Saga

Saga credit card review

Providing tailored products and services for over-50s for more than 60 years, Saga was one of the most trusted brands among its target market in that time.

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Important: As of March 2019, Saga no longer offers credit cards. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.

One of its most successful ventures was the subscription-only Saga magazine, which was mailed to more than 350,000 subscribers every month. Saga had entered the financial products market, with offerings apart from credit cards including equity release, savings, loans and wealth management.

Key features of the Saga credit card

Saga offered just a single credit card, provided by the Bank of Ireland. The card was an “all-rounder” – useful for a variety of requirements rather than being solely focused on a single function.

  • 0% foreign currency fees on transactions worldwide

    If you enjoy travelling and spending money abroad, this feature lets you use your card to pay for non-sterling goods and services and you’ll benefit from a 0% foreign currency conversion fee on these transactions.

    Learn more about cards designed for overseas spending

  • 0% on purchases

    Cards with an introductory 0% on purchases feature allow you to spread the cost of an upcoming purchase (or purchases). The 0% rate won’t last forever, remember, so you’ll want to aim to clear the balance before the 0% period ends and a significantly higher rate kicks in.

    Learn more about 0% purchase cards

  • 0% on balance transfers

    If you have an outstanding balance with another card issuer, that could be charging you a painful amount of interest, it needn’t stop you from switching to a new credit card. A 0% on balance transfers feature lets you bring your outstanding balance over to the new card and enjoy a 0% interest period. Aim to clear the balance before the end of this period, when a higher rate will kick in.

    Learn more about 0% balance transfer cards

Alternatives to a Saga credit card with no charge for foreign transactions

Table: sorted by representative APR, promoted deals first
Name Product Purchases Annual/monthly fees Representative APR Credit rating Link Incentive Representative example
The Royal Bank Credit Card
12.9%
£0
12.9% APR (variable)
Requires a good credit rating
Go to site
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
NatWest Credit Card
12.9%
£0
12.9% APR (variable)
Requires a good credit rating
Go to site
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Santander All in One Credit Card
0% for 15 months reverting to 23.9%
£3 per month
29.8% APR (variable)
Requires a good credit rating
Check eligibility
0.5% after £1 of monthly spend. Maximum of £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 £1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).
NatWest Reward Black Credit Card
21.9%
£84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
40.7% APR (variable)
Requires a good credit rating
Go to site
You'll earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum, your representative rate is 40.7% APR (variable).
Royal Bank of Scotland Reward Black Credit Card
21.9%
£84 per annum. Reward Black Current Account holders: £0 per annum
40.7% APR (variable)
Requires a good credit rating
Go to site
Earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: £0 per annum, your representative rate is 40.7% APR (variable).
Yonder Credit Card (only for London residents)
29.94%
1 month for £0, £15 per month thereafter
66.7% APR (variable)
Fair credit ratings considered
Go to site
First month free for new members, £15 p/m thereafter. Plus, 10,000 bonus points. Earn 5 points per £1 spent and up to 25 points per £1 at selected partners. Membership includes worldwide travel insurance and no FX fees.
Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a. with a fee of £15 per month, your representative rate is 66.7% APR (variable).
The Ulster Bank Credit Card Mastercard
12.9%
£0
12.9% APR (variable)
Requires a good credit rating
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
Nationwide Member Credit Card All Rounder
0% for 15 months reverting to 19.9%
£0
19.9% APR (variable)
Requires a good credit rating
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).
Nationwide Member Credit Card Balance Transfer
0% for 3 months reverting to 19.9%
£0
19.9% APR (variable)
Requires a good credit rating
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).
Halifax Clarity Credit Card Mastercard
23.94%
£0
23.9% APR (variable)
Requires a good credit rating
Representative example: When you spend £1,200 at a purchase rate of 23.94% (variable) p.a., your representative rate is 23.9% APR (variable).
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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.

What benefits could I expect from a SAGA credit card?

  • Extra security for online purchases. Saga’s credit card used the Verified by Visa system, which asks users to set up an extra layer of security, a kind of ‘belt and braces’ approach which means that, even if your PIN is discovered by thieves, it’s more difficult for them to use the card online.
  • Online account management. You could keep track of all your card spending, even when you used the Saga credit card overseas, and paid your card bill wherever you were.
  • Discounts on Saga cruise ships and holidays. You could get a 5% discount on things you bought on-board when you were on a Saga cruise, while many of Saga’s resorts also offered cardholders similar, exclusive savings. These varied between resorts, so it was best to check when you booked.
  • Fraud text alerts. A text-only phone number would send an SMS to your mobile if the card issuer noticed any activity on your card which it thought might be suspicious.

Applying for a Saga credit card

It was quick, easy and secure to apply for a Saga credit card online, and the process took about 15 minutes.

Eligibility requirements

To qualify for the Saga credit card, you needed to:

  • Be aged 50 or over.
  • Hold a UK bank account.
  • Have a permanent UK address (including the Channel Islands and Isle of Man).
  • Have a regular income of over £12,000 a year.

You should’ve ensured that you could meet the monthly repayments, as missed payments incured a charge and could’ve had severe consequences on your ability to obtain future credit.

Why might’ve your application not been approved?

If you met the broad criteria outlined above, but had a history of bad debt or no credit history, you could’ve been rejected. Also, if you’d been made the subject of a CCJ you may not have been accepted, and you were unlikely to be given a card if you’d ever declared bankruptcy.

Frequently asked questions

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.

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