Ulster Bank Credit Card review July 2019

Keep your interest rate low and avoid fees when you use your card on holiday.

If you don’t plan to carry a balance from month to month, the imaginatively named Ulster Bank Credit Card is a handy option to carry both at home and abroad, with low rates, no annual fee and no fees for foreign transactions (currencies will be converted at Mastercard’s standard rates).

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).

0%

Balance transfer fee

9.9%

Representative APR

0%

Foreign transaction charge

£0

Account fee

Details

IssuerUlster Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers6.9%
Balance transfer fee0%
Purchases9.9%
Purchases interest-free periodUp to 56 days
Money transfers16.9%
Cash advances16.9%
Min. credit limit£400
Max credit limitNot specified
Additional cards available1
Minimum Age18
Minimum income£10,000
ResidencyUK residents
AvailabilityAvailable to new customers
Annual/monthly fees£0
Balance transfer fee0%
Money transfer fee0%
Foreign usage charge (EU)0%
Foreign usage charge (rest of world)0%
Cash advance fee3% (min. £0)
Late payment fee£12
Duplicate statement fee£0
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0

Expert review

Chris Lilly

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

A very respectable option for people who don’t really want to have to think about their credit card, this deal is all about versatility and value over the long run.

You won’t find any headline-grabbing introductory 0% deals here, which is great if you don’t want the hassle of having to remember to switch cards after an introductory offer expires. Instead, this card comes with ongoing low rates on both purchases and balance transfers. However, they’re not fixed, so if the Bank of England base rate changes, or if Ulster Bank simply decides to restructure its credit cards, your rate could change. If you clear your balance in full each month, you’ll also benefit from up to 56 days of 0% interest on your purchases (this doesn’t apply to cash advances).

If you’re transferring a balance or anticipating a large upcoming expenditure (or both), there are undoubtedly cheaper deals out there, at least in the short term. Similarly, there are more rewarding options available for those who spend on their credit card frequently but don’t carry a balance from month to month. This card might appeal most to existing Ulster Bank customers seeking simplicity and flexibility, who anticipate using their card abroad.

How does this card compare with other similar cards on the market?

Ulster Bank’s card

Updated July 16th, 2019
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
9.9%
6.9%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).

Compare up to 4 providers

Other low rate credit cards

Comparison ordered by representative APR with affiliated products shown first.
Updated July 16th, 2019
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
9.9%
6.9%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
9.9%
N/A
£0
9.9% p.a. (variable)
Earn 2,500 bonus Membership Rewards points when you spend £1,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
9.9%
6.9%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
0% for 1 months reverting to 5.94%
0% for 1 months reverting to 6.054%
£0
5.9% p.a. (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 5.94% (variable) p.a., your representative rate is 5.9% APR (variable).
6.9%
6.9%
£0
6.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 6.9% (variable) p.a., your representative rate is 6.9% APR (variable).
4.9% for 48 months reverting to 8.9%
4.9% for 48 months reverting to 8.9%
£0
8.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
9.95%
9.95%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.95% (variable) p.a., your representative rate is 9.9% APR (variable).
9.9%
9.9%
£0
9.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).

Compare up to 4 providers

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.

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 046 6486), 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 Ulster Bank Credit Card

If you’ve compared cards and want to apply, completing the secure online application form takes about 10 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

Frequently asked questions

How long does it take to receive the card?
You’ll know whether or not your application has been approved within 5 minutes of submission. As long as it’s approved, Ulster Bank states your shiny new card will be with you in 5-7 working days.
Do I need to be an existing Ulster Bank customer?
No, and if you have card debt elsewhere, you may decide to apply for a balance transfer.
Will I pay fees on cash withdrawals overseas?
Yes. While Ulster Bank doesn’t charge a fee for non-sterling transactions using this card, withdrawing cash abroad will incur a fee, (and the ATM owner may add its own fee on top too). Find out more about using a credit card overseas.
How do I change my credit card limit?
You can do this through internet banking by selecting “Cards” from the main menu. In the “Manage your personal credit card” section select “Manage your credit card limit”. Add your annual income, requested credit limit and the last 5 digits of your card. Finally, select “submit”. Alternatively, you can call a customer advisor (0800 046 6486).

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.

*Disclaimer: The offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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