Thomas Cook's prepaid cards to close in April – check if you've got any remaining balance to cash out

Thomas Cook's travel card range consisted of the Lyk card, Thomas Cook Multi-Currency Cash Passport, Thomas Cook Single Currency Cash Passport and the Co-operative Travel Cash Passport.

Though they were part of the Thomas Cook brand, the cards are provided by Mastercard and issued by a company called Wirecard. After Thomas Cook's collapse, both firms said the cards would continue to work as usual. But Mastercard has now confirmed that the cards will be closing on 6 April 2020.

After this, you won't be able to use your card or reload it. So if you've money on one of these cards and won't spend it before the closing date, you'll need to contact Mastercard to get your cash.

Technically you have until 6 April 2026 to redeem your cash – but as each card has a £2 monthly inactivity fee if it's not used for 15 months, it's worth doing it now to avoid losing money down the line.

The currency will be returned to you in pounds, at the Mastercard exchange rate on the day you cash it – so it's possible you could get less cash back if you originally loaded the currency when the exchange rate was better.

See our Travel Credit Cards guide for the cheapest ways to spend abroad, and our Prepaid Travel Cards guide if you want to lock in a rate.