Westpac Australia has canceled thousands of VISA credit cards over a security breach from a third party vendor. Westpac is in the process of contacting all Visa credit card members affected by the cancellation.

for the full article [Yahoo Article]

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Shop on your terms … We’ll That’s what they say.

With more than 24 million locations and over 924,000 ATMs Worldwide, you could enjoy the freedom Pre Paid VISA cards has to offer.

Well for this Frugal Shopper it does sound like a good deal, shop anywhere around the world, use it online and the lack of credit card interest rates makes it appealing. You only spend the money that you load into it…right?!?… how does it really compare when we add up all the fees.

We’ve decided to put it all together for you, so you can decide whether the Prepaid VISA credit card is right for you.

With many of the Australian Banks starting to offer some type of prepaid credit card and pre paid gift cards (We’ll tell you the difference) we should start to see a variety of Prepaid Card on offer for Australian Cardholders.