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
Finder rating: ★★★★★
In a nutshell:
Minimum credit limit
Up to 52 days
Interest-free each billing period
|Purchases interest-free period||Up to 52 days|
|Min credit limit||£150|
|Max credit limit||Subject to status: £1,000|
|Availability||Available to new customers|
|Foreign usage charge (EU)||2.99%|
|Foreign usage charge (rest of world)||2.99%|
|Cash advance fee||3% (min. £3)|
|Late payment fee||£12|
|Exceeding limit fee||£12|
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.
The thimbl. credit card is a very straightforward card aimed at those looking to build their credit score, whether they’ve got good or bad credit.
With no rewards scheme, points or cashback, it’s about as no frills as credit cards come, which may suit customers who simply want access to a manageable credit account.
There’s also no annual fee, which means you can keep your costs to a minimum, as long as you pay off your credit card balance in full. But if you’re someone who’s likely to carry a balance each month, you’ll need to beware of the high rate.
Overall, the thimbl. credit card could be a worthy option for those with limited or bad credit history, but anyone wanting to get more out of their card may need to look elsewhere.
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.
To be eligible for a thimbl. credit card, you’ll need to meet the following criteria:
You’ll also need to meet thimbl.’s income and financial requirements.
With its simple credit-builder credit card, thimbl. aims to give customers the option of an accessible card with no bells and whistles. As a result, it could be suitable for those with poor or limited credit history looking for a basic everyday card to build their credit score. However, with its high, variable rate, it will only be an affordable choice for those who can pay off their balance each month.
It normally takes around 10-14 days for you to receive your thimbl. credit card once you’ve submitted your application.
You can use your thimbl. card anywhere that accepts Visa, including in the UK and abroad, as well as online.
Yes, using your thimbl. credit card can help improve your credit score, as long as you stay within your credit limit and make your monthly repayments on time.
You can manage your thimbl card and pay your bill via the Vanquis Bank online app.
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