Ideas

sounds very farsighted dont really get the idea

Saigon, its quite vague but correct me if im wrong about how I understand your point.

I think you don't buy the card for yourself. You rather keep the money in your regular time deposit account.

Instead, you receive it as a gift from your parents or relative or a friend or could be an incentive bonus from your employer? Or maybe a price from a contest? Let's say, your parents wants to give you a gift worth $5,000 and decides that it would be in the form of a card like this. So you will be guranteed that you have $500 to spend in your next 10 birthdays. So its a kind of a pre-need thing like pension? Maybe you will call it birthday insurance card and its a debit card. Or if you want it in credit card, i think it should be a plug-in to existing credit cards. Meaning your credit limit balloons (to accomodate the extra expenses) during your birthday week.

Yea the whole thing sounds a little confusing.

what dose the pitch and commercial video have to do with anything?

...pardon the PItch and comercial...am still exploring all these "EDGE" thing.. but moving on... UBR (Birdthay C.CArd) is a controlled FInancial asistance for the subscriber who doesnt have a credit card yet. ITs prepaid but the payment scheme can still be spread into 12 months period. Though no one is barred to pay it in cash (though its sound odd why one cant buy it in cash and doesnt have the cash when he needs to used it)...
By the way are the ideas in CH fenced on dot.com thingy only?

PLease let me know

use cash

AlexUk,

Using cash is a solution but it wont give a good credit power to bulk up the company investment and cash flow in the long run... student will be trained to save money via prepaid(installment) and would give the have nots(blue collar) an answer to their yearly need to spend on their birthday.

it has been done... one is called the PrezzyCard and is a VISA...

Thanks Andrew:

I just saw it nowbut, its pitch i understand is for Christmas or Gifts.
This is not a me too product but trying to revolutionize what ever might be there "already". though i thought i am the first... the punchline of:

"Birthday only comes once a year"
is powerful enough...

In most part of the world its giving yourself not only gift (for your self?) but giving or reaching out for others (esp. for loved ones). How about a night in the hotel with your fiancee. A student wanted to get a spa. A brewed coffee(or a round of beer) for your colleague. Imagine the actual posibilities or real need =)

Still its pre paid..and if Prezzy business model took off so will be this IDEA.

Did you mean that you want to change the concept of PrezzyCard and VISA? Correct me if I'm wrong.

Iskandar:

No, am just saying the difference between my UBC and Prezzy Card...
its another form of credit card...once a year used, prepaid or otherwise and can be avail by almost everybody.

credit cards take fees, even on the pre-paided cards, to use the network so why would a parent take that discount in the gift?

also, with other gift cards out there that don't take any percentage (eg specific retail stores) why would someone opt for this route?

This idea sounds more like it would work over seas (not in America or Canada). I think what Saigon is saying is that a person who is BROKE can put $10 a week, more or less if their life allows into this card and then it will ONLY allow them to use it for the 10 days around their birthday. It "forces"them to save the money because they cant get it out..??.. But it gives them the chance to have a big birthday each year.

I personally would rather be able to pay my mortgage and my property taxes, then go out for my birthday! But I think that it is a good idea for over seas.

thanks....for the comments guys..this is back to crowdsource your valuable opinion!

what's the difference from a regular gift card???

A gift card is prepaid...this one is either prepaid, post paid and can even be under layway plan. Very good for the non- credit card holder and students. And can be only used at least once (as per annual purchase and credit limit allows).

A similar idea in the US is a Christmas fund with your local bank. You put money away in a separate account so it makes it "easier" to save (out of sight, out of mind)

I would love to see the card not just be a "money in = money out" type of card. I would be nice to see some kind of interest for the card holder. So the card holder puts away their money each time they get paid. Then the account gains interest on the balance. US savings and checking accounts gain .25-2% interest, Money market accounts (which are unsecured) gain 4% or more.

So my suggestion is to have the underlying holding company perform low risk investments to provide a dividend to their card holder. A good thing to model your service after would be like the money market funds offered by sharebuilder.com (no minimum balance, no inactivity fees, withdraw at any time).

Here is a link to check it out: http://www.sharebuil...MoneyMarketFund.aspx

There is prepaid cards out there by major companys, that is not to say you can not compeat.

Thanks for the comment GL.

same with Coozad!

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