The Credit Card that will cost you at least £8 per month,

A brand new Credit Card has landed in the UK and it boasts 0% interest and zero other fees as followed

The Sting in the tale is a monthly charge of at least £8 per month (but there is no interest)

credit card from 118118money

credit card from 118118money

Credit limits on the new 118118 Credit Card start from £250, despite this, even if you repay in full each month you will be charged £8 per month for holding the credit card.

For those looking to rebuild their credit and those that are willing to repay their owed balance in full each month really should consider  applying with Capital One, Vanquis or Aqua (where monthly charges don't apply).

It will be a Credit Card to watch that's for sure, although personally monthly fee's don't really appeal to me! The Current Charges were £8 for a credit limit of £250, £14 per month for a Credit limit of £500 and a whooping £17 per month for a credit limit of £1200.

If you hold a balance on your credit cards each month this card could be for you, however, if you like to clear the balance each month you will pay a monthly fee depending on your credit limit.


0% Late Payment Fee
0% Balance Transfer Fee
0% Cash Withdrawal Fee
0% Money Transfer Fee
0% Overlimit Fee
0% Emergency Card Replacement Fee
0% Non sterling Cash Transaction Fee
0% Non-sterling Transaction Fee
0% Purchase Fee
0% Returned Payment Fee
0% Statement Reprint Fee
0% Tracing Fee


If you want to give it a try click here

1.5 Total Score
A Credit Card with No Interest *But an £8 per month fee instead

Fancy paying a monthly fee just to hold a credit card in your purse/wallet? No neither do we, however, 118118 money have just launched just that. Now don't get me wrong, if you hold a large balance on this credit card and pay back in small instalments you may actually be better off holding a credit card with a fixed monthly fee. However, if you clear your balance each month in full, or maybe, don't even spend on your credit card in a Calendar month or for that matter end up with a small credit limit, the £8 per month charge could actually appear pretty expensive.

Credit Card Design
Credit Card Features
Credit Limits
  • Looks like another Credit Building Credit Card for the UK market
  • If you hold a large balance and wish to make small monthly repayments it could work out cheaper
  • Quick checker so you know if you could be accepted before submitting a full application.
  • You know what your Credit Card will cost each month, despite the outstanding balance
  • £8 per month fee (which looks likely to be charged if you don't even use the Credit Card)
  • Could be expensive if you wish to clear your balance in full each month
  • Low initial credit limits (starting at £250)
User Rating: Be the first one!

Dad of 7, including Autistic Twins, first hand experience in Credit problems following the challenges faced with having Autistic children. (Unable to work due to supporting their needs, My credit rating became what can only be described as wrecked) Using my own experience, Credit 4 Everyone was born. A website dedicated to the rebuilding of a UK credit rating. The site was born providing the struggles in getting accepted and as things improved, the challenges one faces in maintaining a good credit rating. On this website you will find information regarding Pay monthly Credit catalogues, buy now pay later, mobile phone contracts for bad credit, current account options when your credit rating stops you getting even the most basic of services and personal loans/car finance. I will share my own experience which shows you how I built a credit rating with an Experian credit score of 120 and Equifax of 90 to a Credit rating both rated as Good in 2 years. How you can rebuild your credit rating, the companies that will help you on the journey and how things can improve. About the website Pay Monthly Catalogues with Credit, Buy it now pay later, Guaranteed Mobile phone contracts and Guaranteed no credit check bank accounts. Credit 4 Everyone specialise in helping people with bad credit get the credit they need. We offer Financial products and services for everyone and work hard to review products, our aim is in Helping you get accepted with our helpful hints and tips.

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