Virgin Prepaid MasterCard - The smart way to carry cash

Virgin Prepaid MasterCard - The smart way to carry cash
About the card

What is a Virgin Prepaid MasterCard?

It’s not a credit card, charge card or debit card, although you use it in exactly the same way to shop online, over the phone and in stores.

It’s a prepaid card, which means you load money onto the card before you shop. When your funds are running low, you simply top up again.

You don't have to have a bank account to run a Virgin Prepaid MasterCard. The card costs just £9.95 to buy and offers two tariffs, depending on how you use. Choose from 'Pay as you go' and 'Pay monthly'.

What are the card benefits?

A Virgin Prepaid MasterCard is ideal for shopping online, by phone or mail order if you don't have, can't get, or don't want a credit card.

It's also handy for travelling, as it's safer than carrying cash. And if you've got family members travelling or living abroad, it's easy to top them up from home to keep them going. Plus it's a great alternative to old-fashioned pocket-money.

You don't need a bank account to get one, and it's great for keeping a lid on temptation, as you can never spend more than you've got. It also has PIN protection and fraud protection like a credit card*, and is accepted wherever you see the MasterCard Acceptance Mark.

* Although it's like a credit card, the Prepaid MasterCard doesn't offer the additional card protection on purchases that credit cards offer.

Who can apply for a card?

Unlike credit cards, a Virgin Prepaid MasterCard application isn't dependent on credit checks or earnings, so if you are a UK resident you can apply.

What does a Virgin Prepaid MasterCard cost?

CostsPay as you goPay monthly
Monthly feeNONE£4.75
Card transaction (UK)2.95%FREE
Cash withdrawal (UK)2.95%£1.50
Card transaction (overseas)3.5%2.95%
Cash withdrawal (overseas)3.5%£1.50
Extra card/replacement card£4.95
Top-up at a Post Office®FREE
Top-up by debit cardFREE
Top-up by direct transferFREE
Top-up by PayPoint2.75%
Top-up by credit card2.5% (min fee of £2)
Switching tariffsFREE

Will I get a card?

When you apply for your Virgin Prepaid MasterCard we verify your identity against the information you've given us, so we know it's you. In most cases, this will go through automatically and we'll get a card to you within 7-10 days.

Depending on the information you provide, we may issue you with a restricted or an unrestricted card. A restricted card lets you shop everywhere but has a total spending limit of £1,600 a year (up to £600 of this can be loaded onto a card each day).

Where can I find the terms and conditions of the Virgin Prepaid MasterCard?

You can view the terms and conditions of the Virgin Prepaid MasterCard by clicking here.

Which tariff is right for me?

A Virgin Prepaid MasterCard costs just £9.95 to buy, and offers two tariffs.

'Pay as you go' is suitable if you only use the card occasionally. Or if you think you will be using it a fair bit, then 'Pay monthly' might be best. See examples.

Getting started

How do I apply?

You can apply online for the Virgin Prepaid MasterCard. Applying online is secure and easy.

You can pay for the card using either a debit or credit card. Or you can text VIRGIN to 82023 and we'll send you a voucher code to use during your application*.

If you want to pay in cash you'll need to head to the nearest shop with a PayPoint facility first to buy a 360 money voucher. Just look for this logo:

PayPoint logo

You should get your card within 7-10 days of applying.

Occasionally we require further information before we can send out a card. If this is the case, we will be in touch.

*If you choose to pay for your card by text message, £5 will be charged to your mobile phone bill or balance. When you have got the money in your prepaid card account, the remaining £4.95 of the card fee will be taken from your balance, any left over funds are credited to your card balance. Please note, you can only apply for one card per mobile phone number.

How long will it take for my card and PIN to arrive?

You should receive your card within 7-10 days of applying.

We’ll tell you your PIN when you call to activate your card.

How do I activate my card?

To activate your card, please call us on 08454 601 606.

(Don’t forget to sign the back of your card as soon as it arrives.)

What do I need to do if I’ve got a Starter Pack?

If you have a Virgin Prepaid MasterCard Starter Pack, please give us a call on 08454 601 606.

What does ‘for electronic use only’ mean?

You will notice your card has ‘for electronic use only’ written on the top right hand corner. This doesn't affect using it online, over the phone or at a cash machine. It simply means that when you are out shopping it can only be used in the normal electronic terminals you find in the UK and elsewhere.

The card can’t be used in the older manual sliding style of card machines, as it doesn’t feature raised numbers. And you may find you can't use it in a plane or a train as there may not be an electronic connection available.

How can I increase my spending limit?

If we haven’t been able to confirm your identity fully, we'll set your spending limit at a reduced amount (known as a 'restricted' card). It means your total spending limit is £1,600 a year (up to £600 of this can be loaded on to the card each day).

If you're happy with this limit, you don't need to do a thing.

If you'd like to increase your spending limit, we just need you to send us certain documents which confirm your identity.

Please note, there's a £4.95 admin fee for this identity check which would be taken from your Prepaid Card.

Click here to find out about increasing your spending limit.

Loading money onto your card

How do I top up my card and is there a charge?

Load your cardApproximate business days it takes for funds to reach your cardCost
At any Post Office®1FREE
By debit card at myvirginmoney.com*2FREE
By direct transfer from your bank account1FREE
By credit card at myvirginmoney.com*22.5%
PayPoint logo
At any shop or garage where you see the PayPoint logo
Usually immediate2.75%

To top up by direct transfer from a bank account, you'll need the following details when setting this up either online or when visiting your bank in person:

Payee: Virgin Money Direct Deposit
Account number: 10055654
Sort code: 20-03-53
Payment reference: The 14 digit account number on the back (top left) of your card (you must include this).

*Debit or credit cards used to load money onto your Virgin Prepaid MasterCard using our online service might need to be registered with your bank for 'MasterCard Secure Code' or 'Verified by Visa'.

Please note, for security reasons, it’s not possible to load up a Virgin Prepaid MasterCard online using a debit or credit card if we’ve had to set your card at a reduced spending limit. This could be because we’ve been unable to carry out a full ID check to verify your identity. If you top-up a Virgin Prepaid MasterCard with more than £600 directly from your bank account, we may ask for identification before we load up the card.

What's an e-voucher?

One way of topping up your Virgin Prepaid MasterCard with cash is to buy a 360money e-voucher from any PayPoint retailer - then to top up your card just log in to online service at My Virgin Money and type in your code.

To make things even easier, just print off this barcode and hand it over to the PayPoint retailer with your cash to get your e-voucher.

What’s a PayPoint?

You can load money onto your card wherever you see the PayPoint logo.

You'll see it in in certain shops and garages near you. There are over 25,000 places around the UK with PayPoint. Just look for this logo:

PayPoint logo

Or to make things easier, find your nearest PayPoint agent before you go out.

If you've got your card, hand it over along with the money you want to put on it. The shop assistant will put your details into the PayPoint machine and the funds are immediately loaded onto your card.

Using your card

How long does it take for a top-up to appear on the card?

It depends on how you choose to load up your card:

  • PayPoint top-ups are usually available to spend immediately on your card.
  • Post Office® top-ups take 1 business day.
  • Credit and debit cards take up to 2 business days.
  • Direct transfers from your bank account take up to 1 business days.

Where can I use my card?

Spend on it just like you would a credit card and use it wherever you see the MasterCard logo. Use it to shop safely online, by phone and on the high street.

Can I use the card to take out money at cash machines?

When you applied for a Virgin Prepaid MasterCard®, you would have got a card that lets you shop, use cash machines, make cash withdrawals over the counter at a bank, and get cashback.

Are there any things I shouldn't use my card for?

Yes, it's not generally a good idea to use the card at hotel and car rental check-ins. They can't always predict what your final bill will be, so when you check-in they may request pre-authorisation for a higher amount than you expected, which may leave you with less remaining balance to spend on your card than you thought. So it's often a better idea to use a credit or debit card for check-in. You are still able to pay the final bill with your prepaid card if you have sufficient funds.

Also you can't use the card at self-service petrol pumps, but it's fine to pay at the cashier inside the petrol station.

What discounts do I get?

The Virgin Prepaid MasterCard® can also get you exclusive discounts at Virgin companies and beyond.

Click here to see all the great discounts available to you*.

*Please note, each discount has it's own terms and conditions and the 2.95% card transaction fee (Pay as you go tariff only) is applied after any discount. So the transaction fee is based on the discounted amount, meaning you pay less.

 

How do I run my prepaid account online?

To set up online service just visit My Virgin Money anytime and click the ‘register’ button on the Virgin Prepaid Card section.

It's really easy to set up and only takes a few minutes - just answer a few security questions and you're away. Then you can check your balance, see statements, load funds and update your details.

Can I request monthly statements?

We don't send out monthly printed statements but if you would like a statement posted to you, just give us a call us on 08454 601 606.

Please note, there’s a fee of £3.50 for each statement you request, charged to your Prepaid MasterCard.

Don’t forget, you can check your statements and print them off anytime online, when you register for online service. Just click on ‘My Virgin Money’ at the top right of the screen or visit My Virgin Money

With the 'Pay monthly' tariff, when is my monthly fee taken?

The first payment will be debited from your card when you make your first top-up. Your monthly payments will then be taken on that date each month. (Though if you top up after the 28th of the month, your payment date will be the first of the month.)

If there isn’t enough money on your card to pay the monthly fee, you won’t be able to use your card until you top-up again. When you next top up, the full £4.75 will be debited and you will then be billed each month on this date instead.

Please note, if we are unable to collect your monthly fee we reserve the right to move you onto the ‘Pay as you go’ tariff.

Can I take out additional cards?

Yes* - up to 4 in fact. Maybe you want each member of your family to have a card for emergencies, or you'd like to budget across separate cards.

It costs £4.95 for each additional card and you can have up to £4,500 across all your cards, with a maximum of £3,500 on any one card*.

You can order additional cards through online service once you have received your main card and created your online service account.

*Subject to ID verification of main cardholder. See 'What is a restricted card?' for more information.

Can I upgrade my restricted card?

Yes, you can upgrade a restricted card at any time. Please check out upgrading a restricted card for more information.
Other card services

Can I switch between tariffs?

Yes, you can switch tariffs for free. So if you end up using the card more than you thought you would or a bit less, just switch.

You can switch from 'Pay as you go' to the 'Pay monthly' tariff once your card is set up, and then once every four months if you wish. If you've selected 'Pay monthly' you can't switch immediately after your card is set up, but you can switch after four months.

Switching tariff is quick and easy. Just visit 'My Virgin Money' and register/log in to Prepaid Card online service. Choose the 'Switch tariff' option then follow the on-screen instructions.

Can I use my card abroad?

You can use your Virgin Prepaid MasterCard at millions of places worldwide.

The charges for overseas transactions and cash withdrawals are:

 Pay as you goPay monthly
Overseas card transaction3.5%2.95%
Overseas cash withdrawal3.5%£1.50

How can I use my Prepaid Card to share money with a relative in another country?

If you have a family member living or travelling abroad and you want to share money with them regularly, all you need is an additional card on your account.

This will cost you £4.95. When their card arrives, your relative should phone to activate the card and get their PIN. If they’re already abroad, you’ll need to forward the additional card overseas first.

Then you’re all set – to share money you simply load it onto your card in this country and the additional cardholder will have access to those funds wherever in the world they may be.

What do I do if my card is lost or stolen?

If your card gets lost or stolen, call us anytime on 08454 601 606 and we’ll block it so it can’t be used. Then we’ll transfer the funds onto a replacement card and get that sent out to you within 7 days. A charge of £4.95 will then be debited from your balance for the replacement card.

How do I cancel my card?

If you wish you can cancel your card up to 14 days after activating your card.

To cancel your card write to customer services at:
Virgin Money Prepaid Card
PO Box 3883
Swindon
SN3 9EA

If you cancel then we will issue a refund of the purchase fee and any outstanding balance.

Prepaid Mastercard right panel

The Virgin Prepaid MasterCard® card is issued by Clydesdale Bank PLC pursuant to license by MasterCard International Incorporated. This card is an electronic money product. The electronic money associated with this card is provided by PrePay Technologies Ltd, a company regulated by the Financial Conduct Authority (FRN 900010) for the issuance of electronic money. PrePay Technologies Limited is a registered service provider of Clydesdale Bank PLC. MasterCard is a registered trademark of MasterCard International Incorporated.