Joanne Garcia, Head of Credit Cards at Confused.com comments on the launch of O2&39;s fee free pre-paid cards.
"This is a breath of fresh air at a time when fees are creeping back up on many financial products. O2 and Nat West are delivering a fantastic innovation with their Cash Manager and Load&Go pre-paid cards, and we hope this will encourage more competition.
"We&39;ve been cautious fans of pre-paid cards for sometime because the benefits have been limited to a small number of people, due to the charges applied. We don&39;t believe that people should be charged for trying to manage their money responsibly.
"The O2 Load&Go card which is aimed at children aged 13 and over, will help educate and ensure that financial control is learned from a young age and young people won&39;t have to worry about carrying and losing cash."
For further information please contact:
Press office, Confused.com: 02920 434 398
Notes to editors
About Confused.com:
Confused.com is one of the UK&39;s biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include car insurance, home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com&39;s service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
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