In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

first direct Gold Credit Card review

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first direct Gold Credit Card
3.0
β˜…β˜…β˜…β˜…β˜…
Finder score
Representative example:
When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
0% interest on purchases
12 months
Balance transfer fee
0%
Account fee
Β£0

Our verdict

Existing first direct current account holders can spread the cost of a large upcoming expenditure with 12 months of 0% interest on purchases.

This is a decent (although not spectacular) 0% purchase card. If you already bank with first direct, the digital-only arm of HSBC, and are anticipating a large upcoming expenditure, it could help you to spread the cost. The 0% deal isn’t super long, but it does the job.

There's also no annual or monthly fee to worry about. However, don't forget that after the introductory 0% period expires, any outstanding balance will start to accrue interest at the card's standard rate. Make sure you have a plan to pay it off before that happens.

This card is only available to existing customers and you can’t get a balance transfer deal on it. If that’s what you’re looking for, you may want to check out first direct’s other credit card instead.

You don’t wanna take this card on holiday with you abroad (or maybe you do, but just to take it for a ride - you definitely don’t want to use it!) because it charges a 2.99% foreign currency transaction fee. Which means that for every Β£100 you spend in another currency, you’ll owe Β£2.99 to first direct. Not good.

On a happier note, you can score some nice rewards with this card thanks to the Visa Offers scheme. If you subscribe, you’ll get cashback when you use the card at certain retailers.

Pros

  • A year to spread the cost of purchases
  • No annual fee

Cons

  • Applicants with low credit scores are unlikely to be eligible
  • Only available to existing customers

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

Details

Product overview

Issuer first direct
Network Visa
Annual/monthly fees Β£0
Balance transfers 24.9%
Balance transfer fee 0%
Purchases 0% for 12 months reverting to 24.9%
Purchases interest-free period Up to 56 days
Cash advances 29.9%
Minimum credit limit Β£500
Maximum credit limit Subject to status
Additional cards available 1
Potential costs 3.0 β˜…β˜…β˜…β˜…β˜…
Doing its job 3.0 β˜…β˜…β˜…β˜…β˜…
Extras 1.0 β˜…β˜…β˜…β˜…β˜…
Overall Finder score 3.0 β˜…β˜…β˜…β˜…β˜…

Fees and charges

Minimum monthly payment 3% or Β£5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance.
Annual/monthly fees Β£0
Balance transfer fee 0%
Foreign usage charge (EU) 2.99%
Foreign usage charge (rest of world) 2.99%
Cash advance fee 2.99% (min. Β£3)
Late payment fee Β£12
Duplicate statement fee Β£5
Exceeding limit fee Β£12
Additional card fee Β£0
Dormancy fee Β£0

Application requirements

Minimum Age 18
Minimum income Β£6,800
Availability Available to existing customers

The first direct Gold Credit Card is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.

How does it compare?

First Direct's card

1 - 1 of 1
Name Product Finder score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
first direct Gold Credit Card
3.0
β˜…β˜…β˜…β˜…β˜…
0% for 12 months reverting to 24.9%
24.9%
(0% fee)
Β£0
24.9% APR (variable)
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
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Other popular 0% purchases deals

Table: sorted by representative APR, promoted deals first
Name Product Finder score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
Royal Bank of Scotland Purchase & Balance Transfer Credit Card
4.0
β˜…β˜…β˜…β˜…β˜…
0% for 19 months reverting to 24.9%
0% for 19 months
(2.99% fee)
Β£0
24.9% APR (variable)
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
NatWest Purchase & Balance Transfer Credit Card
4.0
β˜…β˜…β˜…β˜…β˜…
0% for 19 months reverting to 24.9%
0% for 19 months
(2.99% fee)
Β£0
24.9% APR (variable)
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
HSBC Purchase Plus Credit Card
4.0
β˜…β˜…β˜…β˜…β˜…
0% for 18 months reverting to 24.9%
0% for 16 months
(3.49%, min Β£5 fee)
Β£0
24.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend Β£1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable). You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
Check eligibility
Santander All in One Credit Card
4.5
β˜…β˜…β˜…β˜…β˜…
0% for 15 months reverting to 23.9%
0% for 15 months
(0% fee)
Β£3 per month
29.8% APR (variable)
0.5% after Β£1 of monthly spend. Maximum of Β£10 cashback paid per month. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend Β£1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of Β£3 per month, your representative rate is 29.8% APR (variable).
Check eligibility
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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.

Repayment options

You can make manual repayments through First Direct's app by logging in to your online banking or over the phone (03 456 00 24 24). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and losing your promotional interest rate as a result (as well as damaging your credit score and incurring the late payment fee of Β£12). If you're planning a major expenditure, you could use a fixed-amount direct debit to ensure you've cleared the debt before the 0% period expires – simply divide your initial expenditure by 12 to see what you'll need to pay each month (this assumes you don't use the card for ongoing spending).

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

If you're an existing First Direct customer and you've compared cards and settled on the first direct Gold Credit Card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.

Frequently asked questions

What credit limit will I get with the first direct Gold Credit Card?

If First Direct offers you this deal, it will specify a personalised credit limit based on First Direct's assessment of your situation. The minimum limit offered on this card is Β£500, and First Direct does not specify a maximum. Once you've had the card for a while and shown First Direct you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the first direct Gold 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 first direct Gold Credit Card is 2.99% (min. Β£3). For example, if you withdraw Β£50, you'll incur a fee of Β£3.00. Withdraw Β£250 and you'll incur a fee of Β£7.48.

The interest rate on this part of your balance will be 29.9%, which is 20% 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 first direct Gold Credit Card abroad?

Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (Β£170.75), it'll cost you around Β£5.11 in fees.

What is the minimum payment on the first direct Gold Credit Card?

Each month, you must pay at least 3% of your balance at that point or Β£5.00 – whichever of the 2 figures is greater. So if you had, say, Β£150.00 outstanding, you'd pay Β£5.00, and if you had Β£666.67 outstanding, you'd pay Β£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

β˜…β˜…β˜…β˜…β˜… β€” Excellent
β˜…β˜…β˜…β˜…β˜… β€” Good
β˜…β˜…β˜…β˜…β˜… β€” Average
β˜…β˜…β˜…β˜…β˜… β€” Subpar
β˜…β˜…β˜…β˜…β˜… β€” Poor

Our experts score 0% purchase credit cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the 0% deal, any perks/benefits the card offers, 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.

Your reviews

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