Freedom Prepaid MasterCard - The Financial Benefits of Digital Inclusion

Submitted by jackseena1 on Mon, 04/05/2010 - 10:19

In
recent research, released by the Government funded Digital Inclusion Task
Force, online usage is shown to have a positive economic effect.

In a
quote from Martha Lane Fox (Champion for Digital Inclusion):

“Off-line
households, for instance, could be missing out on average savings of £560 a
year from shopping and paying bills online, and all in all the economic benefit
of getting everyone online in the UK are estimated to be £22billion.”

Research
by PricewaterhouseCoopers LLP (PwC) between 16th September and 9th
October 2009 shows the following financial savings that can be made online:

·
The consumer saving of £560 a
year is an average across all digitally excluded households: for the 20% of
households on the lowest incomes, the average saving is £300 a year.

·
The consumer saving is
equivalent to around £3 in every £100.

·
The biggest consumer savings
are estimated to come from purchases of energy, insurance, clothing and package
holidays.

This is
great news for consumers, however, what about those consumers without credit or
debit card accounts, how can they benefit from these savings?

As with
many things in life it would appear that those most needy are excluded,
however, help is at hand.

Once
you have signed up for the Freedom Prepaid Cash Card, you can load it with your wages and
benefits or with cash & then use it just like a credit/debit card online in
shops and at cash machines.

Not
only can the consumer benefit from the savings shown, but the Freedom Prepaid
MasterCard also provides these additional benefits:

Credit Booster

If you have had problems with credit in the past,
never had credit, been hit by CCJ’s or you’re new to the UK, ‘Credit Booster’ could help
improve your credit rating

Insurance Protection

12 Month
mechanical breakdown coverage beyond the manufacturer's warranty on
domestic electrical goods purchased in the UK on the Freedom Prepaid
MasterCard
30 days Theft
& Accidental Damage for an item purchased on the Freedom Prepaid
MasterCard in the UK
30 days Price
Protection - If the cardholder makes a purchase with their Freedom Prepaid
MasterCard in the UK and then find the same item at a cheaper price at any
retail store anywhere in the UK then the policy will refund the
difference.

To find
out more about The Freedom Prepaid card please:

Email Customerservicefreedom-card [dot] co [dot] uk