Clearcash Pay As You Go MasterCard

Clearcash introduces NEW Pay As You Go MasterCard

Prepaid MasterCard providers ClearCash launches a new Pay As You Go MasterCard option as an alternative to its award winning Pay Monthly card.

Launched following customer feedback, the new ClearCash Pay As You Go MasterCard tariff gives clients the option of only being charged when they actually use the card.

Samuel Mond, Operations Director for the card explains,

“For regular card users, the Pay Monthly card saves a considerable amount of money as there are no UK transaction charges.  For people who just want to use the card for a specific purpose, Pay Monthly isn’t the most cost effective option.  ClearCash’s new Pay As You Go card gives everyone the option to choose what’s best for their own financial circumstances.”

The ClearCash Pay As You Go Card costs £4.50 – £5.00 (depending on whether you purchase using card or SMS) and has no monthly fee at all.  UK transaction fee is 2.5% and ATM withdrawal fee of £0.75.

ClearCash Pay As You Go clients will also have FREE access to the ClearCash BudgetMaster, specially designed to help users budget their income and stretch their spend so it becomes the most effective use of their money.  Users can also purchase a year’s worth of Purchase Protection offering cover up to the value of £1500* at a cost of 83p per month – currently free with the pay monthly card option.

Purchase Protection Insurance is offered free of charge to ClearCash Pay Monthly clients and at a rate of £10 per year to Pay As You Go clients.  This Insurance is an annual cover, and therefore must be renewed at the end of the 12 month contract should clients wish to extend it.
Full details of the Purchase Protection Insurance offered are below:

30-day Purchase Protection
Theft and Accidental Damage coverage for any item with a value greater than £50 purchased on your prepaid card in the UK for 30 days from the date of purchase (secondary coverage only).

Repair or replacement
£1K single item limit, £10k for any one event, £25K annual limit
Exclusions do apply

30-day Price Protection
If you make a purchase on your prepaid card in the UK and then find the same item at a cheaper price at any retail store anywhere in the UK then the policy will refund the difference. You must discover the cheaper price within 30 days from the date of purchase.
Claims for items less than £25 and greater than £250 excluded
Exclusions do apply

Extended Warranty
12 months mechanical breakdown coverage beyond the manufacturer’s warranty on domestic electrical goods purchased in the UK on the prepaid card.
Repair or replacement
£1K single item limit, £5k annual limit
£50 excess

© 2010 ClearCash Limited, Nelson House, Park Road, Timperley, Cheshire, WA14 5BZ: Registered in England No. 2441375. Account opening fee payable. Proof of identity will be required. The ClearCash prepaid MasterCard is operated jointly by Payment Card Solutions (UK) Ltd and Quantum Card Services Ltd. MasterCard is a registered trademarks of MasterCard International Incorporated. The CARD is issued by Newcastle Building Society (“NBS”) pursuant to licence by MasterCard International Inc. NBS is authorised and regulated by the Financial Services Authority as an issuer of e-money (registration no. 156058).

Payment Card Solutions (UK) Ltd operates the ClearCash solution in conjunction with their partners Quantum Card Services Ltd. The ClearCash prepaid MasterCard is issued by Newcastle Building Society.

About Newcastle Building Society

Newcastle Building Society is the biggest building society based in the North East and one of the strongest mutual building societies in the country.  With assets under management of over £4.5bn we are certainly large enough to cope but small enough to care deeply about the needs of our members.  We are committed to providing a range of innovative and attractive products and services.

The Newcastle Building Society is committed to remaining mutual and by doing so we feel we are better placed to continue to provide our investors with the quality of service expected from one of the country’s strongest building societies.

The Society is a MasterCardâ Principal Member, with the most MasterCard approved prepaid programmes in the UK. We hold a SEPA licence and have live programmes in the UK, Ireland, Germany, Belgium, Poland, Spain and Italy.

Tags:  clearcash, clearcash pay as you go, pay as you go mastercard, prepaid mastercard