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:
- Email address
- Date of birth
- Current employment and residential status
- Net monthly income
- 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.