Argos Classic Mastercard review 2021

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With uncompetitive rates and next-to-no perks, it's hard to see the appeal of the Argos Classic credit card.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable).

34.9%

Representative APR

£0

Account fee

3 months

0% interest on purchases

Up to 56 days

Interest-free each billing period

Details

IssuerNewDay Ltd
NetworkMastercard
Annual/monthly fees£0
Balance transfers34.95%
Balance transfer fee5%
Purchases0% for 3 months reverting to 34.95%
Purchases interest-free periodUp to 56 days
Cash advances44.94%
Min credit limit£250
Max credit limitNot specified
Additional cards available4
Minimum Age18
ResidencyUK resident, lived in the UK for last 12 mths, current UK bank account, a home or mobile phone number and regular income
AvailabilityAvailable to new customers
Annual/monthly fees£0
Balance transfer fee5%
Foreign usage charge (EU)2.75%
Foreign usage charge (rest of world)2.75%
Cash advance fee3% (min. £3)
Late payment fee£12
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0

Expert review

Tom Stelzer

Review by


Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.

Expert review

As the name suggests, the Argos Classic credit card is hardly bringing anything new to the table in terms of features.

Beyond the fairly derisory introductory interest-free offer and a temporary spend card that can let you make purchases immediately on the Argos website, there’s little to recommend it.

The purchase rate is certainly on the expensive side, and the same can be said for both balance transfers and cash advances.

While it’s relatively easy to check your eligibility, it’s hard to imagine that you wouldn’t be able to find a more competitive card somewhere else.

M&S Bank Shopping Plus Credit Card

M&S Bank Shopping Plus Credit Card

  • 0% on balance transfers for 16 months
  • 0% on purchases for 18 months
  • No annual fee

Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

Promoted

Pros and cons

Pros

  • Three months to spread the cost of purchases
  • No annual fee

Cons

  • Relatively high balance transfer fee

How does this card compare with other similar cards on the market?

Argos Classic Mastercard

Data updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
Argos Classic Mastercard
0% for 3 months reverting to 34.95%
34.95%
(5% fee)
£0
34.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable).
More Info
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Similar cards

Table: sorted by representative APR, promoted deals first
Data updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
M&S Bank Shopping Plus Credit Card
0% for 18 months reverting to 19.9%
0% for 16 months
(2.9% fee)
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Check eligibility
More Info
Sainsbury's Bank Dual Offer Credit Card Mastercard
0% for 20 months reverting to 21.95%
0% for 20 months
(3% fee)
£0
21.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
More Info
Halifax 0% Purchase and Balance Transfer Mastercard
0% for 17 months reverting to 19.95%
0% for 17 months
(2.99% fee)
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
More Info
Sainsbury's Bank Balance Transfer Credit Card Mastercard
0% for 3 months reverting to 21.95%
0% for 29 months
(3% fee)
£0
21.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
More Info
Sainsbury’s Bank No Balance Transfer Fee Credit Card
0% for 3 months reverting to 21.95%
0% for 18 months
(0% fee)
£0
21.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
More Info
loading

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through NewDay Ltd's app, by logging in to your online banking or over the phone (0345 266 0849). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Argos Classic Mastercard

If you've compared cards and want to apply, completing the secure online application form takes about 15 minutes. During the application, you should expect a search to be made of your credit history, which allows the lender to make a quick decision on your application.

Frequently asked questions

What credit limit will I get with the Argos Classic Mastercard?

If NewDay Ltd is able to offer you this deal, the offer will specify a personalised credit limit based on NewDay Ltd's assessment of your situation. The minimum limit offered on this card is £250 and NewDay Ltd does not specify a maximum. Once you've had the card for a while and shown NewDay Ltd that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Argos Classic Mastercard?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Argos Classic Mastercard is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 44.94%, which is 29% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Argos Classic Mastercard abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£172.77), it'll cost you around £4.75.

What is the minimum payment on the Argos Classic Mastercard?

Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

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You can read more about our scoring criteria on our credit card methodology page.

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