Compare Metro Bank credit cards for July 2020
When this "challenger bank" launched in 2010 it was the first high street bank to open in the UK in more than a century. Its credit card is refreshingly straightforward, with low rates and fees across the board.
UK banks have never particularly enjoyed a reputation for being dynamic and quick to adapt. Enter Metro Bank, with its high street “stores” which open seven days a week, and its straightforward approach to banking products.
Metro Bank’s credit card uses the Mastercard network, so it can be used pretty much anywhere that takes card. To apply for one, you’ll need to visit a branch.
Metro Bank credit cards
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.
Key features of the Metro Bank card
The Metro Bank card is an “all-rounder”, designed for versatility and to cover a variety of needs.
- Low rate on balance transfers and purchases.
Rather than a 0% offer for a few months followed by a much higher rate, this card comes with one low rate for purchases and balance transfers, indefinitely. The rate is variable, not fixed, so it is subject to change however.
Learn more about low rate cards
- Fee-free transactions in most European countries.
Going abroad? You’ll be able to withdraw cash and make purchases on your card without incurring a fee.
Learn more about cards for overseas spending
- No annual fee.
There’s not much in the way of fees with this card, which makes it easier to weigh up if it makes financial sense for you. Transactions outside of Europe, and late payments will incur a charge however.
Learn more about cards with no annual fee
What benefits can I expect from a Metro Bank credit card?
- It’s accepted widely. Metro Bank credit cards are issued on the Mastercard network, so it can be used at more than 35 million merchants and ATMs worldwide.
- Customer services phoneline staffed seven days a week. You can contact Metro Bank to carry out a range of transactions or make changes to the details on your credit card account 365 days a year.
- Additional card holders. You can nominate an additional cardholder using your internet banking, provided they are over 18 years old and a UK resident.
- Fraud text alerts. A text-only phone number will send an SMS to your mobile if the card issuer notices any activity on your card which it thinks might be suspicious.
When it comes to repayments, you can make manual repayments online or over the phone (0345 08 08 500), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 do I apply?
Here’s the kicker: you have to go to a “store”. The good news is that Metro Bank can then print the card for you in-store while you wait. Before you head to a store, check the eligibility requirements and docs you’ll need below.
- Aged 18 or over
- Resident in the UK.
- You should ensure that you can meet the monthly repayments, as missed payments incur a charge and afect your ability to obtain future credit.
What you’ll need
- Proof of income (latest 3 months’ payslips or latest 3 months’ bank statements showing receipt of salary)
- Proof of ID (passport, driving licence, EU member state National ID Photocard, council tax or utility bill, bank statement)
If you’re self-employed, you’ll need either your P60 from the most recent tax year, your latest HMRC Tax Return (SA302), a formal letter from your employer verifying income and contract length, or your latest 3 months’ statements where a regular and specific income can be identified.
Why might your application not be approved?
If you meet the broad criteria outlined above, but have a history of bad debt or no credit history, you could be rejected. If you have been made the subject of a CCJ you may not be accepted. You’re also unlikely to be offered a card if you have declared bankruptcy.
Frequently-asked questions about Metro Bank credit cards
Find the right card for you
Read more on this topic
Zopa credit card review July 2020 The peer-to-peer lender will soon be offering a variable rate credit card along with a fixed-term savings account. See how it compares in our review.
The UK's best credit cards of 2020 The best credit cards available right now: longest 0% interest deals, highest cashback earn-rates and more.
TSB Advance Mastercard review 2020 TSB's entry into the low-APR credit card fray has one major catch: no ongoing interest-free grace period.
Find credit cards you can get approved for – with no effect on your credit score Let Finder check your chances of getting approved for a range of popular UK credit cards.
Compare Amazon credit cards for July 2020 See how Amazon credit cards compare and how you can earn Amazon rewards points today.
What to do if you’ve received a "persistent debt" letter or your card has been suspended If you have a credit card, persistent debt can have serious consequences for your finances. Here's what it means and how you can fix it.
Virgin Money Month Purchases Credit Card review Spread the cost of an upcoming expenditure without paying a penny in interest with this 0% deal from Virgin Money.
Billhop review Earn more reward points and get more time to pay your bills with Billhop, a service that lets you pay by credit card even when you (theoretically) can't.
Black credit cards Black credit cards are the cream of the credit card crop. See how they work and if you're eligible to get one.
American Express withdraws two credit cards from the market You can't apply for the Amex Rewards Purchases or for the Amex Rewards Low Rate credit cards anymore but there are alternatives.