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How to Get a Credit Card

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  • Up to 51 days interest free on purchases when full balance is paid each month
  • Guaranteed credit limit
  • Check your eligibility with no impact to your credit score
Check my eligibility This won't affect your credit score

Representative example: Amount of credit £1,200. Interest rate: 49.0% pa (variable) Representative 49.0% APR (variable)

How can I find a credit card that’s right for me?

Knowing how to apply for a credit card that fits your unique situation is a smart move. This means making sense of a lot of information and jargon which could easily lead you off track. It needn’t be such a stress, though. We’re here to help you get on top of what you need to know.

Not everyone has the same reason for getting a credit card − that’s why you’ll find different cards with different features. Looking to move your existing card debt? You’ll want to consider a balance transfer credit card. Going on holiday? A credit card for use abroad can help you avoid any expensive fees.

Dependent on what you need a credit card for, comparison websites can be a good place to start your search. By providing relevant details, you are likely to be given a list of potential options which may be available to you dependent on your own circumstances. Most comparison sites also offer a pre-application eligibility checker which indicates if you’re likely to be accepted or not, typically this is without a full credit check. If you decide to apply, a full credit search will be completed.   

Of course, you might be wondering how to get a credit card that’s more of an all-rounder and help you build your credit score.

With the 118 118 Money Simple Interest Rate Credit Card, we also consider applications from those with bad credit too. As with most lenders, the 118 118 Money Credit Card will incur a fee for any late or missed repayments as well as a cash withdrawal for any cash transactions.

Apply for a credit card with an interest-free period on purchases from 118 118 Money
Our 118 118 Credit Card comes with an interest-free period of up to 51 days on purchases if you pay your balance in full each month. Use our Eligibility check to find out what credit limit we'll offer you before you apply, without affecting your credit rating!
Check my eligibility This won't affect your credit score
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Some key considerations if you’re thinking of getting a credit card

If you’re thinking of getting a credit card there are a few different things to consider. We’ve listed some of these below, but remember this list isn’t exhaustive, you should carry out your own research and your own circumstances will be important to bear in mind.

What do you need a card for? Knowing the purpose of what you need a card for can help to make sure you apply for the one which is most relevant for your needs. For instance, if you’re hoping to reduce the monthly payment on your existing debt, then a balance transfer card may be an option. If it’s a large purchase which you wish to spread the cost for, then a purchase card is likely to be a better option. Whatever your circumstances are, its good to consider what type of credit card is likely to best serve your needs.

Do you have a less than perfect credit history? This can impact the kinds of credit cards you’re likely to be accepted for. But just because you’ve got a less-than-perfect credit history doesn’t necessarily mean you can’t apply for a credit card. With the 118 118 Money Simple Interest Rate Credit Card, we do consider applications from those with bad credit. So your options aren't necessarily limited to just payday or short term loans.  

 

 

Your credit score. This impacts the type of credit you may be eligible for as well as the credit limits and interest rates you may qualify for. So if you’re aware you have a low score, be prepared for this to be reflected in the types of cards you’re likely to be accepted for. You may find a credit builder credit card to be a more suitable option. This type of card, if used responsibly can help to improve your scores.

 

 

 

Fees and/or rewards. Some credit cards can come with fees, such as balance transfer fees and late repayment fees, amongst others. The 118 118 Money Credit Card will incur charges for late or missed repayments and a fee for cash withdrawals. Conversely, some cards come with rewards to further incentivise you. These can come in the form of loyalty points, cashback, interest-free periods or suchlike. Either way, if you’re considering getting a credit card, these are further avenues to consider before applying.

 

 

Use an eligibility checker. Most credit card providers, including 118 118 Money offer a pre-application eligibility checker. Simply put, this gives you the option of seeing if you’re likely to be accepted or not without the need for a full credit check. This can be beneficial as too many full applications over a short period can have an impact on your credit score. Full applications require a full credit search, however.

These are just a few considerations to think about if you’re looking for a credit card but remember to consider your own affordability circumstances before completing any applications.

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Guaranteed Rate and Credit Limit

  • Check your eligibility with no impact on your credit score
Check my eligibility

 

Some of the features of a 118 118 Money Simple Interest Rate Credit Card

If you’re considering the 118 118 Money Simple Interest Rate Credit Card, here are some of the features:

  • A credit limit of up to £1,200.
  • Guaranteed APR for when it comes to your repayments.
  • Up to 51 days interest-free on purchases and withdrawals, as long as you pay your balance in full each month.
  • The ability to get a credit card with bad credit and try to build your score.

Yes – we will complete a credit check when you apply, but this isn’t the be-all and end-all for us. We’re here to offer a helping hand if you’re looking to get a credit card and don’t know where to turn. It all starts with our no-risk, no-obligation eligibility checker. So, if you’re wondering how to get a credit card with bad credit, we may still be able to help.

Why should I use an eligibility checker?

If you think the 118 118 Money Simple Interest Rate Credit Card fits your needs, you’ll need to apply online. Ultimately, each completed application you make will leave a mark on your credit file – and too many of these can be problematic if you find yourself being turned down.

With 118 118 Money, you can begin by using our eligibility checker which gives you an indication if you’re likely to be accepted without affecting your credit score. If you wish to complete a full application, we will conduct a full credit check at this point which does leave a footprint on your credit file.

We’ll also ask you to read these important documents before you apply:

  • Pre-Contract Credit Information
  • Important Information About Your Credit Card
  • Summary Box

If you want to go ahead with applying, you’ll need to read the Credit Card Agreement and tick the box to sign it and show you are happy with it.

How do I know if I’m eligible to get a credit card?

Before you apply, use our eligibility checker to see if you’ll be approved. It will also let you know what credit limit we can offer, and it won’t affect your credit score. To be eligible to get a credit card with us, you’ll need to:

  • Be between 18 and 70 years old
  • Earn at least £8,400 a year
  • Live permanently in the UK
  • Not be in arrears with another lender
  • Have had no default payments in the last six months

What do I need to apply for a credit card?

If you’re thinking of applying for a credit card with 118 118 Money, there are certain bits of information you need to provide as part of your application. Whilst using the eligibility checker we’ll ask you for your:

  • Name
  • Email address
  • Date of birth
  • Current employment and residential status
  • Net monthly income
  • Outgoings
  • Home address

Like any credit card provider, we need to be able to prove you are who you say you are and where you live. And by running a credit check when you apply, we can confirm your information.

How does the application process work?

If you think the 118 118 Money Simple Interest Rate Credit Card could be the right fit for you, the next step is to apply. First, complete our eligibility checker to get an indication if you’re likely to be accepted or not. We don’t want you to run the risk of affecting your rating unnecessarily.

If you wish to complete a full application, we do conduct a full credit search at this stage. The success of any application is based on your credit score and history, as well as other pieces of information available to the public. This can include whether you’re on the electoral register or if you’ve had any CCJs against you.

You may also need to provide information on your income and employment to ensure you can meet the affordability criteria.

If you are successful in your application, remember you can use our app to manage your account.

Apply for the 118 118 Money Credit Card

Want to apply for a credit card with 118 118 Money? As long as you pay your balance in full each month you can benefit from an interest-free period of up to 51 days on purchases. 

You can try our eligibility check first to see if you’ll be accepted before you apply – and it won’t affect your credit rating.

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How To Get A Credit Card FAQs

Each provider has a different set of rules to decide if you can get a credit card with them, some are stricter than others. All lenders will look at your credit history to get an idea of what type of borrower you are. Card providers refer to credit reference agencies such as TransUnion, Experian or Equifax when you apply. This provides lenders with an understanding of what your credit history and payment behaviour are like.

You may still be able to get a credit card with bad credit because we’ll look at more than just your rating when you apply. We can never guarantee you will be approved before we know all the details, by using our eligibility checker you’ll get an indication if you’re likely to be accepted or not, without impacting your credit score. A full application does require a full credit check.

No, you can only get a credit card with 118 118 Money by applying online.

If you decide you no longer want your card, you have from the Credit Agreement. This period starts from the day after you signed. If you do change your mind, give us a call on 02920 548118*. Please also refer to your terms and conditions for more information.

Alternatively, you can write to:

118 118 Money
PO Box 10556
51 Saffron Road
Wigston
LE18 9FR

You will need to repay any balance you have, but if you have no balance, we can close it immediately and make sure your application doesn’t show up on your credit file.

*02920 numbers are charged by your provider as a UK national number.

We aim to let you know if you’ve been accepted within 60 seconds. In some cases, our decision can take a little longer if we have to look closer at your credit history or if we need extra information to prove who you are or where you live.

Once you’re accepted, it can take up to 10 days to get your credit card and PIN in the post. These will arrive separately for security reasons. Then, all you need to do is activate your card and you’re ready to start using it.

Hopefully, you now have a better idea of how to get a credit card, but we appreciate you might still have a question or two. If so, our FAQs section has lots of helpful information. You can also talk to our Customer Service team, who are on hand 8am-7pm Monday to Saturday and 9am-5pm on weekends.

You can also use our web or app chat services.

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Apply for a credit card with 118 118 Money

If you pay your balance in full each month you can benefit from an interest-free period of up to 51 days on purchases.

See if you’ll be accepted before you apply and find out what credit limit we will offer you without affecting your credit rating!

Check my eligibility
118118Money.com