In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements
  • Your reviews

Metro Bank Credit Card review 2024

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Metro Bank Personal Credit Card Mastercard
4.0
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
Account fee
£0
Interest-free each billing period
Up to 56 days
Minimum credit limit
£500

Our verdict

Metro Bank's straightforward credit card comes with a single ongoing low rate, but in-store application..

Available in-branch only, Metro Bank's card is a no-frills option – you won't find headline-grabbing 0% offers, just a competitively low (albeit variable) ongoing rate.

This might particularly appeal to those who are new to credit cards – which can be complicated to say the least, and more usually come with different rates for purchases, balance transfers and cash withdrawals.

There are no fees when you use this card overseas within Europe, and there's also no annual/monthly fee to worry about.

Pros

  • No annual fee

Cons

  • Applicants with low credit scores are unlikely to be eligible

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements
  • Your reviews

Details

Product Overview

Issuer Metro Bank
Network Mastercard
Annual/monthly fees £0
Purchases 18.9%
Purchases interest-free period Up to 56 days
Cash advances 18.9%
Minimum credit limit £500
Maximum credit limit Subject to status
Additional cards available 1
Potential costs 4.5 ★★★★★
Doing its job 4.0 ★★★★★
Extras 3.5 ★★★★★
Overall Finder score 4.0 ★★★★★

Fees and charges

Minimum monthly payment 5% or £20 (whichever is greater) or the total of any interest, default fees and charges plus 5% of the outstanding balance.
Annual/monthly fees £0
Foreign usage charge (EU) 0%
Foreign usage charge (rest of world) 2.99%
Cash advance fee 0%
Late payment fee £0
Duplicate statement fee £0
Exceeding limit fee £0
Additional card fee £0
Dormancy fee £0

Application Requirements

Minimum Age 18
Availability Available to new customers

The Metro Bank Personal Credit Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.

Other cards with no fees on non-sterling transactions

Table: sorted by representative APR, promoted deals first
Name Product Rating Finder score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
Santander All in One Credit Card
Finder score
★★★★★
★★★★★
Expert analysis
0% for 15 months reverting to 23.9%
0% for 15 months
(0% fee)
£3 per month
29.8% APR (variable)
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).
Check eligibility
The Royal Bank Credit Card
Finder score
★★★★★
★★★★★
Expert analysis
12.9%
12.9%
(0% fee)
£0
12.9% APR (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).
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NatWest Credit Card
Finder score
★★★★★
★★★★★
Expert analysis
12.9%
12.9%
(0% fee)
£0
12.9% APR (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).
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Royal Bank of Scotland Reward Black Credit Card
Finder score
★★★★★
★★★★★
Expert analysis
21.9%
21.9%
(0% fee)
£84 per annum. Reward Black Current Account holders: £0 per annum
40.7% APR (variable)
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).
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NatWest Reward Black Credit Card
Finder score
★★★★★
★★★★★
Expert analysis
21.9%
21.9%
(0% fee)
£84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum
40.7% APR (variable)
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).
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Yonder Credit Card (only for London residents)
Finder score
★★★★★
★★★★★
Expert analysis
29.94%
N/A
1 month for £0, £15 per month thereafter
66.7% APR (variable)
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).
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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

Repayment options

You can make manual repayments through Metro Bank's app by logging in to your online banking or over the phone (0345 08 08 500). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, or losing any promotional rates as a result (although there's no penalty fee for late payments to worry about, there are still plenty of other good reasons not to miss a payment).

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

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.

Eligibility

  • 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

What credit limit will I get with the Metro Bank Personal Credit Card?

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

Can I withdraw cash using the Metro Bank Personal 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.

There's no cash advance fee on the Metro Bank Personal Credit Card.

The interest rate on this part of your balance will be 18.9% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

What is the minimum payment on the Metro Bank Personal Credit Card?

Each month, you must pay at least 5% of your balance at that point or £20.00 – whichever of the 2 figures is greater. So if you had, say, £390.00 outstanding, you'd pay £20.00, and if you had £1,600.00 outstanding, you'd pay £80.00.

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

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score low rate credit cards to determine their value against similar products on the market. We look at a number of important factors, like exactly how low the low rate is, any perks/benefits, 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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