Post Office Money Travel Credit Card

This card is no longer available, but you can use our review to find alternatives.

The Post Office Money® Travel Credit Card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 24.93% (variable) p.a., your representative rate is 24.9% APR (variable).

0%

Foreign transaction charge

24.9%

Representative APR

£0

Account fee

Up to 56 days

Interest-free each billing period

Details

IssuerCapital One
NetworkMastercard
Annual/monthly fees£0
Balance transfers24.93%
Balance transfer fee3%
Purchases24.93%
Purchases interest-free periodUp to 56 days
Money transfers24.93%
Cash advances24.93%
Min credit limit£500
Max credit limitSubject to status: £6,000

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

The Post Office is a go-to when it comes to commission-free holiday money, so it’s no surprise that the brand should issue a credit card to help people save on their non-sterling spending. Most debit/credit cards charge a fee of around 3% of the value of the transaction when you spend in another currency, so the savings from choosing a specialist travel credit card can soon rack up.

However, cash withdrawals abroad will be subject to a currency conversion charge of 3% (minimum £3) with this card, so if you’re heading overseas, you’ll probably want to arrange to have some local currency in cash too.

When you use the card abroad, don’t forget that if a merchant offers to bill you in sterling, you should decline – otherwise it’ll be their bank’s currency conversion fees that will apply and not yours.

But aside from the fee-free currency conversion, this card doesn’t offer a huge amount to write home about. When you’re back from your hols, you may wish to consider your other options.

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

Pros and cons

Pros

  • 0% currency conversion can save you a lot if you travel regularly
  • There's no annual fee
  • APR is relatively low

Cons

  • Apart from fee-free currency conversion, there's not much else on offer
  • You'll still need to beware of foreign conversion fees on cash withdrawals

Other cards for overseas spending

Table: sorted by representative APR, promoted deals first
Name Product Purchases rate Foreign transaction fee Foreign cash transaction fee Interest-free days on foreign transactions Interest-free days on foreign cash transactions Representative example
The Royal Bank Credit Card (existing customers only)
12.9%
0%
3% (min. £3)
Up to 56 days
0 days
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).
The NatWest Credit Card (existing customers only)
12.9%
0%
3% (min. £3)
Up to 56 days
0 days
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 20 months reverting to 17.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
Bip Credit
29.95%
0%
0%
Up to 48 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 29.95% (variable) p.a., your representative rate is 29.9% APR (variable).
Ulster Bank Credit Card Mastercard
12.9%
0%
3% (min. £3)
Up to 56 days
0 days
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).
Metro Bank Personal Credit Card Mastercard
14.9%
0% within the EU and 2.99% in other countries
0%
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a., your representative rate is 14.9% APR (variable).
Nationwide Member Credit Card Balance Transfer Offer
0% for 3 months reverting to 19.9%
0%
2.5% (min. £3)
Up to 56 days
0 days
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 All Rounder Offer
0% for 15 months reverting to 19.9%
0%
2.5% (min. £3)
Up to 56 days
0 days
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
19.93%
0%
0%
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 19.93% (variable) p.a., your representative rate is 19.9% APR (variable).
Virgin Money Travel Credit Card
0% for 9 months reverting to 21.9%
0%
3%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Virgin Money 29 Month Balance Transfer Credit Card Mastercard
0% for 3 months reverting to 21.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Virgin Money 27 Month Balance Transfer Credit Card Mastercard
0% for 3 months reverting to 21.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Virgin Money 19 Month All Round Credit Card Mastercard
0% for 19 months reverting to 21.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Virgin Money Virgin Atlantic Reward Credit Card
22.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Barclaycard Rewards Visa
22.9%
0%
0%
Up to 56 days
Up to 56 days
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Virgin Money 16 Month Balance Transfer Credit Card Mastercard
0% for 3 months reverting to 27.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable).
Virgin Money 12 Month All Round Credit Card Mastercard
0% for 12 months reverting to 27.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable).
118 118 Money Guaranteed Rate Card
34%
0%
0%
Up to 51 days
Up to 51 days
Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable).
Zopa Credit Card Visa
34.9%
0%
0%
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).
Aqua Advance credit card
34.95%
0%
5% (min. £4)
Up to 48 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable).
Tesco Bank Clubcard Plus Credit Card Mastercard
0% for 24 months reverting to 19.944%
0%
3.99% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. with a fee of £7.99 per month, your representative rate is 37.7% APR (variable).
Royal Bank of Scotland Reward Black Credit Card Mastercard
21.9%
0%
3% (min. £3)
Up to 56 days
0 days
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).
NatWest Reward Black Credit Card Mastercard
21.9%
0%
3% (min. £3)
Up to 56 days
0 days
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).
Santander World Elite Mastercard
0% for 18 months reverting to 18.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £15 per month, your representative rate is 49.8% APR (variable).
Virgin Money Virgin Atlantic Reward Plus Credit Card
22.9%
0% within the EU and 2.99% in other countries
5%
Up to 50 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £160 per annum, your representative rate is 63.9% APR (variable).
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Approval for any credit card will depend 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.

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 either damaging your credit score, getting hit with a penalty fee (£12) 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 Post Office Money Travel Credit Card

Sorry – Post Office Money is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.

Frequently asked questions

What credit limit will I get with the Post Office Money® Travel 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 £500, while the maximum is £6,000. 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® Travel 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.

The cash advance fee on the Post Office Money® Travel 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 24.93% (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 Post Office Money® Travel Credit Card?

Each month you must pay at least 2% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £225.00 outstanding, you'd pay £5.00, and if you had £1,000.00 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.

Finder credit card ratings

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

Our experts score travel credit cards to determine their value against similar products on the market. We look at a number of important factors, like the cost for non-sterling transactions, any caveats or restrictions related to using your card overseas, travel-related 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.

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