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Prepay Card Review Directory
BREAD Prepaid Maestro® Review
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Which Prepaid Summary Date Reviewed: March 2008  What's Good So, what’s good about the new BREAD Card? Is it really the best thing since sliced bread? Well, If it were a case of comparing a Tesco standard Value loaf, with a Tesco finest one, then the BREAD prepaid card would be somewhere in the middle, but edging towards finest. With no monthly fees, and the facility to load up to £3500 for 25p, you are left scratching your head waiting for the catch? What's not so good? The catch comes in the form of a card usage fee of 2%, which is added to purchase transactions made using the card. So, if you purchase a new toaster for £25, a fee of 50p would be added and charged to your account. This is certainly not uncommon amongst “non monthly fee” prepaid cards, where either usage or top-up fees are applied. In fact, most other pay as you go prepaid cards charge a fee of 2.95% or 3%, so BREAD is more cost effective than most. The BREAD card can be reloaded with up to £3500 from as little at 25p, if the reload is made via BACS/standing order. However, if you choose to reload your card with cash at a Paypoint participating retailer, this is subject to a fee of 3%, but funds are almost instantly credited to your BREAD account. But, be warned that if you need to speak to a BREAD card call centre representative, you will be charged 80p per minute for the privilege. |
Key Features 
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Application Process  The BREAD Prepaid Maestro application process if very simple, but you will need a driving license or passport to apply. Once you have entered all of your details, you can pay your £10 card issue fee via credit or debit card, or real-time by SMS Text Message. |
Card Designs  3 card designs are available, so one of them is sure to be to your taste. | Fees  The BREAD card remains reasonably competitive compared to other pay as you go prepaid cards. You will not be charged a monthly fee, and can reload your BREAD card for as little as 25p, via BACS, payroll or standing order. You can also reload via PayPoint, but this is subject to a fee of 3% of the amount reloaded. The UK ATM cash withdrawal fee is also competitive when compared to other prepaid Maestro cards, and is currently set at £1.50 But, remember that UK purchase transactions are subject to a 2% fee, so for every £10 spent, a fee of 20p will be charged. |
Self Servicing Comprehensive website self servicing options including: Order replacement card, Order replacement PIN, Update your details, Send an email question to customer services Dispute a transaction, View all of your transactions, Top up your account, Report your card lost or stolen The Bread Card is issued by Newcastle Building Society pursuant to licence from MasterCard International Incoporated or its affiliates. Newcastle Building Society is authorised and regulated by the Financial Services Authority |
