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Caxton FX card safe??

Travel Forums Travel Gear Caxton FX card safe??

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1. Posted by xAx (Budding Member 38 posts) 6y

Hi there

I am in the process of applying for a Caxton FX card and was just wondering if anyone has ever had safety issues with it?

I applied online and received an email from them saying they are unable to verify my details and I must email a copy of my passport and bank statement to them. Has this ever happened to anyone else?

Im just worried because they already have all my card and bank details and I dont want to send them my passport and bank statement and next thing someones cleared out all my travelling money Plus their website looks a bit budget!

Cheers

Ash

2. Posted by JessThom23 (Budding Member 4 posts) 6y

Hi Ash,

I have had a caxton fx euro and dollar card for over a year now - no problems with them at all!In fact they come in very useful when I'm on holiday.

They do ask for a lot of documentation agreed - but i believe its just a security measure. They are also authorised by the FSA to hold customer money "Caxton fx is registered as a company in England No. 4610337 and regulated by the Financial Services Authority No. 431844" - (details from their website) which means they are pretty much as safe as you can get.

If your unsure about anything though I would suggest giving them a call.

3. Posted by fabyomama (Respected Member 560 posts) 6y

Unless it's a rush, I'd hold fire till I've heard a bit more. Actually been thinking of getting a prepaid 'Mastercard', but was put off each time I looked at all the different specs on the 'which card?' sites.

The Caxton FX seems to have an administration fee of £25 - have I read that right? Any other cards worth looking at I wonder?

Sorry to jump in.

4. Posted by JessThom23 (Budding Member 4 posts) 6y

The only thing I had to pay was a £10 deposit when getting my cards, but that was just loaded as credit to my card for me to spend. I think the £25 admin fee is if you go overdrawn on the card – but as it is a pre-pay card that kind of understandable and is the same with most bank debit cards!

I think it really does just depend what you want to use a prepaid card for? There are lots out there that have different fees, exchange rates, no atm fees etc – As Which? is an independent reviewer of lots of products i would imagine that they review some of the best ones?

I went for the caxton fx card as my dad had one (and he tends to know things inside/out before committing). From experience, my prepaid card is still cheaper than using my debit card abroad – and it is much safer than carrying loads of holiday cash.

5. Posted by flyingbob (Inactive 842 posts) 6y

The Caxton FX Card is OK for certain transactions and not for others, much the same as every card available. Certain UK budget airlines dont charge a card fee if the Caxton FX is used for the purchase. So, there's one plus. But it charges a quite high fee compared to others for certain transactions.
Honestly, the way forward - is to go into a bank, or look on-line and read what the different cards offer and charge.
No card anywhere (whether credit, debit, with a limit or pre-loaded) is free from all charges.

6. Posted by razzaefc (Budding Member 109 posts) 6y

i got a caxton fx card about a month ago for when i go away,i was advised by someone who had used one,they asked me for my passport and bank statement aswell.and as someone has already said,i had to pay £10 which just went on my card for me to use

7. Posted by fabyomama (Respected Member 560 posts) 6y

Quoting flyingbob

...Certain UK budget airlines dont charge a card fee if the Caxton FX is used for the purchase...

Seems Caxton themselves will charge £1.50 if a flight, or return flight, originates from the UK and paid in sterling.
Still a saving from Ryanair's card charges though - £5 each way I believe. Might just go for one. ;)

edit: Caxton Euro levies no charge for flights from within Europe and paid in euros - and I think the Global card is the same if the purchase is made in euros, though it'll need a bit more reading.

[ Edit: Edited on 28-Jun-2010, at 06:35 by fabyomama ]

8. Posted by flyingbob (Inactive 842 posts) 6y

[quote=fabyomama]

Caxton Euro levies no charge for flights from within Europe and paid in euros

Not strictly right. They charge for certain airlines, but not for others.
At the same time, some budget airlines waiver the fee if Caxton is used to book the flight, some dont.
It does have some good reviews, but others say they have been caught out.

9. Posted by fabyomama (Respected Member 560 posts) 6y

I was talking about Ryanair, though that wasn't very clear.

edit: ...and Caxton's own charge, not Ryanair's. Confusing, ain't it? ;)

edit:edit: and I've just replied to you in two different threads about Caxtons FX cards.

[ Edit: Edited on 29-Jun-2010, at 15:00 by fabyomama ]

10. Posted by flyingbob (Inactive 842 posts) 6y

How easy it was once, many centuries ago.... To walk into a travel agents, buy a plane ticket and pay in 'Cash'.
Cash? Whats that all about then?
All sounds far too confusing to do such a thing nowadays - dont you think?