed bank account and prepaid MasterCard.
my Travel Cash
Prepaid Currency MasterCard
This company offers a free prepaid MasterCard
in a choice of either a multi-currency, US Dollar
or Euro versions. They are designed as a cheap alternative to using credit cards abroad. They
give great exchange rates, charge no commission
and have free ATM withdrawals.
Click on above my Travel Cash
prepaid MasterCard image.
Prepaid Maestro Card
Splash Plastic issues a reloadable prepaid
Maestro debit card for UK customers. This
card has no monthly fees and is free to top
up via bank transfer. The initial cost is just
Click on above Splash Plastic
prepaid Maestro card image.
And a few UK credit cards suitable for those with no or adverse credit
MasterCard Credit Card
This is another, though lesser known, unsecured MasterCard credit card to try for if you don't fancy a prepaid credit card. The interest rate on the card indicates that they may accept people with a less than perfect credit rating. The card issuer is Progressive Credit Limited (PCL).
Aqua MasterCard credit card review
Representative 32.9% APR (variable)
Black Diamond Visa Credit Card
This UK Visa credit card comes with an initial credit limit from £150 to £1000. There is the possibility of a credit limit increase on your fourth statement and further increases every four months up to £3000. There are no annual or monthly fees for this card.
Purchase annual interest rate 59.94% (variable)
Amount of credit £250
Representative 59.9% APR (variable).
R. Raphael & Sons PLC
This Visa credit card is designed for those with a less than perfect credit history. The initial credit limit, if successful with the application, is £300.
There is a monthly fee of £15 for each £100 borrowed or part thereof. There is a £3.50 monthly fee if the balance is £0.00.
You must also repay a minimum of 10% of your outstanding balance each month.
You must also have a debit card to apply as the debit card will be used to make the monthly repayments.
If you spent £300 on a purchase
transaction at the start of your agreement, incurred total monthly charges of £540 over a period of 20 months and made repayments in accordance with your Terms & Conditions, your APR would be 627% APR representative (variable).
Visa Credit Card
If you don't wish to apply for a prepaid card
for any reason but have a bad credit history
and still require a Visa or MasterCard payment solution then this is one of the best Visa cards
to apply for. They have helped over a million people in the UK get a credit card who
otherwise might not have got one.
Vanquis Visa credit card review
Purchase annual interest rate 39.94% (variable).
Amount of credit £1000.
Representative 39.9% APR (variable)
Visa Credit Card
Again, this is another company which has
helped many people in the UK with an
adverse credit history succeed in obtaining
an unsecured Visa credit card. If you are successful in your application you will only
get a low credit limit but the card will help
you build your credit rating if you use it
This is another good alternative to a prepaid
card as you won't be subject to any upfront
costs or fees if you pay off your balance on
time every month.
34.9% APR representative variable
34.94% p.a. variable on purchase
£1,200 credit limit
In this respect, they are not credit cards but stored value (or prepaid) debit cards, in so much as you cannot go into debt with them. Also, as no credit is involved, prepaid credit cards do not generally report to the credit reference agencies, although a couple now do including the very popular cashplus card.
Not all prepaid cards have the MasterCard or Visa logo on them. Some come in the form of a prepaid Maestro, Cirrus or Visa Electron card and some prepaid accounts have no card at all, simply an account number to use online or on the phone. This type of account is called a virtual card account. Also, some cards are non-reloadable and these are often known as gift cards.
Previously, prepaid cards had only really been available in the US and as a result of the Patriot
Act 2001, US cards were no longer available to anyone outside the US. Fortunately, in the last
couple of years numerous MasterCard & Visa prepaid credit cards have been introduced into the
UK market. You can see most of the main current ones at the top of the page. This list is by no means exhaustive. There are new prepaid cards coming onto the market all the time (and
quite a few disappearing). We have simply listed the best and most popular ones.
A few other cards, for example, include the Post Office Travel Money Card Plus prepaid
MasterCard and the Cantonfx Prepaid Visa designed for use abroad.
There are more International & UK prepaid credit and debit card accounts on our other
International prepaid debit card page. This page lists some worldwide Maestro & Cirrus
debit cards such as the eForexGold debit card or the GlobalCash debit card, a few of the
increasingly popular virtual prepaid cards which are simply Visa or MasterCard account
numbers without the actual plastic card and the top UK prepaid cards.
* The cashplus prepaid MasterCard is issued by APS Financial Ltd (AFL) pursuant to license
by MasterCard International Incorporated. AFL is authorised and regulated by the Financial
Services Authority. (www.fsa.gov.uk/register) Registered in England no. 06029941. Your card
will be serviced by Advanced Payment Solutions Ltd (APS) which is a registered agent of AFL
for this purpose. Registered in England no. 04947027. cashplus is a registered trademark of
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