Ulster Bank Student Credit Card review 2020

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For Ulster Bank student account holders, this card could help cover unexpected expenses and kick-start a positive credit history.

Finder rating: ★★★★★

Representative example: When you spend £350 at a purchase rate of 18.94% (variable) p.a., your representative rate is 18.9% APR (variable).

£350

Minimum credit limit

Up to 56 days

Interest-free each billing period

18.9%

Representative APR

£0

Account fee

Details

IssuerUlster Bank
NetworkMastercard
Annual/monthly fees£0
Min credit limit£350
Max credit limitSubject to status: £350
Purchases18.94%
Purchases interest-free period (days)56
Balance transfers18.9%
Additional cards available1

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

This Ulster Bank card comes with a low credit limit and no annual or monthly fee – pretty standard stuff for a student card.

Student cards also typically don’t have the most competitive rates around (in part due to the limited credit histories of many of the card’s users), but if you clear your balance in full each month, you won’t pay interest on your purchases. The card’s interest-free days on purchases could potentially offer a buffer until your next paycheque or student loan instalment comes through. This is a standard feature of almost all credit cards, not just those designed for students.

You can use Apple Pay with your student card, and in the Ulster Bank mobile app, you can manage your credit card alongside your Ulster Bank student current account.

It’s smart to be cautious about taking out a credit card while studying. If your income is minimal and paid infrequently, be realistic about how quickly you’ll be able to pay off any money you borrow. On the plus side, if you don’t carry a balance from month to month and you use this card responsibly, it could help you handle fluctuating costs and help you start building a positive credit history – standing you in good stead for future borrowing.

The Ulster Bank Student 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

  • Since it's a student card, you aren't required to have a super-high credit score in order to be approved
  • 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
  • No annual fee

Cons

  • To apply, you must hold a student bank account with Ulster Bank

How does it compare with other student deals?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Purchases Annual/monthly fees Credit limits Rep. APR Link Incentive Representative example
TSB Student Credit Card
19.95%
£0
Min. limit £500, max. limit £1,000.
19.9% (variable)
More Info
Representative example: When you spend £1,000 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
HSBC Student Credit Card Visa
18.9%
£0
Min. limit £250, max. limit £500.
18.9% (variable)
More Info
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £500 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
NatWest Student Credit Card Mastercard
18.95%
£0
Min. limit £250, max. limit £500.
18.9% (variable)
More Info
Representative example: When you spend £500 at a purchase rate of 18.95% (variable) p.a., your representative rate is 18.9% APR (variable).
Royal Bank of Scotland Student Credit Card Mastercard
18.95%
£0
Min. limit £250, max. limit £500.
18.9% (variable)
More Info
Representative example: When you spend £500 at a purchase rate of 18.95% (variable) p.a., your representative rate is 18.9% APR (variable).
Ulster Bank Student Credit Card
18.94%
£0
Min. limit £350, max. limit £350.
18.9% (variable)
More Info
Representative example: When you spend £350 at a purchase rate of 18.94% (variable) p.a., your representative rate is 18.9% APR (variable).
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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 damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) 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 Student Credit Card

If you’ve 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’ll need to make the process as straightforward as possible. Ulster Bank will ask for your address history for the last three years, your bank account details and your graduation/course end date.

Existing Ulster Bank customers will need to register for online banking in order to apply for a student credit card. This process takes about 5 minutes.

Frequently asked questions

What credit limit will I get with the Ulster Bank Student Credit Card?

If Ulster Bank is able to offer you this deal, the offer will specify a personalised credit limit based on Ulster Bank's assessment of your situation. The minimum limit offered on the card is £350, while the maximum is £350. Once you've had the card for a while and shown Ulster Bank that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Ulster Bank Student Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Ulster Bank Student Credit Card is 3%.

The interest rate on this part of your balance will be 25%, which is 32% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Ulster Bank Student Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£180.75), it'll cost you around £4.97.

What does "Up to 56 days interest-free" on purchases mean?

Almost all credit cards offer you a "grace period" in which to settle your purchases. But to enjoy this feature, you have to clear your full balance each month (cash withdrawals and non-sterling transactions sadly tend not to benefit from this feature).

Let's say you make a purchase using the Ulster Bank Student Credit Card on the 1st day the month. Shortly after the end of the month you receive your statement and bill from Ulster Bank which needs to paid by, say, the 25th of the month. If you then pay off your balance in full on the 25th, you won't be charged interest on that purchase and you'll have enjoyed 56 days interest-free.

Finder student credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts rate each student credit card comparing it to similar deals available on the market. We look primarily at the costs of running each card and then also at what benefits each card can offer students.

See the details of our scoring methodology on our credit card methodology page.

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.

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