Related Credit Card Article

"Prepaid credit card launched by Paymex Group current account"

By admin | May 7th, 2009 | Credit Cards

Many of us enjoy the convenience, flexibility, and ease that having a credit card can offer, but not everyone wants or can get a traditional credit card. Some people have such poor credit they cannot get a traditional credit card, and others choose not to have a normal credit card because of the risk of getting into high levels of debt.

This is why many people have now started to look at the option of a prepaid credit cards, which are available to those with poor credit and can also benefit many other people that want to enjoy the convenience and ease of making payments by card.

With a prepaid credit card\ the user simply loads the card with cash, and then uses it in the usual way to make purchases in person, by phone, or online. These cards can suit those with poor credit, who cannot get a normal credit card but want to enjoy the convenience of cash free payments, and they are also popular amongst younger people that are learning to manage their finances and so do not want to risk having a standard credit card that can result in debt.

It has now been announced that the financial service group, Paymex Group, has launched a new current account that actually comes with a prepaid credit card. Paymex is working with the Secure Trust Bank to provide the account, which is called Evolution, and it is claimed that this is the first account of its kind in the UK. Paymex has said that this account, along with the prepaid credit card, will enable consumers to better manage their finances, and the account will be available from this month.

Steve Brilus, Paymex Group managing director, said: “Sharing expertise and experience with Secure Trust Bank, we have developed a simple but robust product that will enable our customers to take control of their finances. The Evolution product offering is wholly transparent, there are absolutely no hidden charges or penalties, in-short what you see is what you get.”

Tags: prepaid credit cards, paymex

Related Articles:

• Kids could benefit from prepaid credit cards

  The prepaid credit card market has been increasing in popularity and value over recent years, and a recent report estimated that that the value of this market was due to rocket by 2010. This could be partly due to the global credit crunch, which has resulted in fewer people being able to get their hands...

• Prepaid credit cards proving popular amongst holidaymakers

  Over recent years an increasing number of people have turned to prepaid credit cards, where the card is pre-loaded with cash in the same way as a mobile phone. There are a number of reasons why people are turning to these cards, and amongst the reasons cited are increased security and safety whilst on holiday...

• Prepaid credit cards should get more popular

  Over recent years the popularity of prepaid credit cards has been rising amongst consumers that cannot get a standard debit or credit card, and also those that are looking to ensure that they keep within a budget yet want to enjoy the ease and convenience of card payments. A number of providers now offer prepaid...

• Prepaid cards could help consumers to minimise the risks online

  According to a recent report an increasing number of consumers in the UK are becoming more and more wary of shopping online using their credit and debit cards, and this is because of the rise in CNP or Card Not Present fraud, which is making many people think twice about shopping online. The level of...

• Prepaid credit cards offered by mobile phone giant

  A leading mobile phone giant has decided to join the prepaid credit card market by launching two new prepaid credit cards for the UK market. The new prepaid cards are being offered through Phones4U, and the cards are designed to cater for different groups of users. The first card is the Escape MasterCard Prepaid Card,...

Other Recent Articles

Use of credit cards declines whilst payday loans increase

It seems that many consumers may have switching from spending on credit card that can sometimes come with high rates...

By Reno | February 10, 2012 | Read More

Useful Tips for Credit Card Holders

Modern technology offers comfort and convenience that is often helpful for people in a fast paced everyday living. With just...

By admin | February 7, 2012 | Read More

Credit card decision by Lloyds could have serious effect on charities

For many years now, a range of leading and well known charities have been able to boost the levels of...

By Reno | January 28, 2012 | Read More

Many have to rely on credit cards to make ends meet

There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items...

By Reno | January 26, 2012 | Read More

Brits increasingly dissatisfied with credit card providers

According to recent reports, Brits are becoming increasingly dissatisfied with their credit card providers, particularly in the case of the...

By Reno | January 20, 2012 | Read More