first direct Gold Credit Card review September 2019
Existing first direct current account holders can spread the cost of a large upcoming expenditure with 17 months of 0% interest on purchases.
0% interest on purchases
Up to 56 days
Interest-free each billing period
|Balance transfer fee||2.9% (min. £5)|
|Purchases||0% for 17 months reverting to 16.9%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||1|
|Incentive||Earn cashback with selected retailers via Visa Offers, customers can register up to five separate first direct Visa cards.|
If you already bank with first direct, the digital-only arm of HSBC, and are anticipating a large upcoming expenditure, this card could help you to spread the cost.
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.
Here’s everything you need to know about this 0% purchase card, plus a comparison of similar deals from other issuers.
How does this card compare with other similar cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (03 456 00 24 24), 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 to apply for the first direct Gold Card Visa
If you have compared cards and want to apply, 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 will need to make the process as straightforward as possible.