Cash Plus Credit Builder - What Is It & How Can I Apply?By Hillary Smith • Mar 12th, 2008 • Customer Rating
Are you one of the millions of people in the UK that are either too young for a credit card (no established credit history), don’t have a bank account or have slipped up in the past paying back debt and now have a poor credit rating? You certainly are not alone. Those that have a good “credit score” do not realize how hard it can be to get a second chance or even a first chance to prove they are good for paying their credit card bill. Well, there is a solution…
APS have released a fantastic new feature their offerings. It is called Cash Plus Credit Builder and basically, what it does is gives you a prepaid mastercard that you cannot get into debt with. After 6 or so months, simply by using your prepaid card to make purchases online or using the ATM machine, your credit rating goes slowly up.
The card costs £9.95 and after using if for about 6-8 months, your credit score gets a boost. What’s great about this is that technically, you are never using a credit card. You can only spend what you have on the card. We have a cashplus prepaid mastercard review here. Have a read of it and see what others are saying.
It might be worth noting that this is also our top rated prepaid mastercard 9 months straight.
So who should use the cashplus credit builder?
Personally, I have my children using this card as the cashplus credit builder option is enabled on the card by default. I want my children to have an excellent credit rating without them having to take out loans or expensive credit cards. If you are a student, or someone with a poor credit score, this card is for you.
Where can you get the cashplus card with creditbuilder?
The cashplus credit builder is part of the cashplus prepaid debit card. You can order it on their official site here. Please stop back and let us know how you get on with the card. We love hearing success stories (and even complaints) about all of the cards and financial products we recommend.