About Post Office credit card...
- Commission free use abroad
- 0% on balance transfers for 10 months
- 2-in-1 credit card and small loan
0% balance transfers and purchases
The Post Office credit card offers 0% on balance transfers for 10 months, and 0% on purchases for 3 months (a 2.75% transfer fee applies).
2-in-1 credit card and loan
The Post Office credit card offers up a ream of unique offers and features, and bring you, neatly packaged as a tiny piece of plastic, a revolutionary '2-in-1' credit card.
The 2-in-1 feature offers a credit card and a small loan in 1.
The loan side of the Post Office credit card allows you to pre-arrange a low cost loan for up to 2 purchases costing between £500 to a total cost of £2,000 - perfect for that new plasma TV or snazzy macbook!
The credit card side of the Post Office credit card brings an excellent introductory offer for new customers, including a 0% balance transfer deal for 8 months, and 0% on purchases for 3 months too.
Free foreign transactions
The Post Office credit card is also the perfect travelling companion, as they do not charge a foreign transaction fee. Saving you the 2.75% fee on your overseas spending that most credit cards would charge.
Classic or platinum cards
The Post Office credit card is available as a classic or platinum card. Both cards offer the same great features, but the platinum card has a cheaper typical APR.
Apply for Post Office credit card 
| Interest Rates and Fees |
| |
|
Notes.. |
| Typical APR |
16.9% APR (variable) |
The typical APR is the rate most people are offered.
|
| Introductory Purchases |
0% for 3 months |
Payments are applied towards introductory rates first. |
| Balance Transfers |
0% for 10 months
another 0% for 5 months in 2008 & 2009 |
Must be made within 3 months of account opening.
Payments are applied towards introductory rates first. |
| Balance Transfer Fee |
2.75% |
A handling fee is charged on balance transfers. |
| Cash Withdrawal Rate |
19.16% 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 |
2%
(£2 minimum) |
When you use your credit card to get cash you will be charged a 'handling fee' for doing so. |
| Annual Fee |
£0 |
-
|
| Foreign Transaction Fee |
0% |
There is no fee charged on transactions made abroad. |
| Rewards |
| |
|
Notes.. |
| 2 in 1 Loan Feature |
6.8% p.a. (variable) pre-arranged loan for up to 2 purchases costing from £500 to a total of £2000. |
When you are a cardholder you can phone the Post Office to arrange this low rate. |
| Cardholder Services & Extras |
| |
|
Notes.. |
| Online Account Management |
Yes |
You can log in to the Post Office website and manage your Post Office credit card account online. |
| Purchase Protection |
Yes |
Almost everything you buy with the Post Office credit card will be insured against accidental damage and theft for up to 90 days from purchase. |
| Other Extras |
Up to 3 additional cardholders for free, 365 day customer service. |
- |
| Optional Extras |
Payment protection |
These are extras that you can choose, but you will have to pay for them. |
| Payments & Payment Details |
| |
|
Notes.. |
| Credit Limit |
£500 minimum |
Credit limit may vary from person to person and is subject to status. |
| Interest Free Period |
Up to 56 days |
On purchases if you pay your balance in full every month on the due date. This is the amount of time you have to clear your balance in full each month before you are charged any interest. There is no interest free period on cash withdrawals or balance transfers not in the introductory period. |
| Minimum Monthly Payment |
2.5%
(£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 |
Interest, fees, balance transfers, purchases, cash withdrawals |
When you make a payment to this card, payments will be applied 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 |
Classic |
-
|
| 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 |
Bank of Ireland |
This is the bank behind your credit card. |
| Card Advertiser |
Post Office |
This is the company who advertises and promotes this credit card. |
|
 |
 |
 |
Post Office Credit Card
| Typical APR |
 16.9% APR |
 |
| Intro Purchases |
| 0% for 3 months |
|
| Balance Transfers |
 0% for 10 months
another 0% for 5 months in 2008 & 2009
2.75% transfer fee |
|
| Other Rates |
| 6.8% p.a. 'loan' rate |
|
| Interest Free Period |
| Up to 56 days |
|
| Annual Fee |
| £0 |
|
 |
| You should only apply if you are: |
| • Aged 18 or over |
| • UK resident |
| • Earn at least £8,000 a year |
|
|
 |
|
|
 |
More about Post Office credit card...
The Post Office credit card brings with it a few handy surprises that make this card one worth holding on to.
Whether you're looking to clear up any existing credit card balances, make a couple of large purchases or just want a low rate credit card that's perfect for use abroad, the Post Office credit card has something to offer you.
0% Balance Transfers
The Post Office credit card offers a pleasing balance transfer deal to help you clear up any existing credit card balances.
Offering 0% interest rates on your transferred balance for 10 months, you'll have plenty of time to get back on top of your finances.
There is a handling fee on balance transfers, but this will be only 2.75% of the balance you are transferring.
'2 in 1' Loan Feature
The unique '2 in 1' loan feature with the Post Office credit card allows you to pre-arrange a loan for up to 2 purchases costing between £500 to a total of £2,000.
Pre-arranging this loan for 2 purchases will save you money, as you'll get a low interest rate of just 6.8% p.a. (variable) on these purchases.
Low rates and use abroad
The Post Office credit card offers a lower-than-most standard interest rate on purchases, and platinum cardholders will benefit from an even cheaper rate.
When you spend abroad with the Post Office credit card you'll be pleased to know that you won't feel it in the pocket as with most other credit cards.
The Post Office credit card does not charge a foreign transaction fee, so when you use this card for overseas spending, you'll be saving the 2.75% charge that most other credit cards carry.
Getting yourself a Post Office credit card
If you'd like to get yourself a Post Office credit card, you will need to be aged 18 or over and earn at least £8,000 per year. If you're after a platinum version, you'll need to earn at least £20,000 to be considered.
You can apply for the Post Office credit card online, the application form is quick and easy to fill out, and it's securely encrypted too, so that only the Post Office will be able to read your information.
Apply for Post Office credit card
What do you think?
Add your own review of the Post Office Classic credit card.
Sorry, there are no user reviews currently available.
Be the first to comment on the Post Office Classic credit card - add your review above.
|
