I've gotten a lot of prepard credit cards over time (one place I used to work for would give them as gifts) and they have their quirks, but they also have their use.
In order to maximise their use, I have a few tips for you. Even though it's "free money" you can make the most of it to save you money.
1) Always Read The Fine Print!
They often have usage fees tagged on - some with each transaction, some with activation, some after a period of non-use....it's important to figure out which you have because a simple $1.50 fee can easily eat up your balance in a few months.
2) Don't Use It to Overspend!
Let's say you get a $50 prepaid card. You go into a store to treat yourself. You start picking up all sorts of things, thinking the card will cover it, but then say to yourself, "oh, I'll just pay the difference." That's where the trouble lies! Next thing you know, you get to cash and use the full balance of your $50 card, plus you have to pay an extra $200 out of pocket. Oops! Did you really need that stuff?
3) Use It To The Max or Keep Close Tabs
You might know that any amount charged on the card over the amount of the balance will get automatically declined. Therefore, it's better to charge the full value of the card in one transaction. If you manage to come close, but have a few dollars left, keep an accurate tally so that the next time you use it, you can have the cashier enter the exact amount left on the card and use the full balance that way.
If you still have a few dollars left afterwards, I like to use them up to pay electronic parking meters. This is a great way to use a couple of dollars and not worry about identity theft with a personal card.
Don't forget you can also use these cards online, again, entering the exact value of the card. Then use another card as back up if there's a balance remaining.
- $3 off Vileda Bee mop - 30/05/13 - $3 off Fibro Contact mop - 30/05/13 - $2 off - Oskar broom - 30/05/13 - $2 off Super Twist mop - 30/05/13 - $1 off WUB2 Dove bar soap (4x90g) - 31/05/13 - $2 off Weetabix (400g) or Alpen (600-650g) or Grain Shop (475-908g) - 31/07/13 - $2 off Natural Defense dry dog food (1.6, 2.5 or 6.2kg) - 01/08/13 - B3G1F Weetabix, Alpen or Grain Shop cereal - 31/07/13 - B1G1@50% off clear TRESemme or Dove hair care product (Max $4.50) - 31/07/13
Sometime this year, I discovered Leonie Dawson and fell in love with her writings and newsletter. She is supportive from afar (Australia) and has a way with words and drawing.
She's been helping me with my savings and financial goals, so I wanted to share her latest offerings with you!
For 2013, she has a calendar and workbook to help you keep on track and achieve your dreams. She's not preachy or airy-fairy (in fact, sometimes she even swears!) but it's all fun and helpful.
I noticed recently I had stopped getting daily SuperPoints emails so I went to their website today and found it's not active. They recently changed their point structure and then just disappeared!
Less than two months ago, I wrote an updated review about them and was still happy with them! So this is very disappointing! Also, had over 900 points to cash in! I think some people online are trying to find ways to still cash out their points, but I'm not sure.
If you have any more information, let me know!
This is all that is left of the site:
I can only hope that Royal Draw doesn't go the same way.