Ulster Bank Credit Card review 2020

Last updated:  

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).

9.9%

Representative APR

0%

Balance transfer fee

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 existing 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. £3)
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.

The Ulster Bank Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons

Pros

  • A low ongoing interest rate (variable)
  • Avoid currency conversion charges when spending abroad
  • No annual fee

Cons

  • Minimum annual income requirement of £10,000
  • Applicants with low credit scores are unlikely to be eligible
  • Only available to existing customers

How does it compare with other low rate deals?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
TSB Advance Credit Card Mastercard
0% for 3 months reverting to 7.95%
0% for 3 months
(0% fee)
£0
7.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 7.95% (variable) p.a., your representative rate is 7.9% APR (variable).
More Info
The Co-operative Bank 3 Year Fixed Rate Visa
8.9%
8.9%
(0% fee)
£0
8.9% (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).
More Info
MBNA Long Term Low Interest Credit Card
4.9% for 48 months reverting to 8.9%
4.9% for 48 months
(0.5% fee)
£0
8.9% (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).
More Info
Ulster Bank Credit Card Mastercard
9.9%
6.9%
(0% fee)
£0
9.9% (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).
More Info
loading

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

You can make manual repayments through Ulster Bank's app, by logging in to your online banking or over the phone (0800 046 6486). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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

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).

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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site