Annual Star Ratings 2020 prepaid cards announced | will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be Scamsmart.

ARCHIVED ARTICLE This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

nigel woollsey

Nigel Woollsey

Online Writer
Published: 11/03/2020

Consumers who value an expert, impartial opinion will be delighted to hear that Moneyfacts has revealed its 2020 Five and Four Star Ratings in respect of personal loans. These highlight the very best prepaid cards products currently available on the UK market.

Based on a simple five-star system, our independent annual ratings are the result of a detailed and thorough analysis of each product by our experienced and knowledgeable team.

According to a consumer survey carried out by Moneyfacts group in the summer of 2019  some nine in 10 (91%) consumers agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a financial services product.

The Moneyfacts Annual Star Ratings look at thousands of products across 16 categories, from business and personal finance products to insurance and investment products. It is down to the extensive analysis of more than 2,000 data fields that enables Moneyfacts to award its Star Ratings each year, helping to support consumers with their decision-making process.

In the case of our prepaid cards Star Ratings, over 70 fields of information were carefully considered for each product. These include:

  • Issue fees
  • Monthly or annual fees
  • Transaction charges
  • ATM charges
  • Replacement card charges
  • Cancellation fees
  • Redemption fees
  • Cancellation/redemption charges
  • Foreign usage charges
  • Top-up charges
  • Additional card fees
  • Decline fees
  • Top-up options
  • Number of additional cardholders
  • Top-up timescales
  • Card duration
  • Delivery times
  • Discounts
  • Emergency cash or card
  • Free purchase protection
  • Cashback
  • Travel insurance

Commenting on the Star ratings for Personal Loans, Samantha Owens, Star Ratings & Personal Finance Analytics Manager at Moneyfacts, said "Whether travelling abroad or just managing daily spending, prepaid cards can be a useful addition to a customer’s range of financial products.

“However, with the number of cards in the market and the range of differing charges, features and benefits, picking the right one can be a challenging task. The Moneyfacts Prepaid Card Star Ratings analyses the cards in the market, separately for those designed for travelling and those for everyday money management, allowing the customer to hone in on the card that suits them best.”

To see the full list of awarded products, please click here. There are many more 2020 Moneyfacts Annual Star Ratings to come.



Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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