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.
Ulster Bank Credit Card review July 2020
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: ★★★★★
Doing its job: 5/5
In a nutshell:
Balance transfer fee
Foreign transaction charge
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£400|
|Max credit limit||Not specified|
|Additional cards available||1|
|Availability||Available to existing customers|
|Balance transfer fee||0%|
|Money transfer fee||0%|
|Foreign usage charge (EU)||0%|
|Foreign usage charge (rest of world)||0%|
|Cash advance fee||3% (min. £3)|
|Late payment fee||£12|
|Duplicate statement fee||£0|
|Exceeding limit fee||£12|
|Additional card fee||£0|
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.
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
Other low rate credit cards
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?
Do I need to be an existing Ulster Bank customer?
Will I pay fees on cash withdrawals overseas?
How do I change my credit card limit?
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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.