About Goldfish i24 credit card...
- Free 24 hour concierge service
- Priority Pass to over 500 executive airport lounges
- Free annual comprehensive travel insurance
Goldfish describe their i24 card as aimed at the 'ultra-premium' market. The annual fee is correspondingly high, but so are the benefits.
The i24 credit card is aimed at high-earners who travel abroad frequently and tend to use their plastic regularly. Key to this is that the card does not charge a 'Foreign Transaction Fee', unlike most other cards on the market. This equates to a typical saving of 2.75% on all overseas transactions.
There is a competitive balance transfer offer that continues until the transferred balance is repaid in full, although - in common with all other cards - because of the Allocation of Payments clause, you will be charged the standard purchase rate on any purchases made with the card until your transferred balance is cleared.
The best thing about this card though is the travel services; as well as the zero fee on foreign transactions, you get comprehensive travel insurance with sports cover and up to £5M medical cover. There is also a concierge service that you can call for anything from table reservations at a quality restaurant to language translation services. You also get a Priority Pass to access Executive Travel Lounges at airports worldwide.
And on top of all this the Goldfish i24 credit card offers an unlimited 1% cash back on all purchases.
Apply for Goldfish i24 credit card 
| Interest Rates and Fees |
| |
|
Notes.. |
| Typical APR |
57.8% APR (variable) |
The Typical APR has been calculated using the standard £1,500 credit limit as stipulated by consumer credit law. The use of a £1,500 credit limit, coupled with the annual fee, makes the APR look artificially high.
The APR in the credit agreement will be 22.0% APR, and has been calculated using the card''s actual minimum credit limit of £7,500.
None of this changes the actual interest rate that applies to the i24 Card, which is 13.9% p.a. for purchases. |
| Balance Transfers |
5.9% for life of balance |
Must be made before 1st April 2008.
Payments will be applied towards promotional balances first. |
| Balance Transfer Fee |
None |
- |
| Cash Withdrawal Rate |
15.9% p.a. (variable) |
This is the rate you are charged on balances resulting from using a cash machine, getting cash back at the supermarket or buying foreign money. |
| Cash Withdrawal Fee |
3%
(£3 minimum) |
When you use your credit card to get cash you will be charged a 'handling fee' for doing so. |
| Annual Fee |
£275 |
-
|
| Foreign Transaction Fee |
0% |
There is no fee to pay for spending abroad. |
| Rewards |
| |
|
Notes.. |
| i24 Concierge Service |
|
|
| Priority Pass |
Access to executive airport lounges |
|
| Cash Back |
1% on all purchases |
There are no limits to the amount of cash back you can earn.
Cash back will be paid to you annually via a cheque. |
| Cardholder Services & Extras |
| |
|
Notes.. |
| Online Account Management |
Yes |
You can manage your i24 credit card account online. |
| Comprehensive Travel Insurance |
For you and your family |
Annual travel insurance including sports cover (skiing, scuba diving)
There is no limit to the amount of trips you can take under the policy. |
| Other Extras |
24/7 UK customer service |
- |
| Optional Extras |
Card Protection, Payment Protection Plan |
These are extras that you can choose, but you will have to pay for them. |
| Payments & Payment Details |
| |
|
Notes.. |
| Credit Limit |
£7500 minimum, £25000 maximum |
Credit limit may vary from person to person and is subject to status. |
| Interest Free Period |
Up to 58 days |
For purchases if you always pay your balance in full and on time. There is no interest free period on cash withdrawals. |
| Minimum Monthly Payment |
2%
(£5 minimum) |
The minimum monthly payment is the smallest amount you must pay each month (unless your credit card balance is zero). |
| Allocation of Payments |
Special / promotional balance, standard balance, cash advance balance |
When you make a payment to this card they will be applied to charges / balances in this order. |
| Default Charges |
£12 |
This is how much you will be charged for late payments, returned payments and if you go over your credit limit. |
| Copy of Statement Fee |
£5 |
This is the fee you will be charged for duplicate statements. |
| Card Details |
| |
|
Notes.. |
| Online Application |
Yes |
- |
| Card Type |
Platinum |
-
|
| Payment Company |
MasterCard |
This is the company who provides the payment technology and infrastructure to allow you to use this credit card. retailers and ATM machines displaying the 'MasterCard' logo will accept this card. |
| Card Issuer |
Goldfish |
This is the bank behind your credit card. |
| Card Advertiser |
Goldfish |
This is the company who advertises and promotes this credit card. |
|
i24 Credit Card
| Typical APR |
 57.8% APR |
 |
| Balance Transfers |
 5.9% for life of balance
Free transfers |
|
| Rewards |
i24 concierge service
Priority Pass
Comprehensive travel insurance
1% cash back |
 |
| Interest Free Period |
| Up to 58 days |
|
| Annual Fee |
| £275 |
|
 |
| You should only apply if you are: |
| • Aged 18 or over |
| • UK resident (exc. Isle of Man and Channel Islands) |
| • Have a current UK bank or building society account |
| • Earn at least £50,000 per year (this can include your salary and any pensions or investments) |
More about Goldfish i24 credit card...
Aimed firmly at the executive market, Goldfish's i24 credit card has an eye-watering annual fee of £275, and to be eligible, you need to be earning £50K plus.
However, if you're going to spend more than around £30K a year on your card, then the cash back will take care of the fee.
This is not a card to keep in your wallet for the status. To get the best value, it needs to be used.
Travel Services
Most credit cards charge a Foreign Transaction Fee if they are used outside the UK. The i24 credit card is one of the few on the market that does not, so if you are going to spend £10K abroad this year the saving would again cover the £275 annual fee.
Most standard cards also provide a basic level of travel accident insurance [see our travel accident insurance guide here]. The Goldfish i24 credit card provides a comprehensive policy to appeal to the frequent traveller, including £5million medical cover, sports cover, lost luggage cover and cancellation of trip cover. The policy covers the whole family, including children up to the age of 25.
Concierge Service
One of the best add-on services of the i24 credit card is a concierge service. Some other credit cards provide this, but Goldfish claim this service is comprehensive. One call can help you with finding an itinery, booking a restaurant or flight or language translation assistance. For the busy executive traveller, this will provide one of the major benefits of the card.
The Goldfish i24 card also allows you access to Executive Lounges at major airports worldwide with a free Priority Pass membership worth £259. If you are a frequent flyer, then this may be enough alone to offset the annual fee.
Interest Rates
The Goldfish i24 card offers a balance transfer rate of 5.9% p.a. for balances transferred before 1st February 2008. This is charged on the balances transferred until the full amount of the balance transfer is paid off.
Though there are better balance transfer rates out there, the Goldfish i24 credit card does not charge a balance transfer fee, which for other cards can be up to 3%.
Be aware though, that because of the Allocation of Payments clause in the small print, any repayments you make to the card will be deducted from the balance transfer amount first, leaving any purchases you make waiting in line, which is a similar terms and conditions finding on all other cards.
Purchases are charged at an interest rate of 13.9% p.a. Whilst not the best rate on the market, it is a couple of points below the average. If you clear you balance in full each month, then you get up to 58 days interest free on purchases.
Because of the annual fee, the quoted APR looks high in comparison with cards that do not charge a fee. However, Goldfish are at pains in their advertising to point out that the actual rates charged are comparable with the rest of the market.
Cash back
On top of all the other benefits, there is a straightforward 1% cash back offer, paid annually by cheque. This could add up to a significant amount if you spend a lot on your credit card, especially considering there are no ceiling limits on the cash back earning potential.
If much of your spending is abroad, then you also save with the 0% foreign transaction fee when compared with most credit cards on the market.
Final Word
The i24 credit card from Goldfish is not for everyone. It is a good card if you are a high earner and frequent traveller. Add-ons like the concierge service are a good perk if you tend to make use of them. For those that use these add-ons, this is a great card, but you need to be using them in order to get best value from the annual fee.
Apply for Goldfish i24 credit card
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