ClearCash Prepaid Card Review | Prepaid365

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ClearCash Prepaid Card Review 4.5 Stars

2 different tariffs, Creditbuilder, Direct Debit, Standing Order and Bill Payment facilities in addition to Cashback Rewards and Purchase Protection
ClearCash Prepaid Card

Pay Monthly

£4.95
Issue Fee
  • Monthly Fee £9.95
  • UK POS £0.00
  • UK ATM £0.50
  • FX FEE 2.99%
  • INTL POS £0.00
  • INTL ATM £1.50
  • LOAD Free at Post Office or Bank transfer, 3% via E-Pay

Pay As You Go

£4.95
Issue Fee
  • Monthly Fee £0.00
  • UK POS 2.50%
  • UK ATM £0.75
  • FX FEE 2.99%
  • INTL POS £0.00
  • INTL ATM £1.50
  • LOAD Free via Bank transfer, £0.99 at Post Office, 3% via E-Pay
Note: *ClearCash is only open to persons aged 18 and over but additional cardholders can be 13 or over.

Find out more

In addition to the two tariffs, ClearCash Prepaid Cards come with a host of other extra's that include
  • Access to Creditbuilder
  • Ability to set up Direct Debit, Standing Order and Bill Payments
  • Cashback Rewards and Purchase Protection

Visit the ClearCash Website to find out more.

The ClearCash prepaid MasterCard® card and icount is one of the most transparent prepaid card propositions on the market. Available on either a Pay Monthly or Pay As You Go tariff, ClearCash can be used online, in store and at millions of ATMs worldwide, wherever you see the MasterCard Acceptance Mark.

Applying for the ClearCash card is simple and quick, with no credit checks and 100% acceptance*, you’ll receive your own unique account number and sort code in the post when your card arrives. Once activated, ClearCash cardholders benefit from Direct Debit and Standing Order facilities*, up to four additional cardholders*, a credit building tool* and salary and benefits loading. Unlike many prepaid cards, all purchases are covered by a comprehensive purchase protection insurance package on both tariffs.

ClearCash cardholders also have exclusive access to a dedicated cash back site where they receive FREE cashback when shopping online from the catalogue of well-known retailers.

* ClearCash is only open to persons aged 18 and over. Subject to ID verification. Conditions apply.
A clear and simple card design is backed up with a clear and simple ethos. The ClearCash Prepaid MasterCard® card is available with two flexible pricing tariffs (Pay monthly and Pay As You Go) designed to cater for all.

The card also provides a viable alternative to a basic bank account with some excellent extras in the form of Creditbuilder*, advice from experienced money advisors, backed up with free purchase protection insurance and cashback offers from 1000's of online retailers.
The ClearCash card is only available in GBP which means usage abroad will incur an FX fee hence, not really ideal for usage abroad but the cashback discounts and free purchase protection insurance mean that the ClearCash card provides a good overall product proposition.
ClearCash Prepaid Card
Reviewed by Prepaid365 on .
Get financial access with ClearCash
2 different tariffs, Creditbuilder, Direct Debit, Standing Order and Bill Payment facilities in addition to Cashback Rewards and Purchase Protection.
Rating: 4.5

Application Process  4.5 Stars

There are no credit checks, you only need to be over 18 and reside in the UK to apply for the ClearCash prepaid Mastercard card. You can apply online using the ClearCash website or by speaking to a ClearCash representative on the telephone. Additional cardholders can be added to the primary card, and these cardholders can be from age 13 and above.

  • Apply online: Simply select which tariff best suits your needs, Pay As You Go for occasional use or Pay Monthly for routine / frequent use, and fill in the online application form on the secure ClearCash website. The application is straightforward and will take no more than a few minutes. You will need a form of ID to complete the application, either your passport or UK driving licence. Once completed you can either pay online or take a voucher letter to your local Post Office.
  • Apply by Phone: Telephone the ClearCash team and they will take you through the application process.

Once you have applied, your ClearCash prepaid Mastercard will be sent to you in 3-5 days.

Card Features  5 Stars

  • Two amazing tariffs: Pay Monthly and Pay As You Go
  • Direct Debit, Standing Order & CreditbuilderTM facilities
  • Low ATM & POS Fees.

Card Design  4 Stars

There is one funky card design mirroring the ClearCash website, complete with Mastercard branding and embossed silver detailing

Card Fees  4 Stars

With two flexible tariffs to choose from, the ClearCash prepaid card can be tailored to your usage. Choose the tariff that suits you best.

Pay As You Go

  • Card Issue Fee – £4.95
  • Monthly Fee – Free
  • Transaction Fee UK – 2.50% (£0.25 minimum)
  • ATM Withdrawal Fee UK – £0.75
  • Reload Fee – £0.99 at the Post Officem Free via Bank transfer/BACS, 3.00% via E-Pay

Pay Monthly

  • Card Issue Fee – £4.95
  • Monthly Fee – £9.95
  • Transaction Fee UK – Free
  • ATM Withdrawal Fee UK – £0.50
  • Reload Fee – Free at the Post Office or via Bank transfer/BACS, 3% via E-Pay

Account Management  5 Stars

You can service your account on the ClearCash website. Each client has their own online money management facility where they can check balances, set up Standing Orders and Direct Debits and add additional cardholders as well as apply for CreditbuilderTM.

Using Abroad  2 Stars

The ClearCash prepaid Mastercard card can be used abroad at millions of retailers and ATMs, wherever you see the Mastercard Acceptance Mark. A transaction abroad will cost you 2.99% of the transaction value and an ATM withdrawal abroad will cost you £1.50 in addition to the 2.99% transaction fee.

Furthermore, if you use your card in a non-GBP region, you will incur a 2.99% foreign exchange (FX) fee. So use your card abroad wisely.

Reload Options  4 Stars

Funds can be loaded on to your ClearCash prepaid Mastercard in a number of ways:

  • Bank Transfer – Free
  • BACS Transfer – Free
  • At Post Office – Free or £0.99 depending on Tariff
  • At PayPoint – 3.00% of Load value
  • Salary/Benefits Load – Free
  • Cashplus Stores – Free

Customer Services  4 Stars

ClearCash provide excellent customer service that is handled by Cashplus. You can also post a question on the FAQ section of their website and one of the ClearCash team will respond.

Customer Service is open Monday to Friday 8am to 6.00pm and Saturday 10am to 4pm. There are a number of ways you can get in touch with the ClearCash Customer Services team.

  • By Telephone : 08712 775 599 (10p per minute from BT Landlines)
  • Lost and Stolen Cards: 0871 277 5599 (available 24/7)
  • By Post – Card Services, PO Box 466, Salford, M50 2XU

Complaints Procedure  5 Stars

If you are unhappy in any way with your ClearCash Account or ClearCash Prepaid Mastercard card, you should get in touch with the ClearCash team using any of the methods described in the Customer Service section and the ClearCash will aim to resolve your complaint as quickly as possible. Please note, queries will be serviced by Cashplus customer service

You may be able to take unresolved complaints to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR. Telephone: 0845 080 1800 or +44 (0)20 7964 1000 (for calls from outside the UK) and e-mail:enquiries@financial-ombudsman.org.uk

Awards  3 Stars

A proud sponsor of Olympian Boxer Joe Murray; The ClearCash Facility is well recognised by IVA.CO.UK and ClearCash are also an active member of the Debt Resolution Forum. The ClearCash Pay Monthly card has already won a few awards and the Pay As You Go card is clearly starting to make headlines.

  • Best Unbanked Prepaid Card – Winner – Prepaid365 Prepaid Card Awards 2010
  • Best Newcomer Prepaid Card – Runner Up – Prepaid365 Prepaid Card Awards 2010

Overall Rating  4.5 Stars

Intelligent Money Management redefined with the ClearCash Prepaid Mastercard cards.

Get Access to ClearCash now

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What Clearcash Cardholders say...

  • So far so good! Easy to access my account on line, or check the balance at the ATM ecept the nearest local one which is visa and link only! Able to add standing orders to companies at my convienience, make transferrs or use the card as a debit card. Follow up has also been good with a couple of calls to make sure I'm happy with the service and am able to gain access without problems. Much more helpful than my previous TSB bank who I'd been with from childhood....I'm now 55. I've never done internet Banking til I started with Clearcash... They made the transition so easy.

    Anon

  • I have had troubles in getting a bank in the high street, and going through troubles with my debt i was left in disarray with my finances! i found that no high street would touch me with my awful credit rating.. yet when i stumbled upon Clearcash i found it was the thing i was waiting sooo long for! they gave me instant approval and no credit checks, i now have my very little salary paid in (lol) and have child benefits etc put in.. very happy with all at clearcash! best thing is they have an account called Pay monthly, this is helping my credit rating get boosted :) yaaay! 10/10

    Joethedon1958

  • I have had a ClearCash card for a few years now and recently received an email saying they are changing the service. They are now utilising Cashplus who are quite a large outfit but the card is still ClearCash. Simple process to transfer and ClearCash call centre there to help. Cashplus customer service wasnt as good - but answered my queries. Got lots of confidence with ClearCash, unlike others, they listen to your feedback! Now got my own account number and sort code which is really helpful too!

    Gregor123

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