Foreign exchange group Moneycorp, who you will be familiar with if you travel from Gatwick, Stansted, Southampton, Southend or Bristol on a regular basis, has launched a new prepaid explorer Mastercard for holidaymakers.
As a special offer, Moneycorp is offering a £20 bonus to new customers who order a card and load it with at least £50.
Full details are here. This deal is branded as a Facebook offer because it is primarily being promoted on there. Moneycorp has confirmed to me in writing that anyone who applies via this link will definitely get the bonus despite not clicking through from Facebook.
The explorer Mastercard can be operated in £ or six foreign currencies:
- Pound Sterling
- US Dollars
- Australian Dollars
- New Zealand Dollars
- Canadian Dollars
- South African Rand
If you have a balance remaining on the card after your trip, you can convert it into a different currency in preparation for your next trip.
There are no foreign exchange fees when using the card as long as you are buying something in the same currency which is loaded to your card.
The full list of fees which do apply are here. You will not incur any fees if you do not use the card at an ATM, use it in the UK, or use it in a different currency to the one loaded on the card. There is no fee to order the card.
The exchange rate used to load the card is the same as that used by Moneycorp for online foreign currency orders. In a test yesterday it was offering me €1.1565 per £1.
Some people like the security of prepaid travel money debit cards. Regular readers of Head for Points will know that I am personally not a fan because it is an extra level of complexity over using your standard credit or debit card. However, the incentive of a free £20 credit for ordering a £50 card means that this is a good opportunity to give them a try.
You must be a UK resident aged 18+ to apply and you can only order one card per person. Cards take 7-10 days to arrive. You can change the PIN at any UK ATM.
The ‘free £20’ offer is available for applications until 31st August. The application page is here.
PS. The small print says that the £20 free credit may take up to 90 days to be added to your card, so do not expect it immediately
Want to earn more points from credit cards? – March 2021 update
If you are looking to apply for a new credit or charge card, here are our March 2021 recommendations based on the current sign-up bonus.
Until 9th April 2021, American Express is running the biggest sign-up bonuses ever seen on a UK payment card.
You will earn 100,000 Membership Rewards points on American Express Business Platinum (apply here) and 50,000 Membership Rewards points on American Express Business Gold (apply here) which is FREE for your first year. Points transfer 1:1 into Avios. Here are links to our reviews:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:
British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these:
American Express Business Platinum
100,000 points sign-up bonus – SPECIAL OFFER TO 9th APRIL – and a long list of travel ….. Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.