Morethan Accucard (Accucard)

Member Name: hthomas1531

Product:	Accucard
Date:	06/12/02 (429 review reads)
Rating:

Advantages: Cash back, Low interest, Self designed card

Disadvantages: None yet

I applied for the Morethan Accucard (at www.morethan.com). The card is a self-designed card which offers to double your chosen cashback amount at the moment.

APPLICATION
The application procedure was easy and convenient. Morethan was set up by Royal and Sun Alliance to offer 'all round' financial solutions to customers offering insurance and credit. It's internet focussed, which means good value for money, and user friendly websites. The application was done on-line and I had to just sign a pre-printed form and return it with some form of ID (standard procedure).

SECURITY
With Morethan I had to register the card when I received it, which is a better security feature than most cards which don't tend to have this. I was also provided with a PIN, as is usual. To login, all I need to do is to enter my username and password. This isn't like Natwest where you have internet PIN numbers to use and consequently doesn't give the same feeling of security.

DESIGN
This is a fantastic feature where you can design a card within the parameters set below:
Interest rate: APR between 9.9% and 17.5%
Cashback: between 0% and 0.8% (double this for 6 mths)
Annual charge: between £0 and £20

You can also design how to pay, and how to receive statements.

I decided to maximise cashback, so I pay an annual fee of £0, the maximum interest rate and receive the maximum cashback (the more cashback, the higher the interest).

CONVENIENT
Obviously being an internet card, it's very convenient with online statements etc. One thing to note is that the Egg Money Manager doesn't seem to accept the card so you have to log in separately to view your statements (Egg Money Manager is a service provided by Egg which collates all your online accounts in one web page to allow for easier management).

CUSTOMER CARE
Their customer department is very friendly and can help with most things. H
owever, you do have to initially speak to a computer so it's not ideal. When you do speak to them, though, they are very friendly and the security is tight over the phone (You never tell them what your whole password is, just random letters).

SUMMARY
I really do like this card. I like the design feature which does give the card a distinct edge over other cards. The cash back of mine for the first 6 months will be 1.6% (double 0.8%). However, in terms of cash back generally, the best card is AMEX Blue (1% cash back).

Summary: