Pulse Card review 2022

NewDay is replacing all its existing NewDay credit cards with the Pulse Card.

We take a closer look at the new Pulse credit card to see how it works.

  • Earn cashback as you spend
  • You must already be a NewDay customer to be eligible
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If you are a current NewDay customer and have been invited to transfer to a Pulse Card, your interest rate and credit limit will remain the same.

Details

NetworkMastercard
PurchasesYour interest rate will stay the same as your current NewDay card
Maximum credit limitSubject to status
Incentive
Get 0.25% cashback every time you shop, up to a maximum of £150 cashback per year

Pros and cons

Pros

  • Earn cashback as you spend
  • Manage your account online or via the app
  • No annual fees
  • No credit check or application is necessary for NewDay cardholders

Cons

  • You must already be a NewDay customer to be eligible
  • Interest applies to unpaid balances
  • If you have more than one NewDay card, only one will be replaced and the rest will be closed
  • Foreign transaction fees apply for spending abroad

What is the Pulse Card?

The Pulse Card is a new Mastercard credit card from NewDay and it replaces all existing NewDay credit cards. You can use the Pulse Card wherever the Mastercard logo is displayed.

The Pulse Card works in the same way as any other credit card, enabling you to buy items now and pay for them later. You’ll be sent a bill each month and if you pay off the balance in full, you won’t pay any interest. If you choose to pay off a smaller amount, the remaining balance will be carried over to the next month and you’ll be charged interest.

On top of this, the credit card enables you to earn cashback on your spending, as we explain below.

Main features of the Pulse Card

The key features of the Pulse Card are outlined below:

  • Get 0.25% cashback every time you shop, up to a maximum of £150 cashback per year
  • Option to pay with contactless, Google Pay or Apple Pay
  • New Pulse app to help you keep track of your account 24/7 and freeze and unfreeze your card if needed
  • No annual fees

How do I get a Pulse Card?

The Pulse credit card is offered by invitation only, which means you’ll only be able to get one if you’re an existing NewDay cardholder. If you are, you should have recently received a letter explaining that your existing NewDay card will be replaced by the Pulse Card.

The letter will include instructions about how to get and activate your new card. This will involve signing in to the Online Account Manager on the Pulse website and downloading the Pulse app (you should be able to use your existing NewDay login details).

You must activate your Pulse Card within 90 days of receiving it and you will not be able to use your existing NewDay card once your Pulse Card has been activated.

As you’re an existing NewDay cardholder, no credit checks will need to be carried out before you receive your new card. What’s more, your existing NewDay card credit balance, credit limit, rates and charges will all be carried across to the Pulse Card.

What if I have more than one NewDay card?

If you have more than one NewDay card, your letter will explain which card you’re being invited to replace with a Pulse Card. All other card accounts will close and you will no longer be able to use them from the date specified in your letter. However, you will still be responsible for making at least the minimum monthly repayment on the card(s) until your balance has been repaid in full.

If you would prefer not to be sent a Pulse Card, you’ll need to follow the steps in the letter you’ve been sent and your account will then be closed. Again, you will still be required to repay any remaining balance in full.

The verdict

If you’re an existing NewDay cardholder, being transferred over to the new Pulse credit card should be a relatively straightforward process. You’ll get the same credit limit and interest rate and you’ll be able to benefit from a refreshed app and the chance to earn cashback.

However, overall, the Pulse credit card doesn’t offer anything hugely special and there are more competitive cashback options out there. For example, the American Express Platinum Cashback Everyday card lets you earn 5% cashback for the first 3 months, up to £100, and between 0.5% and 1% cashback on spending after that. So you’ll need to weigh up whether it’s worth sticking with Pulse or moving elsewhere.

How does it compare with other cashback deals?

Table: sorted by representative APR, promoted deals first
Name Product Rewards earn rate Max. intro bonus Purchases Representative APR Link Incentive Representative example
American Express® Platinum Cashback Everyday Credit Card
1% cashback
£100
27.2%
27.2% APR (variable)
Check eligibility
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 27.2% (variable) p.a., your representative rate is 27.2% APR (variable).
American Express® Platinum Cashback Credit Card
1.25% cashback
£125
27.2%
32.6% APR (variable)
Check eligibility
New cardmember offer: Get 5% cashback on your purchases (up to £125) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 27.2% (variable) p.a. with a fee of £25 per annum, your representative rate is 32.6% APR (variable).
Payhawk Corporate Visa Card
1.5% cashback
N/A
0%
APR (variable)
Earn up to 1.5% cashback on all eligible card spend up to the amount of your subscription.
Pulse Card Mastercard (existing NewDay customers only)
1 point per £4 spent
N/A
Your interest rate will stay the same as your current NewDay card
APR (variable)
Get 0.25% cashback every time you shop, up to a maximum of £150 cashback per year
If you are a current NewDay customer and have been invited to transfer to a Pulse Card, your interest rate and credit limit will remain the same.
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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.

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Review by


Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers and is a keen baker in her spare time.

Expert review

The new Pulse credit card is “invitation only”, which means it’s only being offered to existing NewDay cardholders. If that applies to you, you should have received a letter in the post to explain that your existing NewDay cards are set to be replaced by the new Pulse credit card.

The Pulse credit card can be managed online or via the Pulse app and shoppers will be able to earn 0.25% cashback every time they spend on the card, up to a maximum of £150 a year. There are no annual fees with the card, but you will pay interest on your balance if you don’t repay it in full each month.

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