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Fancy a credit card but don't have the salary to get one? 

Look no further, its time to tune-up your money with Tune Cards from Tune Money.com 

What is a Tune Card?

There are 2 types , The Tune Card (for adults above 18) and the Red Card (minors between 15-17) Basically both are almost the same apart from the fact that only parents can apply the Red Card for their children.

To put things simply, it's the cross between a debit card and a credit card. You can also call it a prepaid VISA card. Basically the card can be used like a VISA credit card, but minus the credit.

You wil have to top up an amount of money into the card via your online account or selected post offices and you can only spend the amount thay you have topped up into you account.  It can be used anywhere that accepts VISA credit cards (including overseas) and also ATM machine that has the VISA Plus symbol. Of course, it also has PIN number protection to only allow the holder to use the card.

Pros

• 99.999% application approval rate (unless you work as a casino owner or a Junket Operator) 
• No minimum salary or employer confirmation whatsoever
• instant approval (apply online) 
• A good substitute for the credit card 
• don't need to bring cash along.
• Unlike an e-cash card, the amount of money is not stored in the card, but in your online account, so if the card gets stolen, you won't lose the money.
• good for online transactions with only 0.5% markup on currency exchanges.
• Reward points 
• Unlike credit cards, it reduces the tendency to overspend.

Cons

• In certain situations there will be an "authorization hold" imposed. For example, if you want to pay for petrol at a pump, you will need to have minimum RM160 in your account to start filling up. This will act as a deposit for the petrol. after you filled up, the balance will be credited in your account a few days later. But this can be avoided by paying at the counter.
• You will need to have at least RM10 at all times in your account to use the card 
• Yearly fee of RM9.99(as if that is so much?) 
• Each topup will be charged RM2 unless done online (RM0.50) 
• Quite high ATM withdrawal rate (RM1.15 per transaction for CIMB and RM10 per transaction for other banks) 

 Who should get a Tune Card?

- Those who are always on a strict budget don't like to have debts
- Those that can't afford to have a credit card (haven't been working long enough or not enough salary etc)
-  Those who do a lot of transactions online.
-  Parents, to ease control of their school childrens budget.

For more information log on to www.tunemoney.com

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Share your experiences and thoughts with Tune Card here on CekikDarah.com. Drop us a comment ya? 

Comments (3)

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your post deserve to have more comments
written by lankapo , May 15, 2008

hi,
A good review on Tune Card..

Reward points ? are you sure..never heard about it
Tune Card can be use to cash out your PayPal money

Good Luck
lankapo

thank you for dropping by
written by Ken , May 19, 2008

Regarding the payout for PayPal, we're looking into it as well.
But since PayPal charges $5 per transaction......
it might take a while.

Tune card
written by iMyn , May 19, 2008

well, in the "cards benefit"( https://www.tunemoney.com/publicPageAction.do?value=page.ppc.public.cardbenefits ) section there is a paragraph saying "What’s more, we’ve introduced the “cashback” program, a wonderful scheme which enables you to receive/accumulate points (called “Tune Points”) as a form of bonus whenever you use the Card to spend in Malaysia. So therefore, by simply using your Card anywhere in Malaysia, you can earn Tune Points which are then redeemed as “cash” back into your Card account."

I think that's considered points oso kan?
Hope that answers your question...cheers