How Does the Prepaid Card Work?

TABLE OF CONTENTS

• How the Card Works
• Types of Prepaid Cards

Our prepaid card is a simple way to borrow and spend money for essential household needs and everyday shopping with our approved retailers. It is designed to help you spread the cost of important items while keeping your repayments manageable.

Depending on the product you choose, you can use either a Food Club Card or a Shopping Card.

How the Card Works

When your loan is approved, the funds are loaded onto your prepaid card. You can then use the card to shop within your approved spending limits at participating retailers.

You’ll repay the money you borrow through an agreed repayment plan, which is set up when you take out your loan.

Types of Prepaid Cards

Food Club Card

The Food Club Card is designed to help with essential food shopping.

You can use it:

• In-store at Iceland and The Food Warehouse
• Online at Iceland and The Food Warehouse

Key features:

• Credit limit up to £100
• Interest-free
• Top-ups are only available during specific times of the year (such as school holiday support periods)
• You can only top up if your balance is below £75 and your account is up to date

You can find details of our top up windows here.

Shopping Card

The Shopping Card gives you more flexibility to shop across a wider range of high street retailers.

You can use it at approved retailers such as:

• Argos
• Currys
• Iceland
• And many more

Key features:

• Credit limit up to £350
• Interest applies to this product
• You can shop online and in-store at participating retailers
• You can top up at any time, as long as your balance is below £262.50 and your account is up to date

A full list of eligible retailers is available here.