Financial Institute Cuscal has stated on their website that Bopo Prepaid VISA customers will be able access their BOPO funds. The company is working to facilitate customers wishing to withdraw funds from their BOPO accounts, BOPO cardholders are advise customer to do so promptly.
Our latest review of the Ikobo service and prepaid Visa Card review can be found here (Ikobo prepaid visa card). The review gives you a break a down of the key features of the Ikobo money transfer service and fee structure for using the Ikobo prepaid Visa card.
The latest Dolly Bopo Visa Card review can be found here. The review gives you a break a down of the key features and fee structure for using the Dolly Bopo Card. Bopo has been running several print and online campaigns the teen magazine as it continues to become the brand leader for under 18’s looking for prepaid visa cards.
The latest Cleo Bopo Visa Card review can be found here. The review gives you a break a down of the key features and fee structure for using the Cleo Bopo Card.
The latest MTV Bopo Visa Card review can be found here. The review gives you a break a down of the key features and fee structure for using the MTV Bopo Card.
The latest Pink Ribbon Bopo Visa Card review can be found here. I’ve posted an article previously about the Pink Ribbon Bopo Card. The review gives you a break a down of the key features and fee structure for using the Bopo Card.
With uysthe success of the MTV Bopo card and their support for the Nation Breast Cancer Foundation, Bopo has now aligned itself with another major Australian E-commerce website Buytradesell.com.au. They have become an authorized representative for the Bopo Prepaid Visa Card which now offers their members the opportunity to purchase their own prepaid visa card for use on the buytradesell.com.au website or any other online retailer.
The New Buytradesell Visa Card offers all the great features of the Bopo Visa cards which allows those under 18 to obtain their very own prepaid visa card.
For more information about the Buytradesell Bopo prepaid visa card.
This Prepaid Visa card comparison table gives you an idea of the fee schedule for each card.
The table compares 2 prepaid Visa cards. The Bopo MTV Visa Card and the My Canvas Card. The following Prepaid Gift cards are also compared. The ANZ PrepaidShop and Wish Come true.
Based on the comparison, The Bopo / MTV Visa Cards offers the better deal by far for general prepaid visa cards. The no monthly fees on the Bopo / Mtv Visa Cards gives it the edge over the My Canvas Card. Take a look and see if the Bopo / Mtv Visa Card is right for you.
It would be interesting to see the Bopo / Mtv Visa Card compared against a low rate credit card and debit card.
This is an interesting question that’s currently being debated over the internet as financial institutions target their marketing strategies towards the youth market with student focus credit cards. Financial Institutions understand that the youth market is one of the largest driving forces for spending, but
I believe the really question is, are the teens ready to handle the responsibility of a credit card. With surveys from the US seems to indicate teens not ready yet, in a recent poll found 11% teens acknowledge that their parents make the monthly payments. 15% had made the minimum repayments and 2% had intentionally missed their monthly repayments. [Article can be found here]
Just based on the above results show that there’s a serious need to educate teens about financial planning and personal accountability. Though Parents need to follow suit and show a little bit of Tough Love no use having systems in place when Mom and Dad continue bail their children out of debt.
Where do prepaid cards fit in?
I see the prepaid credit cards being little like training wheels on my first bike. Teens gain access to all the features of a credit card, their own card, freedom to make purchases online and offline. With the only risk involved being zero balance, though teens begin to understand the value of money.
The magic bullet comes back to education, as soon as Teens understand the value of money they’re spending habits will change.
Read more about Giving Teens Credit
In a recent survey in USA conducted by The Network Branded Prepaid Card Association (NBPCA), has found that early users of re loadable prepaid cards had positive experiences with the reloaded prepaid cards and that the service had offered a solid value.
Consumers that were more likely to pay for goods and services with cash, recognized the positive improvements when testing the prepaid credit cards as they began to understand the benefits of the service, security, convenience and the control.
The NBPCA expect to see a great card acquisition amongst this target demographic.
Read more about the Consumer expectation survey here
Wanting to gain a more dominate brand within the youth market, Bopo prepaid cards has announces that they have enter in to agreements for MTV to promote and distribute a co-branded Mtv prepaid visa card. The MTV bopo credit card is being promoted using MTV’s television network and website, targeting the youth market. The agreement is for a term of 5 years and is designed to strengthen the appeal of the bopo prepaid Visa card to this demographic.
With more than 24 million locations and over 924,000 ATMs Worldwide, you could enjoy the freedom Pre Paid VISA cards has to offer.
Well for this Frugal Shopper it does sound like a good deal, shop anywhere around the world, use it online and the lack of credit card interest rates makes it appealing. You only spend the money that you load into it…right?!?… how does it really compare when we add up all the fees.
We’ve decided to put it all together for you, so you can decide whether the Prepaid VISA credit card is right for you.
With many of the Australian Banks starting to offer some type of prepaid credit card and pre paid gift cards (We’ll tell you the difference) we should start to see a variety of Prepaid Card on offer for Australian Cardholders.
