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bieber

We read about them in newspapers, magazines, see them on our TV screens and now some have even crept into our wallets.

If you thought celebrities were only seen through the media, think again as more and more celebs are endorsing their very own prepaid cards.

Prepaid cards are great options for those who are “unbanked” or who can either not afford bank charges, or those who simply choose not to have bank accounts but want an option of not having to carry cash on hand. And it seems that quite a few celebs are riding on the prepaid bus, and charging big costs at it too.

Previously we blogged about the launch of teenage heartthrob, Justin Bieber’s own “SpendSmart” prepaid card.

Bieber has used his celebrity status and his clear popularity among teens and tweens to launch a prepaid card to serve their needs. The card charges its owner $3.95 per month as well as an extra $1.50 per ATM cash withdrawal. While you may wonder why a teen would need a prepaid card when their expenses consist mainly of entertainment costs? It’s possible that the “Belieber” fan club would go to any lengths to make their loyalty to him known.

Similarly, other celebs like tatooed, bad boy, Lil Wayne, have also been included in the trend. The name may come as no surprise, as the rapper has launched his very own “Young Money” prepaid card. This card comes with a cost of  $4.95 to reload, a $2 charge to use at an ATM, and there is also a $3.95 monthly maintenance fee.

young money

Retired he may be, but former Los Angeles Lakers basketball player, Magic Johnson, also launched his own prepaid card. The “MAGIC Card”  has a $4.95 setup fee and includes other costs such as a monthly fee of $4.95, a bank teller fee of $0.50 and a cost of another $4.95 for adding cash on to your card at a retail store, as well as other costs.

magic

Other celebs on the prepaid card list include the likes of American businessman and Def Jam hip-hop label co-founder, Russell Simmons with his “RushCard”, as well as American author, motivational speaker and financial advisor, Suze Orman with her “The Approved Card”. Other popular celeb prepaid cards include the “Myplash” series of prepaid cards, which have nearly 100 different designs from movie stars to athletes, cartoons and musicians and are aimed mainly at teens. Some “Myplash”  cards have also included So So Happy, Skelanimals, Paul Frank, Emily Strange, Plain White Ts, Rich Boy, Flo Rida, surfer Kassia Meador and the characters from the Twilight movies.

suze ormanrushcard

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While some celebs have been proven successful in their prepaid card endeavours, others haven’t had as much luck. Among those include the sister trio of Kourtney, Kim and Khloe Kardashian. The “Kardashian Kard”, which didn’t last a month, was discontinued and heavily criticized for its hefty fees and charges which included a purchase fee of $99.95 inclusive of the first 12 months’ fees and charging $7.95 as a monthly fee thereafter. Other fees also included ATM withdrawal fees, ATM inquiry fees, Point of Sale fees, cancellation fees, replacement fees and many more.

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So there you have it. It seems like you don’t only need the media to see the faces of your most loved celebs, now they’re simply a wallet and a swipe away.

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Travel just got easier

shanaazp —  October 22, 2013 — Leave a comment

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A few years ago, I went travelling across Europe as part of a Contiki tour.

Travelling to 10 different countries in 16 days, it was quite the adventure – from meeting new people to discovering new places.

As if learning the different cultures, languages and foods wasn’t enough, getting a grip of all the different currencies, including Pounds, Euro’s and Swiss Francs, was another challenge on its own.

Amidst all the up and down, the adventure and the fun, the last thing anyone would want on a holiday like this was the worry of not having enough cash, or not having enough cash in the right currency, especially while travelling to so many different countries.

Constantly having to draw cash at the ATM’s, or using my South African ATM cards to swipe, having to carry cash with me, or even having to find a Bureau de Change in every new country proved to be a shlep and often very costly. Thankfully, with the passing of time, also came the passing of older travelling trends and the introduction of new ones.

If only I knew then what I know now, I would have gone with the option of using the Standard Bank TravelWallet.

The card is a quick, easy and convenient way of paying for goods or doing transactions while anywhere abroad, providing you with peace of mind.

TravelWallet is a prepaid MasterCard that’s as simple to use as any other ATM and payment card.

Swipe your card wherever you see the MasterCard sign. You can also withdraw money at any ATM bearing the Cirrus or MasterCard logo, giving you access to your money wherever you are in the world, at any time.

The great thing about this product is that it is available in Euros, US Dollars, Pound Sterling and Australian dollars and no matter which currency you get your card issued in, it works across currencies and you can draw money in the currency of the country that you are visiting.

If you thought things couldn’t get any better, think again because the Standard Bank TravelWallet also allows you to keep track of your account and ensures that you are notified every time you use your card by registering to get an SMS, alerting you of your card usage. With this product, you can also have access to a free online statement.  For more on these services, visit www.standardbank.co.za/travelwallet and click on TravelWallet account status.

TravelWallet have covered all their bases to ensure that your money is safe. So even though losing or having your card stolen could be a problem, your card can be stopped and replaced as soon as you have reported it by calling their lost card call centre on 0800 020 600 from South Africa or +27 11 299 4114 while abroad.

You also have the guarantee of a  fixed interest exchange rate if you use the card in the same currency as that loaded on your card and even if you run out of money while abroad, your TravelWallet card can easily be topped up.  As a keen traveller, all you need to do is make your way to a Standard Bank foreign exchange outlet before you leave on your trip where you can arrange all your necessities and fill out an application form.

Get a TravelWallet and enjoy the safer and most convenient way of paying abroad. Now you can concentrate more on planning your trip and travelling the world, cutting out any unnecessary stress. The TravelWallet will definitely be the answer to my cash crisis during future travels.

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