Build your credit history while you save with LOQBOX
- Save from £20 to £200 a month
- Build and improve your credit history
- Once you’ve finished unlock your savings
As of September 2020, this 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: ★★★★★
In a nutshell:
|Min credit limit||£500|
|Max credit limit||Subject to status: £1,500|
|Credit limit note||Subject to status|
|Purchases interest-free period (days)||56|
|Incentive||No fees for making purchases or withdrawing cash abroad – currencies are converted at the standard Mastercard exchange rate.|
|Additional cards available||4|
A straightforward “credit builder” designed to support you on your journey to better credit, while offering fee-free spending on your overseas journeys. Get it?
For those with limited or damaged credit histories “credit builder” cards are generally an easier option to get approved for. They typically come with low opening credit limits and relatively high interest rates, but no annual or monthly account fees and more lenient eligibility and approval criteria.
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.
When it comes to repayments, you can make manual repayments online or over the phone (0203 370 0970), 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.
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you will need to make the process as straightforward as possible.
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.
Tandem’s Journey credit card, used responsibly, could help you to build or rebuild a positive credit history, and Tandem even states that credit limits (which are tailored to the individual) can be reviewed after just “a few months”.
Credit Builders don’t tend to come with much in the way of perks, but this card’s a bit of an exception. As with all Tandem credit cards, you’ll be able to enjoy fee-free overseas spending and overseas cash withdrawals. You’ll still incur interest, but provided you clear your balance in full each month, you’ll be able to take advantage of up to 56 days of 0% interest on your purchases at home and abroad (this benefit doesn’t apply to cash withdrawals, however).
Being a relatively new, digital-only bank, as you might expect, Tandem offers a vary decent app where you can track your card use and receive notifications.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.