Post Office Money Matched Credit Card is offering a market leading 0% on all purchases for the first 27 months which is the longest 0% fee free spending out there. Also offers 0% on balance transfers for 16 months. 2.98% balance transfer fee applies. Balance transfers must be made within three months of account opening.
******A transaction must be made within 3 months of account opening to qualify for 0% for the first 27 months otherwise a purchase period of 0% for the first 16 months will apply******
Also included with the card is :
No cash fee to buy travel money at the Post Office
Free purchase protection insurance. Insure items against accidental damage, loss and theft for up to 90 days. Terms, Conditions, Limitations and Exclusions apply. Purchase Protection Insurance is underwritten by Ageas Insurance Limited
No annual fee
Apply online or over the phone
TCB - Accepted Matched Credit Card Application £26.25
Quidco - for an accepted application on the Matched credit card £25
Top comments
manicmidlander
13 Dec 157#4
good deal if you are responsible user of credit. I put all my spending on 0% cards and keep the cash in a high interest account such as Nationwide. once the 0% period ends I either flip the debt on to a 0% balance transfer card or pay it off.
cliosport65
13 Dec 156#2
Previously the only way to know if you’d be accepted for a credit card was to apply, but that left a mark on your credit file that could be seen by lenders impacting your ability to get future credit. The eligibility calculator matches your information from a ‘soft search’ enquiry (that lenders never see), to a wish-list from lenders to tell you your percentage chances of getting different credit cards.
Please note - ******A transaction must be made within 3 months of account opening to qualify for 0% for the first 27 months otherwise a purchase period of 0% for the first 16 months will apply******
cliosport65
13 Dec 156#2
Previously the only way to know if you’d be accepted for a credit card was to apply, but that left a mark on your credit file that could be seen by lenders impacting your ability to get future credit. The eligibility calculator matches your information from a ‘soft search’ enquiry (that lenders never see), to a wish-list from lenders to tell you your percentage chances of getting different credit cards.
for some reason this one comes up as 'no criteria to search' or something along them lines. always has for me.
beaniebowen
13 Dec 15#3
Not bad
manicmidlander
13 Dec 157#4
good deal if you are responsible user of credit. I put all my spending on 0% cards and keep the cash in a high interest account such as Nationwide. once the 0% period ends I either flip the debt on to a 0% balance transfer card or pay it off.
bluetba to manicmidlander
13 Dec 151#16
Wish I could be this responsible, people like yourself amaze me and I am very envious.
I could never get this card, I'd be in serious debt in 27 months.
muffboy
13 Dec 151#5
What does it mean by "matched credit card?"
cloudthecat to muffboy
13 Dec 152#7
The "Matched Credit Card" is simply the Post Office (kind of) Brand Name for their Credit Card...... It doesn't actually have a 'meaning per sai'.....
The main 'Pros' for this credit card is that it has the longest 0% on purchases deal on the market and doesn't charge a cash fee for Post Office travel money
By and large the main 'Cons' are that, although it offers a reasonable length 0% balance transfer deal, the balance transfer fee isn't competitive.
:-)
Purrrrrrr
cliosport65 to muffboy
13 Dec 15#8
Name of the card I believe :smiley:
Mermoo
13 Dec 15#6
I believe that this is also foreign exchange fee free...
Neobrown
13 Dec 151#9
Awesome. Know a few family members who will benefit from this.
fishmaster
13 Dec 15#10
I want to help a friend of mine in need to rent a house. In order to make it much easier over the competition I want to offer the agent 3 months rent in advance, I know an estate agent so I'm looking at the most cost effective way to borrow £2,000 or so. I'm thinking this deal could be very useful.
Chanchi32 to fishmaster
13 Dec 15#19
Can you pay the agent with a credit card? If so this deal is the best 0% on purchases in the market
If the agent doesn't take credit card, you could look at a money transfer credit card where the money will go directly into your current account which you could then use for the rent advance. Typically only a few players in the money transfer market, best deal at the moment is Virgin 0% for 32 months with a 1.69% fee for money transfers via Moneysupermarket
Well im not happy, checked my Experian score weeks ago and it was good with no issues and theres **** refused me..
Nad_84
13 Dec 15#12
just be warned I applied for this about 3 weeks ago and I'm still waiting for them to get back to me after providing all forms of ID
Mermoo
13 Dec 152#14
Post office credit cards are notorious for being 'selective' of customers based on no particular criteria.
bruce287
13 Dec 15#15
I got approved instantly, but its the lowest credit limit I've ever had from a credit card! Weird!!
PaulG1970
13 Dec 15#17
What type of card is this? Visa, MasterCard etc?
bruce287
13 Dec 15#18
Mastercard bud
andy42350
13 Dec 15#20
Applied via quidco, immediately accepted, £1000 limit, 16 months balance transfer, 16 months 0% on purchases. Not what I expected, hope the quidco tracks.
NO1FAN
13 Dec 15#21
Got an error page right at the end of the application after i pressed the final submit so don't know if I've applied or not!
naughtybunnies
13 Dec 15#22
Once had a Post Office credit card backed by Bank of Ireland.
For those of you with successful applications I hope that the customer services have improved.
Just one word of warning - get ready for the most retro online banking service you've seen for a while!
Excellent card and deal otherwise!
Devro
13 Dec 15#26
I have one and the app is very good now it has come out. I've never been able to get the online banking to work.
morgie
13 Dec 15#27
Ah yes, they've launched a new app - will take a look. The online site is still very retro.
leon121
13 Dec 151#28
Thanks
Thomablue
13 Dec 15#29
Post Office is notoriously bizarre in its awarding of credit,I wouldn't take it personally,they have refused most of the premier league in the past.
dchampx
13 Dec 15#30
I got the same, albeit with a £2,200 limit.
Is the 27 months on purchases subject to status/application? Or is it promotionally applied if you make a purchase within 3 months?
Was looking at Credit Cards anyway. After checking my credit score, the only negative I had was not having a Credit Card - I know right?!
PhillWalker
13 Dec 15#31
3000 limit, only 16 months here
vassy201187
13 Dec 15#32
Is there anything like an eligibility checker?
Don't want to fill the application and end up saying my credit score is low :disappointed:
benfisher1991
14 Dec 15#33
Realistically how much interest do you make?
Lets say you have a 2.0% ISA and immediatly spend 5k. You'll only earn £116. Hardly worth it.
CubicZirconia
14 Dec 15#34
Great deal. Thanks!
manicmidlander
14 Dec 15#35
I see your point but if somebody offered you £116 for free would you go "pah... it's not worth it ?" Using Lloyds, nationwide and TSB current account's I generally average about 3% after tax interest. I've got approx £10,000 on 0% cards so I get about £300 a year. It's not a massive amount but it's free money.
cliosport65
14 Dec 15#36
you need to make a purchase within 3 months to activate the 27 months offer otherwise it will be 16 months :wink:
faustino
19 Dec 15#37
They sent me a letter with further requirements. One copy of documents from four lists seems ok but the last one, payslip or copy of job contract is too much for me. Just not willing to jump the hoop.
AndreD
19 Dec 15#38
Received my card today, no further requirements was necessary.
Time to look for my first car, and start building up my credit score.
NO1FAN
19 Dec 15#39
Requiring a payslip is fairly standard if they are doing checks
faustino
19 Dec 15#40
I know but lost interest in it. Never had any problems with credit, Nationwide offered to raise my credit limit recently so just not too eager to waste my time on trips to post office etc while other get their cards immediately.
GBM1993
7 Jan 16#41
I like money
deany76
21 Apr 16#42
This is a fantantastic offer. I have just got my card & downloaded ioS app just awaiting pin.
One stand out feature about this card not mentioned is in Section 4 of the enclosed leaflet labeled 'Purchase Protection Insurance Policy'
Expecting this to be the standard Credit card protection I was gob smacked to read you get 90 days if your purchase is lost stolen or damaged.
This is like the 80s with Mastercard. No doubt someone will reply & correct me but I know no other CC that offers FREE 90 day lost stolen or damage cover. The is a £25.00 excess which I feel is reasonable.
This card is a 'no brainer' with its 2 year 3 month interest free.
cheers
I missed the TCB but got a high limit.
edit
sorry just read OP does mention the purchase protection.
habshihalva
6 May 16#43
Try Fad code 331406
jp1843
13 May 16#44
Cashback up to £30.30 on this. Applied & instantly accepted this morning. Can anyone confirm that when you finish application it says 16 months on purchases? I didn't see any info about it changing to 27 months after making a purchase within first 3 months.
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Opening post
******A transaction must be made within 3 months of account opening to qualify for 0% for the first 27 months otherwise a purchase period of 0% for the first 16 months will apply******
Also included with the card is :
No cash fee to buy travel money at the Post Office
Free purchase protection insurance. Insure items against accidental damage, loss and theft for up to 90 days. Terms, Conditions, Limitations and Exclusions apply. Purchase Protection Insurance is underwritten by Ageas Insurance Limited
No annual fee
Apply online or over the phone
TCB - Accepted Matched Credit Card Application £26.25
Quidco - for an accepted application on the Matched credit card £25
Top comments
https://www.moneysavingexpert.com/eligibility/credit-cards/
All comments (44)
https://www.moneysavingexpert.com/eligibility/credit-cards/
I could never get this card, I'd be in serious debt in 27 months.
The main 'Pros' for this credit card is that it has the longest 0% on purchases deal on the market and doesn't charge a cash fee for Post Office travel money
By and large the main 'Cons' are that, although it offers a reasonable length 0% balance transfer deal, the balance transfer fee isn't competitive.
:-)
Purrrrrrr
If the agent doesn't take credit card, you could look at a money transfer credit card where the money will go directly into your current account which you could then use for the rent advance. Typically only a few players in the money transfer market, best deal at the moment is Virgin 0% for 32 months with a 1.69% fee for money transfers via Moneysupermarket
http://www.moneysupermarket.com/credit-cards/money-transfer/
For those of you with successful applications I hope that the customer services have improved.
Excellent card and deal otherwise!
Is the 27 months on purchases subject to status/application? Or is it promotionally applied if you make a purchase within 3 months?
Was looking at Credit Cards anyway. After checking my credit score, the only negative I had was not having a Credit Card - I know right?!
Don't want to fill the application and end up saying my credit score is low :disappointed:
Lets say you have a 2.0% ISA and immediatly spend 5k. You'll only earn £116. Hardly worth it.
Time to look for my first car, and start building up my credit score.
One stand out feature about this card not mentioned is in Section 4 of the enclosed leaflet labeled 'Purchase Protection Insurance Policy'
Expecting this to be the standard Credit card protection I was gob smacked to read you get 90 days if your purchase is lost stolen or damaged.
This is like the 80s with Mastercard. No doubt someone will reply & correct me but I know no other CC that offers FREE 90 day lost stolen or damage cover. The is a £25.00 excess which I feel is reasonable.
This card is a 'no brainer' with its 2 year 3 month interest free.
cheers
I missed the TCB but got a high limit.
edit
sorry just read OP does mention the purchase protection.