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Pockit Prepaid Mastercard Review

Pocket Prepaid Mastercard Review

In this Pockit Prepaid Mastercard Review, we take a look at some unique features that this card has to offer. Much like Go Henry and Osper it is also suitable for teenagers.

Pockit Features


  • 10% Cash Back On Purchases
  • No Monthly Fees
  • No Annual Fees
  • 99p Sign-up
  • 3 Additional Cards Per Account
  • No Credit Checks
  • Free Card Transactions
  • No Cancellation Fee
  • No Contact

Pockit Credit Card? No Actually, Pockit Debit Card

Although Pockit carries the MasterCard logo it is tempting to think that the card is a credit card, when in fact it is a prepaid MasterCard and online account. The difference between a credit card and a prepaid MasterCard, is that you cannot go into debt. Another good thing about a prepaid card is that you aren't credit checked, so if you have a poor credit rating and need to be able to make payments online, then this is the perfect card for you.

10% CASHBACK ON PURCHASES

99p to sign up and earn 10% cashback on purchases

With Pockit the main card holder has to be over 18. However, additional cards can be given to teenagers who are 13 upwards. This makes it an option for parents who are wanting to give their children some financial freedom, and to try and teach them how to use electronic money systems wisely.

If you have children or teenagers who are away from home, you can give them one of these cards and then deposit on their behalf.

Top Tip

Although you have to be 18 to sign up for a Pockit card, additional card holders only have to be 13 years upwards.

Pockit Card Fees

There are other cards similar to this that I have reviewed. However the creators of Pockit decided to opt for a model where you get charged for doing certain things with the card, rather than a set monthly or annual fee.

Here is a list of the charges for using the Pockit card​

It's always free to

  • Spend with your Pockit card online or on the high street
  • Deposit money online by debit card
  • Deposit your money by bank transfer
  • Cancel your card

It's 99p to

  • Get your Pockit card
  • Deposit money at PayPoint
  • Withdraw cash from UK ATM’s
  • Add additional cardholders
  • Get a replacement card

Overall I think the charges are reasonable and quite simple to follow. If you intend to withdraw cash then you face a 99p charge. Use it to pay for something and there is no charge.

When it comes to putting money onto the card, deposit from your bank or by using your debit card and its free. Use a PayPoint machine and there is a 99p charge.

If you are planning on giving the card to a teenager it possibly makes the card less useful for younger teens, and more appropriate for older teens. They will need to grasp an understanding of what they will and won't be charged for. I suppose as a parent you will be responsible for depositing onto the card, it's possibly best to tell your teenaged son or daughter, not to use the card for cash withdrawals. This will help them avoid any unnecessary charges. 

What about those fees?

All in all these fees are reasonable, use the card to pay for things, deposit using your debit card or by bank transfer, and there are no ongoing fees for using the card.

Pockit Cashback

One of the great things about Pockit is that they offer cash back of up to 10%, simply from buying from certain retailers, using your Pockit card. 

This is a great feature and very similar to the likes of Quidco and Top Cashback. If you aren't familiar with Quidco and Top Cashback, then it's a site that if you buy from your favourite online retailer through them, then you get back a percentage of the sale back in the form of cashback. The cashback is paid into a nominated bank account.

I have been a long time Quidco and Top Cashback and managed to earn of £3000 in cash back over the years. Given that I know how good Quidco and Top Cashback is, I like the thought of being able to use Pockit to do similar things. The great thing about Pockit cashback, is that I don't have to remember to go to another website first to earn my cash back. I just have to remember to pay using my Pockit credit card.

Below is a list of websites where you can earn cash back simply by using your Pockit card when you make a purchase.​

Click the header to sort by Retailer or Cashback Amount​

Retailer

Cashback Amount

JD Sports

2% Cashback

Blue Inc

7% Cashback

B&Q

5% Cashback

New Look

7% Cashback

Carpet Right

8% Cashback

Halfords

6% Cashback

Yours

7% Cashback

M&S

6% Cashback

1860

4% Cashback

Officers Club

7% Cashback

ToysRUs

6% Cashback

Virgin Experience Days

8% Cashback

Bella Italia

8% Cashback

Belgoo

8% Cashback

Red Spotted Hanky

2% Cashback

Cafe Rouge

8% Cashback

BabiesRUs

6% Cashback

H.Samuel

10% Cashback

Earnest Jones

10% Cashback

Greenwoods

4% Cashback

Theatre Tokens

4% Cashback

Leslie Davies

10% Cashback

Mansize

4% Cashback

Drink Supermarket

6% Cashback

Storey Carpets

8% Cashback

What I am liking about the cashback options that Pockit provide, is that is it a different way of approaching what seems to be a common issue. There is clearly a market for child and teen friendly debit cards.

Go Henry has an in depth thorough approach, with parental controls, to do lists and savings goals.

Osper takes a similar but more simplified approach than Go Henry does and Pockit has the cashback, no monthly or annual fees option.

Choices in abundance

Go Henry, Osper and Pockit are all coming up with creative ways of providing electronic money systems, that children and teens can use.

Closing Thoughts

Overall I am enjoying using my Pockit Card. I have a login for my online account so I can keep track of what I spend. I am managing to keep the charges to virtually zero, by not using the card to withdraw cash, and depositing using my debit card or bank transfer.

I have also got another card for my oldest son. He is enjoying the financial freedom the Pockit card brings him. I have the added benefit of knowing that he can't spend more than what is on the card.

Whilst the cashback is better than nothing, I would like to see more retailers being added. Other than two or three on the list above, there aren't many that I would normally use. 

Pockit Wrap Up


Pockit

Pros: Simple, easy to use, no monthly or annual fees, no contract

Cons: No parental controls

10% CASHBACK ON PURCHASES

99p to sign up and earn 10% cashback on purchases


GET CASHBACK ON THE THINGS YOU BUY ONLINE

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