Who is the 118 118 Money Simple Interest Rate Credit Card for?
Your credit card can be a helpful tool that you should have the freedom to use as you choose, not one that should be used in a certain way to avoid nasty costs.
Do you need to make a credit card cash withdrawal because payday won’t come soon enough? No matter the need and however unexpected, the 118 118 Money Simple Interest Rate Credit Card won’t punish you for a trip to the ATM.
Who is it not for?
Taking cash out with a credit card is often seen as a last resort and can be an expensive way to borrow. While there are no cash withdrawal fees or advance rates with the 118 118 Money Simple Interest Rate Credit Card, it might not be the most affordable option for you.
What can I use the 118 118 Money Simple Interest Rate Credit Card for?
We know that some things can only be paid for in cash, so it’s these things that can easily throw you off track. But our credit card can set you straight by allowing you to get cash from an ATM without facing any penalties.
There’s nothing stopping you from using your card for purchases either, whether that’s in-store or online, at home or overseas. You can use it as a virtual card, too, with Samsung, Google and Apple Pay support soon to come.
Whatever the need, the 118 118 Money Simple Interest Rate Credit Card is here – no surprises and no penalties.
How much will it cost to use cash from my credit card?
If you’ve drawn cash out on your credit card, that amount is what you owe for up to 51 days. You can expect your minimum monthly repayment to be the greater of:
- 5% of the balance shown on your statement, as well as any interest charges, any arrears amount and/or any amount over the limit
- or £10 (or the full balance shown on your statement if less than £10).
How much can I borrow with a 118 118 Money Simple interest Rate Credit Card?
You may be able to borrow up to £2,000. The actual amount will depend on your personal situation.
Am I eligible for a 118 118 Money Simple Interest Rate Credit Card?
Before you apply, you can find out your chances of being approved thanks to our eligibility checker. It’s free to use, takes just a few minutes and won’t have any effect on your credit score.
First, though, you must:
- Be a UK resident
- Be aged between 18 and 70
- Earn at least £8,400 a year
- Not be in arrears with another lender
- Have had no default payments in the past six months
If completing a full application, we’ll also need you to provide us with your:
- Email address
- Date of birth
- Current employment and residential status
- Net monthly income
- Home address
Credit card cash withdrawal made simple when you apply with 118 118 Money
Want to withdraw money on your credit card without being charged?* Before you apply with us, check your eligibility to see if you’ll be approved and find out the credit limit we can offer.
*We don’t charge any fees. However, third-party vendors may have their own charges for using their ATM.