118 118 Money credit card review

2 min Read Published: 09 Nov 2020

118 118 Money review The 118 118 Money credit card markets itself on offering a zero-fees, no-gimmicks option for those with a less-than-perfect credit score.

Key facts about the 118 118 Money credit card

  • Best for: Those looking for a card with no hidden fees or charges
  • Introductory offer: No introductory offer
  • Representative APR: 34.0% variable
  • Fees: No fees
  • Perks: No specific perks

Pros of the 118 118 Money credit card

  • Its main selling point is the fact it doesn't leverage any fees, this includes for balance transfers, cash withdrawals, late payments and spending over your limit
  • You can use this card abroad without having to pay any foreign transaction fees
  • It offers a guaranteed interest rate and credit limit
  • Up to 51 days interest free on cash withdrawals and purchases, if you pay the balance in full each month

 

Cons of the 118 118 Money credit card

  • It doesn't have an extended interest-free introductory offer on balance transfers or purchases
  • The APR is typical of credit-builder cards but is still on the high side if you don't manage to pay off the balance in full each month

How to manage your payments on the 118 118 Money credit card

Cardholders can manage their accounts online or through the 118 118 Money mobile app

How to apply for the 118 118 Money credit card

Start by completing the online eligibility checker to see if you are likely to be accepted, without it leaving a footprint on your credit report

Alternatives to the 118 118 Money credit card

For other options, read our article "Best credit card in the UK"

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