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Post Office travel money card - opportunity

Posted: Mon Aug 12, 2019 1:35 pm
by pabenny
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).

Re: Post Office travel money card - opportunity

Posted: Tue Aug 13, 2019 12:56 am
by AAAlphaThunder
I'm in.

Re: Post Office travel money card - opportunity

Posted: Tue Aug 13, 2019 10:18 am
by blythburgh
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.

Re: Post Office travel money card - opportunity

Posted: Tue Aug 13, 2019 12:01 pm
by pabenny
AFAIK it's a standard pre-paid MasterCard that can be used anywhere.

Re: Post Office travel money card - opportunity

Posted: Wed Aug 14, 2019 5:02 pm
by AAAlphaThunder
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.

Re: Post Office travel money card - opportunity

Posted: Wed Aug 14, 2019 5:29 pm
by pabenny
Q cashback now reduced to £10

Re: Post Office travel money card - opportunity

Posted: Thu Aug 15, 2019 1:13 pm
by im182044
Just used it with the quidco £5 bonus