Post Office Money Classic Credit Card review 2021

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A versatile balance transfer card that doesn't require credit score perfection.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% APR (variable).


Minimum credit limit

Up to 56 days

Interest-free each billing period


Representative APR


Account fee


IssuerCapital One
Annual/monthly fees£0
Balance transfers34.94%
Balance transfer fee2.9%
Purchases interest-free periodUp to 56 days
Money transfers34.94%
Cash advances34.94%
Min credit limit£200
Max credit limitSubject to status: £8,000

Review by

Chris Lilly is a publisher at 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

Post Office Money hasn’t exactly attempted to turn the world of credit cards upside down with this slightly unremarkable card. Instead, you’ll get a straightforward option that’s available to a fairly broad range of credit scores. You can check whether or not you’d be eligible, without affecting your credit score, using Post Office Money’s eligibility checker.

The card is perhaps most competitive as a balance transfer option for those with less than perfect credit scores – going up against specialist cards from the likes of Barclaycard and fluid. These cards allow you to transfer across debt from another credit card (for a fee) in order to save money on interest. Just bear in mind that the specific terms can vary from applicant to applicant, so if you use the eligibility checker and are offered a card take a close look at the rates and the length of any 0% periods.

The card also lets you spread the cost of an upcoming expenditure for up to months without incurring any interest.

After the 0% periods have expired, realistically there’s not a lot to persuade users to hang on to this card.

Important: From the start of October, all Post Office Money credit card accounts will be transferred to the provider Jaja Finance. If you’re an existing Post Office Money card customer, you will automatically be sent a new card, and your current card will cease to work 30 days afterwards. Your card account terms, including your PIN and credit limit, will not change.

The Post Office Money® Classic Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.


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Pros and cons


  • If eligible, the 0% balance transfer and purchase periods are fairly competitive
  • There's no annual fee
  • Could be a suitable option for those with bad credit
  • You can check your eligibility with the Post Office's QuickCheck service


  • Beyond the potential 0% periods, there's not much else to recommend
  • The variable APR can also vary quite a bit, and you might end up with a high rate

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

Table: sorted by length of 0% balance transfer offer, promoted deals first
Data updated daily
Name Product Rep. APR Balance transfers Initial credit limits Balance transfer limit (% of credit limit) Link Incentive Representative example
Fluid Credit Card
0% for 9 months
(4% fee)
Min. limit £250, max. limit not specified.
Representative example: When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% APR (variable).
Capital One Balance Transfer Mastercard
0% for 6 months
(3% fee)
Min. limit £200, max. limit £1,500.
Representative example: When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% 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

You can make manual repayments through Post Office Money's app, by logging in to your online banking or over the phone . Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) 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 Post Office Money Classic Credit Card

You can apply online in 10-15 minutes. Before you can apply, you'll be prompted to use the "QuickCheck" eligibility checker. This will give you a clear picture as to whether or not it's worth applying, without hurting your credit rating. If it's good news and you opt to actually apply, Post Office Money will run a full credit check, which has a small (and usually short-lived) impact on your credit score.

Once you're approved, it takes up to two weeks to receive your new credit card. You'll get your PIN first, then your card a day or so later. When you've got your card, you can activate it and register for online banking (then you can start tracking the card in the app too).

The first time you use your new card, you'll need to enter the PIN – from then on you can go contactless to your heart's content (unless your heart wants to spend more than £45, in which case you'll need that PIN again).

Frequently asked questions

What credit limit will I get with the Post Office Money® Classic Credit Card?

If Post Office Money is able to offer you this deal, the offer will specify a personalised credit limit based on Post Office Money's assessment of your situation. The minimum limit offered on the card is £200, while the maximum is £8,000. Once you've had the card for a while and shown Post Office Money that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Post Office Money® Classic Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Post Office Money® Classic Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 34.94%, which is the same as the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Post Office Money® Classic Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£174.17), it'll cost you around £4.79.

What is the minimum payment on the Post Office Money® Classic Credit Card?

Each month you must pay at least 3% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £150.00 outstanding, you'd pay £5.00, and if you had £666.67 outstanding, you'd pay £20.00.

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.

Can I transfer money from the Post Office Money® Classic Credit Card to a bank account?

Yes. That's what's known as a "money transfer" (rather than a "balance transfer") in credit card jargon. You can arrange this from your online banking or using Post Office Money's app. This part of your card balance will incur interest of 34.94%. The fee for a money transfer is 2.9%.

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Our experts score credit builder credit cards to determine their value against similar products on the market. We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, 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.

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