• secured credit card banner

    Canadian Prepaid credit cards - a bank account without the bank

    I went to Money Mart today to check out their Nextwave Titanium Plus Prepaid Mastercard

    After writing about secured credit cards in Canada, I thought I should do some research about prepaid credit cards and how they work.

    I went to the Money Mart on 4th and Albert St in Regina, Saskatchewan. I was surprised that the tellers were all behind a thick sheet of plexiglass. It seemed like pretty high security for a business!!




 
Add Your Comments:
Fields with * are required
Your Comment Below:
 
Name*
 
Email*
 
Website
 
Code*
 
Enter Above Code
 
Note: Comments are moderated - Spam will be deleted
 
3 Comments
On Nov 4, 2009, Keltie Said:
Check out RBC's pre-paid card... costs less than CA$4 and thats basically it!
On Sep 27, 2009, James Smillie Said:
I am looking for a prepaid credit card with a value of $ 500.00 max.
On Dec 18, 2007, Angella Said:
Prepaid credit cards can be insanely expensive and, quite frankly, are not worth the money. They often don't work for hotel reservations and are basically only useful for online shopping.

The money mart one is stupid crazy expensive. I looked into it as it was the first one available in Canada. They charge you exhorbitant fees to have it, crazy fees to load it, and fees to use the money you've loaded onto it.

Much Music has one they promote for kids that is much more reasonably priced. I have purchased one of those for each of my kids. It costs $40 to obtain it... $5 of which is credited to the account, $2.50 to load it and nothing to use it.
Home Blog Discussion From Credit Cards
Canadian Secured Credit Cards - Major Canadian Banks British Columbia (BC), Alberta, Saskatchewan (Sask), Manitoba, Ontario (Ont), Quebec (PQ), Newfoundland (NFLD), Nova Scotia, New Brunswick, Prince Edward Island (P.E.I.)