Determining value on a Credit Card

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Forums › Finance and wealth management › Determining value on a Credit Card

networkn

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#112836 23-Dec-2012 00:17

As part of a purchase a few years back, I was given two prepaid Mastercards. I found them whilst cleaning yesterday but I can't find what value they have on them in the documentation I have of the original transaction. How can I determine easily what value is on each card please?

dolsen

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#736466 23-Dec-2012 00:49

Probably nothing now as a lot of the terms include forfeiture of the amount after a year.

Batman

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#736468 23-Dec-2012 00:52

If you have loaded pins stick them in any atm for free balance viewing if it is a Debit card

Or ring thr number on the card

networkn

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#736470 23-Dec-2012 00:58

No pin and no number on the card :(

clinty

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#736486 23-Dec-2012 06:52

What brand/bank/store is on the card?

kiwiharry

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#736493 23-Dec-2012 08:17

networkn: No pin and no number on the card :(

I would have thought if it was a Mastercard that it would have a standard 16 digit card number and expiry date.

Earlier last year my wife won a $100 MasterCard Debit card and put it in her wallet, but didn't realise it had an expiry date. It was valid for 12 months from date of issue. A few months back when she was about to use it she noticed the expiry date on the card and that it had expired 1 month earlier. Despite several phone calls to Mastercard they refused to replace the card.

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#736498 23-Dec-2012 08:57

kiwiharry: ...
Earlier last year my wife won a $100 MasterCard Debit card and put it in her wallet, but didn't realise it had an expiry date. It was valid for 12 months from date of issue. A few months back when she was about to use it she noticed the expiry date on the card and that it had expired 1 month earlier. Despite several phone calls to Mastercard they refused to replace the card.

Out of curiosity, why did you think they would or should have replaced the card?

Sometimes I use big words I don't always fully understand in an effort to make myself sound more photosynthesis.

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#736512 23-Dec-2012 10:16

floydbloke:
kiwiharry: ...
Earlier last year my wife won a $100 MasterCard Debit card and put it in her wallet, but didn't realise it had an expiry date. It was valid for 12 months from date of issue. A few months back when she was about to use it she noticed the expiry date on the card and that it had expired 1 month earlier. Despite several phone calls to Mastercard they refused to replace the card.

Out of curiosity, why did you think they would or should have replaced the card?

Um, because someone paid real money for the card and after an arbitrary period of time MasterCard thought it was OK to simply keep that money and devalue the "fake money" they gave in return?

In my view, expiries on gift cards and vouchers is scummy, and should be illegal.

kiwiharry

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#736611 23-Dec-2012 17:19

floydbloke:
kiwiharry: ...
Earlier last year my wife won a $100 MasterCard Debit card and put it in her wallet, but didn't realise it had an expiry date. It was valid for 12 months from date of issue. A few months back when she was about to use it she noticed the expiry date on the card and that it had expired 1 month earlier. Despite several phone calls to Mastercard they refused to replace the card.

Out of curiosity, why did you think they would or should have replaced the card?

Sometimes some companies offer goodwill. Given that that card had just expired by about 3-4 weeks, my wife thought they would honour it. As a previous poster mentioned, somebody has probably given them the $100.00, so don't think that this would have cost Mastercard much apart from cost of a new card and postage.

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#736628 23-Dec-2012 18:26

This is why I don't buy gift vouchers/cards/prepaid credit cards. Companies make so much money from selling them, because a large percentage never get redeemed. There is a name for this too that retailers use, when someone never redeems a gift card. In a way I think it shouldn't be allowed, but then again it is a persons choice to buy these things and to understand the risks and terms.

Also not all companies will put an expiry date on their vouchers. I don't believe Barkers do. Also some will expire after 24 months instead of 12 month which is better.