From: "Swampy Bogtrotter" 
Newsgroups: uk.legal uk.finance
Subject: Re: Companies with webcards that are student friendly?
Date: Tue, 21 Nov 2006 14:48:24 GMT

sk8terg1rl wrote:
> Swampy Bogtrotter wrote:
>> sk8terg1rl wrote:
>>> mogga wrote:
>>>> On 21 Nov 2006 05:52:31 -0800, "sk8terg1rl"
>>>>  wrote:
>>>>
>>>>> I tried applying for Cahoot's webcard but they didn't want to take
>>>>> me on (despite going through the appeals procedure) because, not
>>>>> surprisingly, my income band is <£15k p.a. as a student.
>>>>
>>>>
>>>> What's a webcard?
>>>
>>> AIUI, a webcard is a card that can only be used once with a
>>> pre-determined upper limit set by you. So it effectively is a new
>>> card per transaction. So if a merchant is less than sterling or
>>> your card details fall into disreputable hands somehow, you have
>>> little to worry about.
>>>
>>>> And why don't you want a card from the nka you have your main
>>>> account with?
>>>
>>> The bank my main account is with does not offer webcards. In fact I
>>> almost never put my Debit card in my purse as it would allow
>>> criminals direct access to my bank account.
>>
>> Try these guys
>> http://www.mycashplus.co.uk
>
> Thanks for the info.
>
> That looks like the equivalent of a debit card with a pre-paid "upper
> limit".
>
> I don't see how that would be better than a credit card as the
> consumer wouldn't be covered by the Consumer Credit Act and credit
> cards have upper limits anyway.

You have the same protection that you have with any other Mastercard.
Plus, it works in exactly the same way as a pay-as-you-talk mobile phone. If 
you don't put credit onto it, you can't use it, and neither can a thief. End 
of story.
So if your worried about getting fleeced, you just load it with small 
amounts at a time. Whatever amount you need to spend.
They have 2 plans you can choose from. you can either pay a £5 charge every 
month, or else pay £1 on each transaction. It really depends on how 
frequently you're likely to use it.

-- 
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