Tandem Journey Credit Card review September 2019
A “credit builder” offering fee-free spending overseas.
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.
Finder rating: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Foreign transaction charge
Up to 56 days
Interest-free each billing period
|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|
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.
Pros and cons
- Used responsibly, can help build your credit.
- No foreign transaction fees on purchases and cash withdrawals abroad.
- No annual fee.
- Track spending and bills on the accompanying app.
- Credit limits can be reviewed after just “a few months”.
- Not possible to transfer an existing balance from another card.
- Cash withdrawals at home or abroad will be charged interest from the day funds leave your account.
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.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the Tandem Bank Journey Credit Card Mastercard
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.