WHAT IS A PRE-PAID CREDIT CARD?
The card works the same as any other Switch or Solo card. Accounts are pre-loaded for a specific amount, while still being backed by Maestro/Visa Electron for near universal acceptance. There is no line of credit and accounts are only good for the balance applied.
WHAT IF I HAVE A BAD CREDIT?
Credit is not a determining factor when issuing the Prepaid Debit Card. All applicants are accepted, regardless of their credit history. There is no credit check performed with any credit referencing company and the card is therefore available to all. This opens up an opportunity for those who are normally declined mainstream debit/credit card facilities due to adverse credit, low credit score, or lack of credit history.
WHERE CAN I USE MY CARD?
The Prepaid Debit Card works just like a normal Maestro/Visa Electron card. You can use the card to make purchases on the Internet, in shops, restaurants, petrol stations, for hotel bookings, and to withdraw funds from ATM machines worldwide bearing the MasterCard, Visa or Cirrus logos.
CAN I RECEIVE MY CARD WITH MY BUSINESS NAME ON?
Cards are embossed with a first and last name and issued for personal use only which means there is no option for secondary cards sharing the same account. However discussions are in place to eventually have an option for the provision of a card in a company name.
HOW LONG DOES IT TAKE TO GET THE CARD?
It takes approximately 10 days for your card to be sent to you after we have received cleared payment and the identification requested from you upon application. Your Global Prepaid Debit Card will be shipped to you via First Class Mail, and your Personal Identification Numbers for ATM and WEB access will arrive 3-5 working days later, also through First Class Mail. Your Global Prepaid Debit Card is sent active and ready for you to load funds onto.
WILL I RECEIVE A MONTHLY STATEMENT?
Since the CARD is a prepaid card and there are no monthly payments, you will not receive a monthly statement. However, you can access your card account information online.
WHAT IS MY SPENDING LIMIT?
Your spending limit is equal to the funds you place on the card.
WHAT ARE THE CARD FEES?
With normal credit cards, banks make their profits based on the interest charges being paid on card balances. For the Prepaid Debit Card there are no interest charges, but there are small charges for particular card uses.
WHAT DO I NEED TO KNOW?
There is no credit check
the card is available to international clients
the card is issued and endorsed by premier banking institutions