JAMpr Ltd

‘Jingle’ all the way with my Travel Cash

Press Release   •   Nov 08, 2011 13:12 GMT

Britons who travel abroad or visit overseas websites for their Christmas shopping needs could pocket an accumulative £8.6m as my Travel Cash- the prepaid MasterCard® currency card – gives its customers the gift of cashback.

 

my Travel Cash recently added a fantastic reward for all customers - 1% unlimited cashback on everything purchased, paid directly to the prepaid card account the following month after it has been used.

 

Research from Santander shows that the average Briton will spend £359 on Christmas presents, with 4.2 million spending 23% of their budget abroad and a further 4.2 million spending 35% of their Christmas budget on overseas websites[i] – collectively amounting to £8.6m in cashback rewards should they all use a my Travel Cash currency card.[ii]

 

As purchases made in cards’ currency are also free[iii], shopaholics can feel confident when playing Santa for their loved ones this Christmas. The cashback earned is only limited by how much the cardholder spends – no hidden tricks or complicated rules just great value, commission-free rewards, back on the card in time for mid-term break in the sun.

 

Myles Stephenson, CEO my Travel Cash, comments:

“More and more people are heading abroad to European Christmas markets or further afield to New York or L.A. There is also a large percentage of the population who purchase from overseas websites.

 

“For both types of customers, my Travel Cash not only offers a competitive exchange rate but we go that bit further to ensure our customers are rewarded. We introduced the 1% cashback this summer and it is now a permanent feature on our cards.  Additionally, we have also scrapped ATM withdrawal fees on all three of our cards[iv], and to top it off, our customers aren’t charged  any commission either.”

my Travel Cash (www.mytravelcash.com) offers three prepaid MasterCard cards in Multi-Currency (Sterling), Euros and US Dollars. The cards work like a pay-as-you-go mobile phone, you load them with money before you travel and top them up when needed, meaning you only spend what you load – great if you need to stick to a budget when abroad.

 

The Express Delivery option means you can get yours in time for your trip, unlike other prepaid currency card providers that can take between 5-10 working days. Order your prepaid card and take advantage of the competitive exchange rates at www.mytravelcash.com.  Then, simply take it with you when you go.

 

[i] http://money.uk.msn.com/news/money-news/articles.aspx?cp-documentid=155444402

[ii] based on the Euro card being used for Euro transactions and the US Dollar card for US Dollar transactions. All cards incur a 2.99% foreign exchange fee for transactions not in the card’s currency. The Multi-currency card incurs a 2.99% transaction fee for all transactions made in GBP.

[iii] Euro and US Dollar card only

[iv] Whilst my Travel Cash doesn’t impose any ATM fees, some ATMs and banks may impose their own surcharge fee.

Designed to be a cheap alternative to using normal credit or debit cards abroad, very competitive exchange rates and 0% commission on orders and top ups.  The cards also benefit from Chip & PIN protection and no link to your bank account.

 

The Express Delivery option allows cards to be delivered in just 2 working days and is free for orders over £700.  Visit www.mytravelcash.com for information about terms, fees or to order a card by completing the quick order process.  The commission-free cards can be used at over 32 million merchants and any of the 1.5 million ATMs worldwide that display the MasterCard Acceptance Mark. my Travel Cash also offers a currency home delivery service.

 

MasterCard® is a registered trademark of MasterCard International Incorporated. The my Travel Cash prepaid MasterCard is issued by Newcastle Building Society (“NBS”) pursuant to license by MasterCard International Inc. NBS is authorised & regulated by the Financial Services Authority as an issuer of e-money (registration no 156058).