Vancouver Forum: Any Prepaid Credit Cards Available?

www.tns-prepaid.net is a scam, I sent in an application and a MO and got a phone call saying they needed proof of my existance such as a photocopy of my driver's license. I said thanks but no thanks. Probably just trying to get 411 on people.

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Hi Uhh,

TNS Prepaid Financial Corp.  is deffinately not a scam, the Prepayedge prepaid MasterCard is new to Canada and if you read the Terms and Conditions it mentions that proof of identity may be required and this is just for address and identity verification.  I applied for the Prepayedge MasterCard and I also had to give proof of identity and I sent it in and got my card a few days later.  If you look into the the company the main company is a well known company called TNS Smart Network and they have been around for years. Did you send in your identification , and if you didn't than how can you say it is a scam?

Hi Tim,

If you read the FAQ of the Vancity Visa Gift Card,  this card is not reloadable, vice versa the Prepayedge prepaid MasterCard is reloadable and you can put up to $2000 on the card.  Please go to the website www.prepayedge.ca before you say that this is a scam and read the facts.

Well he told me to send in a copy of my driver's license then he gave me a number I assume it's a fax number. I'm hesitant about sending a copy of my license, if it's a prepaid card and totally dependant upon me for the actual funds on it than there is no risk right? Just send me the card, I put my correct address on the application.

Should have a scam list

I just ordered the prepay edge. they did want me to send them a copy of my drivers licence so i did. I think its just to protect against identity theft. but anyways they spelt my name wrong. So i hope it doesnt come all screwed up on the card!

ProjectoR

Posted - 10/21/2005 1:22:01 AM hows that thing goin for you al? im sorry  you brought it to yourself man.............ill tell your mother  you died  saving a young child  from a vicious friut fly

WTF are you talking about, asswipe?  icon/icon_smile_angry.gif

The link I provided is a bona fide offer from Capital One. It's one of the only offers I know of that doesn't have any of the BS fees associated with other card offers. And no, I'm not affiliated with Capital One and wouldn't derive any benefit if anyone applied for a card from them or not.

Explain your comment when all that crack you've been smoking has worn out. icon/icon_smile_dead.gif

seems like some prepaid credit cards actually help to build your own credit history since cc companies ask for your identification... ???

a few prepaid cc even say it will help to build credit...

what do you think?

Hi everyone
I am replying to the first post... I had a hard time reading through the whole thread. If you work full time, spend the $75 for a card through Capital One. My God! You get it back anyways. Although there is a service charge each year of $59.
My story. I couldnt get credit to save my soul. I find the following very funny. I got a secured Visa in Canada through CIBC for $200. I emphasize that I was turned down OVER and OVER again everywhere even though I was working full-time. I waited 6 months and applied for a Canadian Tire card. I got $500!!! Then I applied for Ikea. I got $500. I applied for Zellers, I got $200. lol. My Canadian Tire after one year upped the credit to $1000. So did my Ikea?! I got a Sears card next~$500. Which upped to $1000. It keeps going. So, get at least a secured card. I dont know why, but it worked for me. Even if you have to spend a measly $75 it works.
Good Luck!

BTW: (I started reading more on the thread)
My friend who went bankrupt 6 months ago, who hasnt been discharged yet, went with Capital One. She paid the $75 and got her card last week.....with a credit of TWO HUNDRED DOLLARS! I was surprised. Its a secure card but she got more than what she put down! So I would suggest it no problem!
As well, I have a Paypal acct. Its good for Ebay etc, but I hate Ebay so I closed it down. My friend opened his account and wanted to see if it worked so he sent me $10 through Paypal, they took $1!!! I sent the $9 back and I got charged $1..... Blah forget it!

put like 1k on gic and then get a credit line to build your credit? coast capital.

all cdn banks issue them?

From working in the banking field I can say this:

  If you have weak, bad or no credit, start with a secured card with either Vancity, Home Trust or Capital One. Forget pre-paid visa cards as they will do nothing for your credit b/c it's exactly the same as having a debit card - no money, no purchase. Capital One probably requires the least amount ($75 and up) of collateral, although they do charge a $59 annual fee. In my opinion it's worth it if you can't afford a large security deposit or in real need to build/rebuild your credit. Having bad or no credit can affect whether you get a mortgage or not.  Don't apply for too many cards and if you do get approved you would need to use it for at least 2- 3yrs with no delinquencies. After you maybe able to get it unsecured or apply for one. Forget getting an unsecured card if you have had any write-offs, collections or bankruptcies. You'll need to wait at least 6 years in BC from the date of last activity or discharge (bankruptcy) before these items drop from your bureau.

Another option is to apply for a small loan which will need to be fully secured. Loans can be as low as $2000. Use it and make sure you make your monthly payments. This method is also very effective.

Prepaid Visa giftcards can be found on www.vancity.com/mytreat

get mycard (www.mycard.ca)

very simple, go to a store buy it
wait 7 - 10 days
get the card call activate it
(comes with 10 dollars on it)
and load it when u want

I got one, works good worth getting it

mycard  ----Is it free?

From working in the banking field I can say this:

  If you have weak, bad or no credit, start with a secured card with either Vancity, Home Trust or Capital One. Forget pre-paid visa cards as they will do nothing for your credit b/c it's exactly the same as having a debit card - no money, no purchase.


this is true.pre-paid are like debit cards...they do not build a credit history.

yes there is a site where you can get a prepaid master card.
www.netspend.com
if any further questions email me @ armond183@yahoo.com

MyCard exposes you to fraud....they want you to hand over the money and my card when they load it....how stupid can you be.

load money at home...no fraud

I got a VISA when I was 18, and no job.  Is that cause I'm a student?  My limit is even 5 grand.

didn't even need a cosigner

 ¡è  u lucky lucky u so lucky~! ¢Ü

don't card companies send u cards without u asking?

I called Money Mart. They now have prepaid Mastercards. Fee is 31.50 plust tax, which includes a 10 dollar load to your card. The fees are reasonable, and you get the card right on the spot. No waiting two weeks to get it in the mail. And Money Mart is a legitimate company. You aren't buying off the internet from people you never see. Who may end up scamming you. I'm going in Thursday to apply for a card to see if this is as good as it sounds, and will let you know what happened.

Prepaid credit cards don't build your credit rating and Capital One is the worst company in the world to deal with unless you are pristine in your management of the card. If you don't own a car, buy a used vehicle as most car dealerships have oodles of financiers. Start with a line of credit on your bank account and maintain that and build a relationship with your bank - ask them your question below and they will work with you. Credit isn't really credit - it measures you on what you don't do versus what you do. As an individual who has gone from having a pristine credit rating to virtually none due to business startup bumps, it virtually doesn't affect you unless you are trying to buy something ahead of when you can afford it. A prepaid credit card works like a credit card for booking hotels and renting cars or buying online or in-store so it really is all that you should need. I have the prepaid card from MoneyMart ($20 dollars) as part of my market research. The card works fine and you have credit equal to whatever cash you put on the card - check out the fees though - they aren't doing this out of the goodness of their heart. Cash is king is a philosophy I wish I had when I was your age. Curious what people think about a credit/debit card that would reward your local neighborhood purchases and bonus you in the areas of wireless / broadband access or entertainment?

My hubs just brought me the brochures for Money Mart's new prepaid mastercard. Looks good, but the monthly maintenance is a killer: $7.50. Ouch!

Prepaid's are coming to Canada. Yaaaaay!!! But they're gonna make you pay for the convenience. *grin*

Oh . . . to get a Money Mart prepaid Mastercard you'll need to provide 1 government I.D. 1 one picture I.D.

Still can't get over the monthly fee. Argh!!

I don't get why the monthly fees are so high either. But I think as more of these cards come into Canada, these fees will disappear. Just like video rental places have dumped all the extra fees they used to charge. Its called competition.

I need to verify my paypal account and I can't get a credit card because I am not 19 yet(18 right now). I am wondering will the Money Mart Prepaid MC help me verify it?

I think the Money Mart MasterCard should work to verify your PayPal account. It's supposed to act like a regular MasterCard. Maybe call Money Mart and ask them.

As for the fees, I have no doubt that they will decrease as competition flourishes. Now the big question is: Do I want to wait til then? I don't think I could stand the wait (ha ha).

It's amazing how a little card can make such a world of difference to your purchasing options. Scaaary! Shopping on-line has been a nightmare since I had to get rid of my regular credit cards.

Thanks for the info.
I guess I'll get the prepaid MC and get my paypal account verified. Then close the MC. 

Ok I am going to get one of these prepaid credit cards.
I would prefer a Visa but would settle for MasterCard.

I have a PayPal account too.

My question is, where do you see that PayPal offers a prepaid MC???
Don't see that.

Next question in regards to getting a PP card from MoneyMart.. do you have to sign up with MoneyMart? I mean I don't want to csh my pay checks there.. ot interested in that.. just want the card.
ANd don't minds paying $8/mo. that's nothing.
But is tere a fee to load it or anything?
Can I simply get the card and take cash in to load it.
Just courious of the startup fee and ongoing fee's or if I also need to have a MoneyMart account$$??

Your help would be great

Ok went and got a card today at moneymart, totally awsome.