Want to give the kids a debit MasterCard, or like me don't like buying things online with a card attached to a bank account. Load up this weekend with no card issue fee.
Reloadable Prepaid Mastercard - No Fee Save $9.95 at Woolies This Weekend Only
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good pickup
There's some weird ones in there!
cancellation fee?
You need to prove who you are, which means you not only need to know who you are, but be able to prove it.
Australia Post have a pre-paid credit card offering as well (Visa), and you don't need to remember who you are:
http://auspost.com.au/personal/loadandgo-reloadable-prepaid-…The fees, taken as a whole, are probably better with the OzPost deal as well.
Edit #1:
BTW smart move from OzPost - encourage those people who would otherwise not purchase online to do so - means more packages for delivery which makes OzPost $$.
Edit #2:
Check out the OzPost card fees here.
Edit #3:
I've compared the fees, and the OzPost offering is definitely better.
I'd definitely be getting this one over the Woolies one.
If you make a lot of small purchases ($1 ones) over a long period of time (say 3-6 months), Woolies reloadable card option B might provide better value for money if you reload with a decent amount each time (so it lasts you a few months).
These reloadable cards take money from you either via transaction fee or everytime you reload. They are suited for buying hard to resist bargains online from a seller which does not support Paypal nor direct debit.
Infinite money????
Initial outlay is $950, assume you know where to get 5% off Wishcard
1. use $950 cash to buy $1000 Wishcard (Wishcard=$1000)
2. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1000)
3. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$50)
4. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1050)
5. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$100)
6. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1100)
7. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$150)
8. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1150)
9. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$200)
10. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1200)
11. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$250)
12. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1250)
13. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$300)
14. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1300)
15. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$350)
16. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1350)
17. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$400)
18. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1400)
19. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$450)
20. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1450)
21. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$500)
22. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1500)
23. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$550)
24. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1550)
25. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$600)
26. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1600)
27. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$650)
28. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1650)
29. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$700)
30. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1700)
31. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$750)
32. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1750)
33. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$800)
34. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1800)
35. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$850)
36. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1850)
37. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$900)
38. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1900)
39. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$950)
40. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$1950)
41. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1000)
42. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2000)
43. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1050)
44. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2050)
45. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1100)
46. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2100)
47. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1150)
48. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2150)
49. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1200)
50. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2200)
51. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1250)
52. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2250)
53. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1300)
54. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2300)
55. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1350)
56. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2350)
57. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1400)
58. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2400)
59. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1450)
60. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2450)
61. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1500)
62. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2500)
63. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1550)
64. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2550)
65. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1600)
66. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2600)
67. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1650)
68. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2650)
69. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1700)
70. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2700)
71. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1750)
72. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2750)
73. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1800)
74. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2800)
75. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1850)
76. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2850)
77. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1900)
78. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2900)
79. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$1950)
80. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$2950)
81. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2000)
82. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3000)
83. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2050)
84. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3050)
85. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2100)
86. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3100)
87. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2150)
88. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3150)
89. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2200)
90. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3200)
91. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2250)
92. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3250)
93. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2300)
94. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3300)
95. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2350)
96. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3350)
97. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2400)
98. use $1000 Wishcard to load $1000 into Mastercard (Mastercard=$3400)
99. use Mastecard to buy $1000 Wishcard for $950 (Wishcard=$1000, Mastercard=$2450)
and so on….Nice try, but they thought of that. Wish cards cannot be use to load prepaid MCs.
I'd give this more than one positive vote if I could. Here's a man with way too much time on his hands. Plenty of cutting and pasting, I imagine, but what a mighty effort!
I think he wrote a short script … OB is awash with nerds.
Like greenpossum mentioned, you cannot use gift cards or other credit cards to load a prepaid master card. Efpos (Savings/Cheque account) or cash only.
Okay. But is that enforced? Is there an exception or a loophole?
Put your ozbargain cap on.
Why wouldn't they enforce it? They knew this could be a loophole when they designed the gift card and specifically put this in the terms. Any purchase that could be used to directly or indirectly load or buy a gift card with money left over is blocked. So they made it such that gift cards can only be used to purchase goods or services directly.
IT people aren't the only ones who know about recursion.
POS system won't let you do it.
Work at Woolies :(
Why did you stop? Now we don't know what happens after 99.
Prepaid Master Cards. The preferred choice of criminals everywhere.
… and those who not so much have something to hide, but nothing to show.
Reloadable cards require ID. Any crook who used one would have to be a complete moron.
I should've been more specific: reloadable cards require ID if they can hold a balance of $1000 (which is every one I've seen before, although apparently not the Australia Post one - it's limited to $999 at a time, which is fair enough for how most people would use it).
Anyway, the Australia Post card still requires a mobile number to receive your PIN, and getting a mobile requires presenting ID for submission to ACMA.
I'd imagine the bad guys will stick to non-reloadable cards or (more likely) plain old untraceable cash.
reloadable cards require ID if they can hold a balance of $1000
Do you know the legislation that covers this? I'm curious.
Anyway, the Australia Post card still requires a mobile number to receive your PIN, and getting a mobile requires presenting ID for submission to ACMA.
That's correct, and when i got one i thought this was how they got around the normal ID requirements. However in reality getting a SIM without an ID is not difficult - Coles/WOW are flush with them & the one selling it to you doesn't always know what they're meant to do. The other operators such as Dick Smith, Telstra/Optus/Vodafone outlets are a lot more on the ball.
I'd imagine the bad guys will stick to non-reloadable cards or (more likely) plain old untraceable cash.
Yes - the fraud exposure for this stuff is fairly limited. Most will use your or my named card that they've skimmed or obtained via a hack, or just cash if that fits what they are seeking to do.
Cheaper in the long run to get a no fee bank account with visa debit.
Also, if you get this, don't expect to have your card in much less than about 3 weeks. They are soooo sloooow.
Incidentally, I think your title might be a bit misleading for some. The fact that you don't have to fork out the $9.95 just to get the card makes the card free, save $9.95. There are ongoing fees that you're going to have to pay to use the card.
Tend to agree with you, the words 'mastercard - no fee' tends to trigger hallucinations of no ongoing fees.
I give this a negative … the people picked up on the right things already.
Account keeping fee or reload fee (depending on the option), renewal and CANCELLATION fee make this a deal I do not support due to hidden fees.Esp. the cancellation fee is something which should be illegal - why not charge this at the beginning.
Debit cards are usually free with a bank account. The banks/CC companies make enough money with transaction fees.
It's cheaper buying a CANVAS reloadable VISA card from Australia Post shops as it's $7.95 to purchase. But there is a monthly management fee and reload fee involved.
There is another option like that Australia Post Load&Go reloadable VISA card mentioned previously. No monthly fee and reload fee on that card. It's the one i use at the moment and it's the best. Note you do need a mobile phone number to obtain one of the Load&Go cards because the ATM/EFTPOS PIN number is sent through SMS.
BTW thanks OP for posting. I didn't know there were so many pre-paid credit card offerings out there.
From looking at the restrictions on some of them, i might go off and get another of the load&go cards before they start fiddling with their T&C's (I hate showing ID's for a start).
I'm still somewhat paranoid about using credit cards for online purchases. Heard/read too many horror stories. I opted at the outset for a Virtual Visa Card, and having bought many, many cards have found the process largely seamless. Note that there is no physical card, so intended solely for online purchases. Only real downside I have found is that each 'card' has a nine month expiry date so you have to be vigilant about using up remainders so they don't get snaffled. Easy enough to do courtesy of all the little gadgets on the free-ship China sites, but buying songs is another option. Here are the very basics:
Each card costs $5.50.
No ongoing fees.
Maximum load $1000.
Loadable via BPay or cheque.If your bank has a fee-free visa (or mastercard) debit card, wouldn't it be easier to simply open another account and transfer to it only what you need when you want to make an online purchase, if you don't want to use Paypal?
Being the same bank, the transfer would be instant, so you wouldn't need to keep anything in there most of the time and it would cost you nothing.
This is a great deal for AUS but can anyone recommend a virtual US prepaid debit card for free or with low fees.
I personally think the load&go card is the best thing since they learned to slice bread.
But yes, you need to understand:
There are fees which you need to read in order to avoid the bigger ones. If you manage your usage the main ones you'll encounter are (a) 0.09 per transaction capped at 0.99 per month (SFA); (b) FX conversion fee of 3% (generally use conversion rates provided by the website except perhaps for Amazon). Apart from that, provided you register online so you can see your account history (yes, can take time to update individual transactions) the other fees can either be avoided or are rarely incurred.
Most staff at AP won't know too much about the card & how it operates.
You may have some trouble getting onto customer service by phone if the experience of jorgen266 is representative.
You will need to keep track of the expiry date of the card & either pay the re-issue fee of $15 or simply transition to another card for a cost of $6.95 (yes, you have to put $20 on it but so what?).
If you do all this then you can effectively:
Shop online anonymously - you can also create a PayPal account for it.
Absolutely limit your liability for potential loss by limiting what you put on the card.
Reduce the risk of ID fraud (one of the great growth areas) as you are not using your own named credit or debit card.
Yes, you need to provide a phone number. Don't want to use your main phone? - then get a Vodafone prepaid & cheap Nokia & run that for $20/year.
Until this came out i did not shop online because of the security & ID risks involved.
Now i've squeezed $1500+ through one and have more Cree torches than i know what to do with & developed a moderate addiction to OB.I love bread, and i love it when it's sliced.
can anyone confirm if you can order this online today free and have it delivered by post free? if its not a requirement to load it up to activate it then it will be a great way to subscribe to those websites that require a credit card like quickflix and itunes etc?
Just be aware that not all sites will accept pre-paid credit cards.
You might want to check with specific sites first.
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