Post Office travel money card - opportunity

Money, investing, mutuals etc
pabenny
Posts: 1602
Joined: Tue Jun 29, 2010 5:21 pm
Has thanked: 438 times
Been thanked: 1315 times
Contact:

Post Office travel money card - opportunity

Post by pabenny » Mon Aug 12, 2019 1:35 pm

Post Office travel money is a prepaid MasterCard that you can load with GBP or major foreign currencies. There are no transaction fees except for cash withdrawals. Minimum top up is £50 with a fee of 1.5%/min £3 if your card is denominated in GBP.

Q currently have £15 cashback (£8.20 here, £8 at TCB). There is a reasonable arbitrage opportunity – Top up with £50 at a cost of £53, and get cash back of £15. Gain £12 (or £5.20 here).

AAAlphaThunder
Posts: 23871
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 182 times
Been thanked: 3112 times
Contact:

Re: Post Office travel money card - opportunity

Post by AAAlphaThunder » Tue Aug 13, 2019 12:56 am

I'm in.
[Secretary] imutual Cashback Investment Club

blythburgh
Posts: 14674
Joined: Tue Jun 29, 2010 7:14 pm
Location: The Far East
Has thanked: 26408 times
Been thanked: 5404 times
Contact:

Re: Post Office travel money card - opportunity

Post by blythburgh » Tue Aug 13, 2019 10:18 am

I take it that you can use it at any place online or off line. I get them at some paid for action sites but send the money to paypal. A bit of a convoluted thing to explain how so will not bore you all here.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

pabenny
Posts: 1602
Joined: Tue Jun 29, 2010 5:21 pm
Has thanked: 438 times
Been thanked: 1315 times
Contact:

Re: Post Office travel money card - opportunity

Post by pabenny » Tue Aug 13, 2019 12:01 pm

AFAIK it's a standard pre-paid MasterCard that can be used anywhere.
Thanked by: kevinchess1

AAAlphaThunder
Posts: 23871
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 182 times
Been thanked: 3112 times
Contact:

Re: Post Office travel money card - opportunity

Post by AAAlphaThunder » Wed Aug 14, 2019 5:02 pm

pabenny wrote:
Tue Aug 13, 2019 12:01 pm
AFAIK it's a standard pre-paid MasterCard that can be used anywhere.
Make sure you use up all of the balance before it expires.
[Secretary] imutual Cashback Investment Club

pabenny
Posts: 1602
Joined: Tue Jun 29, 2010 5:21 pm
Has thanked: 438 times
Been thanked: 1315 times
Contact:

Re: Post Office travel money card - opportunity

Post by pabenny » Wed Aug 14, 2019 5:29 pm

Q cashback now reduced to £10

im182044
Posts: 2
Joined: Tue Jan 29, 2019 11:14 pm
Contact:

Re: Post Office travel money card - opportunity

Post by im182044 » Thu Aug 15, 2019 1:13 pm

Just used it with the quidco £5 bonus

Post Reply

Who is online

Users browsing this forum: No registered users and 2 guests