What is 118 118 Money’s No Foreign Transaction Fee Credit Card?
It’s the overseas credit card to help you get away. A specialist international credit card that promises there’ll be no fees from us for using it abroad.
With many of the best credit cards for travel abroad, the headline rates might look attractive – but some charge you interest on any cash you withdraw overseas. And that can add to the cost of your holiday without you even realising it.
But the 118 Money Credit Card does things differently.
You can get a credit limit of up to £2,000 and there’s one simple, flat interest rate. There’s also up to 51 days in interest-free purchases and cash withdrawals if you pay your balance off in full each month. Better still, there are no fees. And we mean exactly that. Dollar, euro or yen – we won’t charge a thing when you use it abroad.
So, no horrible surprises to come home to.
Using the 118 118 Money Credit Card abroad
Using a credit card abroad often means paying for the privilege – the cost of paying in a foreign currency or incurring a fee for taking out cash from the airport ATM, for example.
Think of it like this.
You take out £50 from an ATM in France. It could cost you £1.50 extra for taking your cash out in euros. Add another £1.50 for using your card at an ATM. Now imagine doing this a few times while on holiday. See how quickly the costs can build up?
We thought there had to be an easier way. So, we’ve created the 118 118 Money Credit Card – where all you’ll pay is one simple, manageable interest rate.
No fees for using an ATM*. No fees for paying in dollars, euros, yen or any other currency.
No extra fees full stop.
So, rest assured that using your credit card abroad won’t add extra charges to your next statement.
*We do not charge any fees. However, third-party vendors may charge you for using their ATM.
How much will a No Foreign Transaction Fee Credit Card cost each month?
By creating our no foreign transaction fee credit card, we’re trying to keep it simple for you. As long as you’ve not missed a payment, the minimum repayment will be the greater of:
• 3.5% of the balance shown on your statement, as well as any interest charges and/or any over limit amount
• or a minimum of £10 (or the full balance shown on your statement if less than £10).
You’ll get up to 51 days interest-free for purchases and cash withdrawals if you choose to pay your balance in full each month.
Am I eligible for a Credit Card that’s free to use abroad?
Before you apply, use our eligibility checker, which will give you an idea of whether you’ll be approved as well as the credit limit we’ll be able to offer. And you can get all of that without it affecting your credit score.
To apply, you’ll need to:
• Be between 18 and 70 years old
• Earn at least £8,400 a year
• Live in the UK permanently
• Not currently be in arrears with another lender
• Have had no default payments in the last six months
When checking your eligibility, we’ll ask for your:
• Email address
• Date of birth
• Current employment and residential status
• Net monthly income
• Home address