118 118 Money Credit Card

A Transparent Option for Poor or Limited Credit

When it comes to rebuilding or establishing credit in the UK, few options offer both accessibility and transparency like the 118 118 Money Credit Card. Tailored for those with poor or limited credit history, this card has carved a niche in a market flooded with hidden fees and misleading APRs. But does it really deliver?

Let’s explore its key features, compare it with competitors, and assess its real-world value.

Key Benefits and What Makes It Stand Out

• Guaranteed Fixed APR of 49.0% (Representative): Unlike cards that promote low “starting” APRs only to surprise users later, this card uses a flat, transparent pricing structure. You’ll know exactly what you’ll pay from day one.
• No Foreign Transaction Fees: Ideal for frequent travelers or online shoppers using international vendors.
• Credit Limit of up to £2,000: Based on eligibility, this can go beyond the usual entry-level limit of £1,200.
• Section 75 Protection: All purchases over £100 are legally protected under the Consumer Credit Act, offering peace of mind for larger transactions.
• Soft Search Eligibility Check: You can apply without affecting your credit score initially.

These features make the 118 118 Money card a legitimate contender in the UK bad credit credit card segment.

How the 118 118 Credit Card Works

The application process is fully digital. After completing a short form, the system runs a soft check. If you proceed, a full credit check (hard search) is performed. If approved, your card arrives within 5-10 business days.

Once active, you manage the card entirely through the 118 118 Money mobile app, which allows:

• Real-time balance updates
• Transaction tracking
• Payment scheduling
• Customer service live chat

This centralized app approach rivals premium banks like Monzo and Starling.

Comparison With Competitors

Feature	118 118 Money	Aqua Classic	Capital One Classic
Representative APR	49.0% (fixed)	37.9% (variable)	34.9% (variable)
Foreign Transaction Fee	None	2.95%	2.75%
Max Credit Limit	£2,000	£1,200	£1,500
Eligibility Check	Soft check	Soft check	Soft check
App Features	Full management	Basic only	Moderate features

While its APR is higher, the lack of hidden fees and the zero foreign usage charges make it ideal for those who travel or shop abroad frequently.

Best Use Cases

• Credit Rebuilders: Individuals recovering from financial difficulties or defaults.
• Young Professionals: First-time applicants needing a simple, manageable product.
• Frequent Travellers: Users looking to avoid foreign exchange fees on trips or global purchases.
• Gig Economy Workers: Those with irregular incomes may benefit from flexible payments without additional penalties for international use.

Is It Worth the APR? An Honest Look

At 49% APR, this card is clearly not the cheapest on the market. However, APR transparency, zero foreign fees, and credit-building focus make it a strategic financial tool rather than a daily spender’s choice.

Most users who pay off their balance monthly will incur no interest charges at all. The app’s payment reminders and budgeting tools further support responsible usage.

Takeaway

The 118 118 Money Credit Card isn’t trying to compete with premium rewards cards. Instead, it delivers value through simplicity, honest pricing, and useful travel perks. For users who need to repair credit or want a reliable backup while abroad, it’s a strong option.Want to know how to get approved fast or boost your chances with a lower credit score? Keep reading on Page 2, where we explore application hacks, FAQs, optimization tips, and real customer use cases.