The Cashplus Credit Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.
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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.
You can make manual repayments through Cashplus's app by logging in to your online banking or over the phone (0330 024 0924). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) 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:
How to apply
If you're a Cashplus customer and have received an email or a letter inviting you to apply for its credit card, then you can do it. As of February 2019, the Cashplus credit card is not open to spontaneous applications.
Once you've got the invitation code, looked around and decided this credit card has got what you're looking for, you can apply online. Cashplus says it shouldn't take more than a few minutes, and it'll let you know instantly whether your application has been successful.
Frequently asked questions
What credit limit will I get with the Cashplus Credit Card?
If Cashplus offers you this deal, it will specify a personalised credit limit based on Cashplus's assessment of your situation. The minimum limit offered on the card is £100, while the maximum is £3,000. Once you've had the card for a while and shown Cashplus you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the Cashplus Credit Card?
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 Cashplus Credit Card 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 Cashplus Credit Card abroad?
Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£171.13), it'll cost you around £5.12 in fees.
What is the minimum payment on the Cashplus Credit Card?
Each month, you must pay at least 3% of your balance at that point or £10.00 – whichever of the 2 figures is greater. So if you had, say, £316.67 outstanding, you'd pay £10.00, and if you had £1,333.33 outstanding, you'd pay £40.00.
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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Our experts score credit builder credit cards to determine their value against similar products on the market. We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, 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.
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. 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.