About Bread prepaid card...
- Join now and get £5 free cash back
- No bank account needed
- Only spend what you can afford
The people at Bread, reckon, that their card is the best thing since sliced (erm) bread. Clever! But, seeing as sliced bread has been around since Otto Frederick Rohwedder invented a machine to slice and wrap it in 1928, are Bread’s claims just a little too over-the-top?
The card costs £10 to get hold of - but you will get £5 free cash back when you sign up. While you won’t need a bank account to obtain this card you will need proof of ID - in the form of a passport or driving licence - and a UK address and the card will be winging its way to you.
Just like a pay-as-you-go mobile phone, you can top up as you go. Top up options include via SMS text message, or more conventionally by BACS transfer (25p cost), credit or debit card, or at PayPoint machines (3% fee).
Buy Bread prepaid card 
| Usage Fees |
| |
|
Notes.. |
| Monthly Maintenance Fee |
Free |
The monthly fee charged for holding the card. |
| Purchase Transaction Fee |
2% |
The fee charged for purchase transactions. |
| ATM Cash Withdrawal Fee |
£1.50 |
The fee charged for withdrawing cash at an ATM machine. |
| Foreign Transaction Fee |
2.75% |
The fee charged for using this card abroad or for purchases made in a foreign currency.
This may be in additional to any purchase transaction or cash withdrawal charges. |
| Load Locations & Fees |
| |
|
Notes.. |
| Max Credit Amount |
£3,500.00 |
The total amount you can have loaded on this card at any one time. |
| Max Daily Load |
£500.00 |
The maximum amount you can load onto this card at a time. |
| BACS Transfer |
25p |
- |
| PayPoint |
3% |
- |
| Cardholder Services, Extras & Rewards |
| |
|
Notes.. |
| Online Account Management |
Yes |
You can view transactions and the card balance online. |
| Fraud Protection |
Yes |
You will be refunded for any fraudulent transactions made with your card if you inform the issuer in due time and accept Police investigations into the fraudulent use. |
| Customer Services & Other Costs |
| |
|
Notes.. |
| Card Purchase / Issue Fee |
£10.00 |
The cost of buying / taking out this card. |
| Lost/Stolen/Re-Issue Replacement Fee |
£10.00 |
The fee charged if you need a replacement card due to loss or theft. |
| Redemption Fee |
£10 cash out fee |
This is how much you will be charged for redeeming any balance on the card. |
| Customer Service telephone enquires |
Premium rate
80p per minute |
0905 786 0106
Monday - Friday 9am - 8pm, Saturday 9am - 5pm |
| Lost & Stolen Helpline |
Local rate |
0845 603 2378
24 hours, 7 days a week |
| Card Details |
| |
|
Notes.. |
| Online Application |
Yes |
You can register or buy the Bread prepaid card online. |
| Card Type |
Prepaid |
-
|
| Payment Company |
Maestro |
This is the company who provides the payment technology and infrastructure to allow you to use this prepaid card. Retailers and ATM machines displaying the 'Maestro' logo will accept this card. |
| Card Issuer |
Newcastle Building Society |
This is the bank behind your prepaid card. |
| Card Advertiser |
Bread |
This is the company who advertises and promotes this prepaid card. |
|
Bread Prepaid Card
| You should only apply if you are: |
| • Aged 13 or over |
| • UK resident |
More about Bread prepaid card...
Protected by Chip & PIN technology, prepaid cards are safer than carrying wads of cash around. So, while someone may be able to nick the actual card they're not going to be able to get hold of the money you loaded on to it. If the worst does happen, it's also easy to get things sorted with Bread's local rate, Lost and Stolen helpline, which operates 24 hours a day, seven days a week.
The Bread prepaid card costs a flat £10 (or £5 with the £5 free cash back incentive that they're running at the moment).
Whilst Bread doesn't charge a monthly maintenance fee they do charge purchase transaction fees of 2%. To withdraw money from your Bread card at an ATM will also cost you £1.50 (but this is pretty standard fare when it comes to Prepaid cards).
You can top up your Bread card to a maximum of £3500 - with a maximum daily load of £500 (nice if you've got it).
Bread is a Maestro card - so just like a Maestro debit card, you can use it wherever the Maestro sign is on show - that's all over the world (though a 2.75% foreign fee will apply for non-sterling transactions).
Lost/Stolen cards cost £10 to replace (a standard figure with Prepaid cards).
How to manage your card
You can apply for a Bread Prepaid card online and once you're signed up you can also check your usage and your card balance online. A customer service helpline is available but be warned, it's a 0905 number and costs a whopping 80p per minute - so call at your peril.
Is it right for me?
If you're after a 'back-up' card, then with no monthly fee, the Bread Prepaid card is a good option. But, if you're seriously planning for it to take the place of hard cash, then, with the 2% purchase fee on every item you buy on it, it's probably not the one for you.
Another thing - if you're a bit of a worrier and often have to ring up customer service help lines, don't plump for the Bread prepaid card because it'll cost you a fortune alone in phone bills.
Final Word
The Bread prepaid card offers a good incentive of £5 free cash back - so theoretically it's only costing you £5 to buy. That's pretty cheap when it comes to prepaid cards.
The main downfall with this card is the extortionate amount of money it will cost you to call customer services: 80p a minute. If you think you’ll be able to steer clear of dialling this number then the Bread Prepaid card is definitely worth considering.
Whether it's as good as sliced bread remains to be seen. The quality of sliced bread varies - as does the quality of Prepaid cards. The Bread Prepaid card is, we would say, equivalent to a 72p loaf.
Buy Bread prepaid card
What do you think?
Add your own review of the Bread credit card.
Sorry, there are no user reviews currently available.
Be the first to comment on the Bread credit card - add your review above.
|
PayPoint
