118 118 Money credit card review

1 min Read Published: 28 Mar 2024

118 118 Money Credit CardThe 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 offers
  • Representative APR: 49.0% variable
  • Fees: No fees
  • Perks: No specific perks

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  • 26.5% APR Representative (variable)

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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

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
  • Cash withdrawal fee is 3%

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 find out which credit card is best for you

Comparing different credit cards is a key part of getting the best deal for you. Money to the Masses has helped to simplify this process by partnering with Creditec*, an online comparison service. You do not need to trawl through countless different provider websites hunting for the best cashback or lowest fees, as Creditec’s personalised search results will show you the key details you need to know in one place. Your tailored list will also feature the cards that you are more likely to be accepted for, cutting down the chance of any applications you make being rejected. Your search results are built using a soft credit search, so there will be no damage to your credit score. You can start your search by clicking this link*.

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



If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced this independent and balanced review of the product.