In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Fees
Argos Classic Mastercard
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 39.94% (variable) p.a., your representative rate is 39.9% APR (variable).
Account fee
0% interest on purchases
3 months
Interest-free each billing period
Up to 56 days

Our verdict

This card is no longer available, but you can use our review to find alternatives.

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

Beyond the fairly uninspiring 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.


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


  • Relatively high balance transfer fee
  • A punishing interest rate of 49.94% on cash withdrawals
  • You may be offered an opening credit limit as low as £250

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Fees


Product details

Issuer NewDay Ltd
Network Mastercard
Annual/monthly fees £0
Balance transfers 39.94%
Balance transfer fee 5%
Purchases 0% for 3 months reverting to 39.94%
Purchases interest-free period Up to 56 days
Cash advances 49.94%
Maximum credit limit Subject to status
Additional cards available 4
Potential costs 2.0 ★★★★★
Doing its job 3.0 ★★★★★
Extras 2.0 ★★★★★
Overall Finder score 2.0 ★★★★★


Minimum Age 18
Min income Not specified
Residency UK resident, lived in the UK for last 12 mths, current UK bank account, a home or mobile phone number and regular income
Availability Available to new customers


Annual/monthly fees £0
Balance transfer fee 5%
Foreign usage charge (EU) 2.75%
Foreign usage charge (rest of world) 2.75%
Cash advance fee 3% (min. £3)
Late payment fee £12
Exceeding limit fee £12
Additional card fee £0
Dormancy fee £0

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

Argos Classic Mastercard

1 - 1 of 1
Name Product Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
Argos Classic Mastercard
0% for 3 months reverting to 39.94%
(5% fee)
39.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 39.94% (variable) p.a., your representative rate is 39.9% APR (variable).

Similar cards

Table: sorted by representative APR, promoted deals first
1 - 2 of 2
Name Product Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
M&S Bank Credit Card Shopping Plus Offer Mastercard
0% for 18 months reverting to 23.9%
0% for 15 months
(3.49% fee)
23.9% APR (variable)
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Halifax 0% Purchase and Balance Transfer Mastercard
0% for 17 months reverting to 24.94%
0% for 17 months
(2.99% fee)
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.94% (variable) p.a., your representative rate is 24.9% APR (variable).

Approval for any credit card depends on your status. The representative APRs shown represent 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.

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 offers you this deal, it 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 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" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) 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 49.94%, which is 25% more than the standard purchase 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 (£169.02), it'll cost you around £4.65 in fees.

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 2 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.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score credit cards to determine their value against similar products on the market. We look at a number of important factors, like its suitability for its intended purpose, any perks/extras it brings to the table, plus the potential costs involved with running the card both in the short and longer term.

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

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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