Caxton FX prepay Euro MasterCard

Discussion in 'Continental Touring' started by Toffs-G, Feb 20, 2011.

  1. Toffs-G

    Toffs-G Read Only Funster

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    Recently applied for and received a Caxton FX prepay Euro mastercard

    Very few charges and quite a good exchange rate when loading up got 1.169 as opposed to the post office cash rate of 1.158 will use it this week when we go to France will see how good it is.

    Apparently can be used in automated petrol stations in France

    Easy to load up online

    We will see
     
  2. moandick

    moandick Read Only Funster

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    Yes, indeed, Gary and Cathy - please let us know how you get on at a filling station if you use it there - very interesting!

    Dick from the BPG
     
  3. ninjayorkies

    ninjayorkies Read Only Funster

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    I had one of these for my 4 months in Europe. Used it as a credit card mainly for diesel and LPG - no problem. Great to be able to withdraw cash with it and not get charged. Only downside I could see was you had to load a minimum of 150 Euros. I ended up with money left on it but I can use it again when we go back.
     
  4. artona

    artona

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    Can you not use it in the UK or is it euros only

    stew
     
  5. Toffs-G

    Toffs-G Read Only Funster

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    You can use in the UK but then you will lose out on the exchange rate having transfered from sterling to Euro then back to Sterling for your purchase

    I use another prepay card for the UK (i don't use credit cards since I had my identity stolen a couple of years ago) which is CashPlus this is a gold mastercard very good.

    www.mycashplus.co.uk

    Hope that helps:thumb:

    Gary
     
  6. Taran_Las

    Taran_Las Funster

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    I've been contemplating getting one of these cards for my trip to France in May. Please let us know how you get on with it and if any problems arise. Have a good trip.:thumb:
     
  7. Xabia

    Xabia Funster

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    Had a Caxton FX card for a couple of years, got fed up paying Barclays in Spain 26 euros every time I paid a cheque into my account there.

    Now just load the card as I need it ny Internet or text, very simple. As it is not covered by the financial services compensation scheme I tend to limit the balance to £500 ish, although I don't really see them as a risk.

    You can load the card whilst abroad and then go to an ATM shortly afterwards and get money out. Exchange rate is always good too, never had a problem when paying for tolls, fuel, etc.

    Mike
     
  8. Welsh girl

    Welsh girl Funster Life Member

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    I was about to apply for one but read that the fee for cash withdrawal non uk is 2.99% plus £2 for using the card so we might as well continue using our mastercard we have already, we have a santander zero card for purchases when we go abroad but thanks for the info:thumb:


    Sorry that was supposed to have been Toffs-g quote !!!!!
     
    Last edited: Feb 20, 2011
  9. Toffs-G

    Toffs-G Read Only Funster

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  10. Taran_Las

    Taran_Las Funster

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    Perhaps I'm reading it incorrectly - but I think it says "International ATM Transaction ZERO per transaction". Although there is a charge for UK ATM usage.


    If I'm wrong let me know.
     
  11. Toffs-G

    Toffs-G Read Only Funster

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    Yes indeed it's one of the reasons for going for them checked out compare the Market

    We will see when we come to use it

    Cheers
    Gary
     
  12. slobadoberbob

    slobadoberbob Read Only Funster

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    I have applied for one

    It was painless applying.. £10.00 up front which you get back when you load your first funds.. passport number, select your own pin number and moible number, debit card number etc., took five minutes ..checked me out against the passport number some how.

    Yes if you have the euro card (US card, Euro and a UK card to decided on) wanted the euro to use it for fuel at automated pumps in for the night runs.

    you have to load 150 euros min.. also there is a shadow hold on funds at fuel stations of 120 euros regardless how much fuel you load.. that stays on the card for up to 15 days.. We have an RV so taking on the max on a pump at night of 90 euros is not to much of a problem.. the transaction sorts its self out over a week or so and you have the differance put back to the card. We will load about 500 euros to play safe.. enough to pay for the fuel at night ..we use cash the rest of the time in any case.

    It looks good from what I can read of it.. we will see if it is good for us. if not we will use what we can and then close it if not. It has its good points like the ADAC breakdown card.

    I noticed the Camping and Caravan club have a similar card but they have a monthly non use fee. different withdrawal rules.. same end bank.. i.e Newcastle Building Soc.

    Bob:thumb:
     
  13. Xabia

    Xabia Funster

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    There are no fees for cash withdrawals in Europe, £1.50 per transaction in UK but why would you use it in the UK?

    I have never paid any fees for my Euro withdrawals, if I load 150 euros for example I withdraw 150 Euros - no costs.

    You also have the facility to buy when the Euro is 'high' (a comparative term at the moment!) and then you still have exactly the same amount in credit when you withdraw it days or months late.

    Works for me.

    Mike
     
  14. gozomike

    gozomike Funster Life Member Life Member

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    Hi

    I have one of the Caxton cards which I have used in France and Italy for camp sites, fuel, supermarkets and road tolls. The only time it would not work was on a few of the Italian motorway tolls, I am not sure why this was. Other than that works fine and just as it says in the blurb, no charges at all. :thumb:

    Mike
     
  15. Teasy2007

    Teasy2007 Funster

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    We have been wondering about getting the Santander card as we did not realise that Halifax was charging us every time we used their card in Spain. I checked out the Caxton card and have just completed the process, very easy indeed and much better than Santander.

    Many thanks for the posts and information, very helpful indeed.

    Ginny and Mike:thumb::thumb:
     
  16. OwnedbyCollies

    OwnedbyCollies Funster

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    The cheapest way to spend abroad is with a credit card (fees free).

    We use Santander Zero (fees free worldwide) and Nationwide (fees free europe). We then have a Caxton card to avoid carrying large amounts of cash - load when euro 'up' or by phone, text or online when away - your money can then stay in your own bank account until you need it. Free cash withdrawals at ATMs.

    I would highly recommend reading Martin Lewis' Money Saving Expert for up to date advice.

    http://www.moneysavingexpert.com/travel/cheap-travel-money

    Caxton is also useful to avoid paying Ryanair extra fees!!!:thumb:
     
  17. Welsh girl

    Welsh girl Funster Life Member

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    I just read that you cannot use it at tolls, but you say you can???

    I have read that you need to put at least 120 euro on it to get fuel something about a shadow, didnt know about that until I read that even happens in the UK with other cards, thats a first for me, so you cannot do a runner then if you have presented your card!!!!!
     
  18. ninjayorkies

    ninjayorkies Read Only Funster

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    This is what it says in the FAQ's about the tolls and petrol stations.

    4. Automated French Petrol Stations
    Automated petrol stations on the continent (not just France) usually take a security deposit of €120 (Normal approval) when you first swipe your card. No money actually leaves your account at this point, but your available balance is reduced by €120.

    A couple of days later (it can be up to 15 days), they will process a settlement increase for €120 which will raise your available balance by €120. Simultaneously, they will process a settlement decrease where they will remove funds from your card to cover the actual amount of fuel dispensed for example €45. In the period between the Normal approval and the settlement decrease your account will appear to have been debited by €120, but it has not.

    Only when the Settlement decrease goes through has money actually left your account.

    This procedure is not unique to Caxton FX cards or indeed any pre-paid card, all cards issued by any institution are treated in the same way whether they are debit, credit or prepaid cards.

    5. Toll booths
    Caxton FX currency cards require a merchant to seek authorisation before they provide the goods or services. The majority of European toll roads do not seek an authorisation, therefore you cannot use your Caxton FX currency card at most toll booths.

     
  19. slobadoberbob

    slobadoberbob Read Only Funster

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    Thanks for taking the trouble to copy it out

    Thanks for taking the trouble of printing the FAQ on the subject of the French petrol stations.. I found the info useful on the Caxton site and still went ahead with ordering a card... Not a lot of point using a credit or debt card to pay for fuel and picking up charges to convert to UK £ .. Wonder if it will work paying ADAC .. As they send the paper work in Euros.

    Bob:thumb:
     
  20. GIBLA53

    GIBLA53 Read Only Funster

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    NO CHARGES at all with Caxton we have used ours since 1/11/10 no problems anywhere Except on Autoroute in France where they do not work on any of the auto/manual booths
    Al.
     
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