First Trust Bank Student Mastercard review November 2019

A straightforward card designed to give existing First Trust Bank account holders financial freedom and convenience during their student days.

Finder 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).

12.9%

Representative APR

£0

Account fee

Up to 56 days

Interest-free each billing period

Details

IssuerFirst Trust Bank
NetworkMastercard
Annual/monthly fees£0
Min. credit limit£300
Max credit limitNot specified
Credit limit noteSubject to status
Purchases12.9%
Purchases interest-free period (days)56
Additional cards available1

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

If you don’t anticipate carrying a balance from month-to-month, then a student credit card can offer a smart way to deal with unexpected costs and take control of your finances while studying.

Provided you pay your balance in full and on time each month, you won’t incur any interest on purchases or cash advances (taking out cash from the card) because the card comes with up to 56 days of 0% interest on your purchases each billing cycle.

To apply you need to be 18 or over, a full-time student and resident in the UK. You will also need to hold an existing First Trust Bank account.

How does this card compare with other student cards on the market?

Table: sorted by representative APR, promoted deals first
Updated November 18th, 2019
Name Product Purchases Annual/monthly fees Credit limits Rep. APR Incentive Representative example
12.9%
£0
Min. limit £300, max. limit not specified.
12.9% p.a. (variable)
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).
0% for 3 months reverting to 17.9%
£0
Min. limit not specified, max. limit £350.
17.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a., your representative rate is 17.9% APR (variable).
18.94%
£0
Min. limit £350, max. limit £350.
18.9% p.a. (variable)
Representative example: When you spend £350 at a purchase rate of 18.94% (variable) p.a., your representative rate is 18.9% APR (variable).
18.95%
£0
Min. limit £250, max. limit £500.
18.9% p.a. (variable)
Representative example: When you spend £500 at a purchase rate of 18.95% (variable) p.a., your representative rate is 18.9% APR (variable).
18.95%
£0
Min. limit £250, max. limit £500.
18.9% p.a. (variable)
Representative example: When you spend £500 at a purchase rate of 18.95% (variable) p.a., your representative rate is 18.9% APR (variable).
18.9%
£0
Min. limit not specified, max. limit £500.
18.9% p.a. (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £500 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
19.95%
£0
Min. limit £500, max. limit £1,000.
19.9% p.a. (variable)
Representative example: When you spend £1,000 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).

Compare up to 4 providers

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.

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0345 6005 925), 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 Trust Bank Student Mastercard

If you have compared your options and want to apply, you’ll need to call First Trust (or request a callback) or head to a branch. A credit check and affordability assessment will be performed based on the information you’ve given, and you will normally receive a quick decision. Once approved, you should receive your new First Trust Bank credit card within 3-5 working days.

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.

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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