Post Office credit card

Available to those who are:

- Aged 18 or over
- UK resident
- Earn at least £15,000 a year
- Do not currently hold a Post Office credit card

Please ensure you meet the above criteria before applying, or it could adversely affect your credit rating.

What we think

Our review and how this deal compares

The credit card from the Post Office is well targeted to catch those changing up their sterling over the counter with a more convenient and safer alternative for spending abroad.

It offers 0% commission on use abroad - meaning cardholders can escape the standard "2.75%" charge levied on foreign transactions.

Additionally, it offers fee-free foreign currency purchased from the Post Office before travelling (see below for more on this though).

Good for use abroad

Credit cards offer real security when travelling abroad, however more often than not, that security comes at a price.

As mentioned, purchases made on the Post Office credit card abroad won't incur additional charges for converting foreign currency to sterling.

While it's no longer possible for cardholders to "pre-load" the credit card before travelling (i.e. to hold a positive balance) - the card can still be repaid in full each month to avoid any interest charges on purchases.

Setting up a direct debit is a useful way to ensure this happens, especially if cardholders will be away when the statement is issued or for longer periods.

The Post Office credit card does waive the cash transaction fee on foreign currency purchased at a Post Office before travelling, however aside from that there are no particularly special - or cheap - offers on cash advances.

Cash advances are often a sticking point when travelling as they form an umbrella over such transactions as ATM withdrawals, foreign currency purchase and traveller's cheques among others.

Note that while the Post Office waives the cash transaction fee on foreign currency purchased over its counters - the higher interest rate and no interest free period terms still apply.

Money manager

In a clear attempt to cover multiple credit card categories the Post Office credit card also offers 0% on balance transfers for 14 months (2.98% fee).

The Post Office's balance transfer deal is somewhat unique and does hold good ground in the market though.

There are actually two separate reasons for this.

Firstly, the Post Office is one of the only cards still offering "anniversary balance transfer deals" - so cardholders will receive another 0% deal for 5 months in the second and third years of card membership.

The balance transfer fee still applies and balances must be moved from separate accounts again - i.e. the deal won't apply to balances already on the card.

Secondly, the balance transfer offer can be used as a super balance transfer - so the 0% credit can be transferred to a current account as well as to repay other card balances.

In short, this means the 0% balance transfer can be used to pay off overdrafts and small loans as well as other credit cards.

All in all

The Post Office credit card does indeed seem to successfully achieve offering two very separate deals - although as they are so separate they don't work particularly well together in a cardholder's favour.

The nicest thing about this credit card? It makes sense: the offers are a good match for how we've come to use the Post Office.

Visit the Post Office website to apply online »

Interest rates

Fees and charges

Repayment details

Cardholder services

	Offered	Additional
Online account management		The account can be managed online.
Fraud Guarantee		You won't be held liable for fraudulent transactions that occur if the PIN is not used with the Chip & PIN card and where you are an innocent victim of fraud. 24/7 fraud helpline available.
Fraud Monitoring		A Security System will monitor potential fraudulent transactions at all time and they will get in touch with you if they notice anything suspicious.
Identity Protection		-
Credit Report Access		-
3D Secure		MasterCard SecureCode An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers.
OneTouch Payments		-
Purchase Protection Insurance		Almost everything you buy with the Post Office Platinum credit card will be insured against accidental damage, loss and theft for up to 90 days from purchase.
Purchase Delivery Insurance		-
Comprehensive Travel Insurance		-
Travel Accident Insurance		-
Travel Inconvenience Insurance		-
Assistance Abroad		-
Emergency Card Replacement		If your card is lost or stolen abroad, the Post Office will ensure a replacement card is issued as soon as possible. If you lose your card at the beginning of a trip, they may also be able to arrange an emergency cash advance until your new card arrives.