The Metro Bank Personal Credit Card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.
Metro Bank Credit Card review 2024
By Chris Lilly
- Representative example:
- When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
- Account fee
- £0
- Interest-free each billing period
- Up to 56 days
- Minimum credit limit
- £500
Our verdict
This card is no longer available, but you can use our review to find alternatives.Available in-branch only, Metro Bank's card is a no-frills option – you won't find headline-grabbing 0% offers, just a competitively low (albeit variable) ongoing rate.
This might particularly appeal to those who are new to credit cards – which can be complicated to say the least, and more usually come with different rates for purchases, balance transfers and cash withdrawals.
There are no fees when you use this card overseas within Europe, and there's also no annual/monthly fee to worry about.
Pros
- No annual fee
Cons
- Applicants with low credit scores are unlikely to be eligible
Details
Product Overview
| Issuer | Metro Bank |
| Network | Mastercard |
| Annual/monthly fees | £0 |
| Purchases | 18.9% |
| Purchases interest-free period | Up to 56 days |
| Cash advances | 18.9% |
| Minimum credit limit | £500 |
| Maximum credit limit | Subject to status |
| Additional cards available | 1 |
Fees and charges
| Minimum monthly payment | 5% or £20 (whichever is greater) or the total of any interest, default fees and charges plus 5% of the outstanding balance. |
| Annual/monthly fees | £0 |
| Foreign usage charge (EU) | 0% |
| Foreign usage charge (rest of world) | 2.99% |
| Cash advance fee | 0% |
| Late payment fee | £0 |
| Duplicate statement fee | £0 |
| Exceeding limit fee | £0 |
| Additional card fee | £0 |
| Dormancy fee | £0 |
Application Requirements
| Minimum Age | 18 |
| Availability | Available to new customers |
The Metro Bank Personal Credit Card is issued on the Mastercard network, so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.
Other cards with no fees on non-sterling transactions
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Read the full methodologyKey features of the Metro Bank card
The Metro Bank card is an “all-rounder”, designed for versatility and to cover a variety of needs.
- Low rate on balance transfers and purchases.
Rather than a 0% offer for a few months followed by a much higher rate, this card comes with one low rate for purchases and balance transfers, indefinitely. The rate is variable, not fixed, so it is subject to change however.
Learn more about low rate cards - Fee-free transactions in most European countries.
Going abroad? You’ll be able to withdraw cash and make purchases on your card without incurring a fee.
Learn more about cards for overseas spending - No annual fee.
There’s not much in the way of fees with this card, which makes it easier to weigh up if it makes financial sense for you. Transactions outside of Europe, and late payments will incur a charge however.
Learn more about cards with no annual fee
Repayment options
You can make manual repayments through Metro Bank's app by logging in to your online banking or over the phone (0345 08 08 500). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, or losing any promotional rates as a result (although there's no penalty fee for late payments to worry about, there are still plenty of other good reasons not to miss a payment).
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
Sorry – Metro Bank is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.
Why might your application not be approved?
If you meet the broad criteria outlined above, but have a history of bad debt or no credit history, you could be rejected. If you have been made the subject of a CCJ you may not be accepted. You’re also unlikely to be offered a card if you have declared bankruptcy.
Frequently asked questions
What credit limit will I get with the Metro Bank Personal Credit Card?
If Metro Bank offers you this deal, it will specify a personalised credit limit based on Metro Bank's assessment of your situation. The minimum limit offered on this card is £500, and Metro Bank does not specify a maximum. Once you've had the card for a while and shown Metro Bank you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the Metro Bank Personal Credit Card?
Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.
There's no cash advance fee on the Metro Bank Personal Credit Card.
The interest rate on this part of your balance will be 18.9%, which is the same as the standard purchase 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 Metro Bank Personal Credit Card abroad?
Non-sterling transactions within Europe are subject to a 0% charge, and non-sterling transactions elsewhere are subject to a 2.99% charge. For example, if you spend 200 euros (£164.83), it'll cost you around £0.00 in fees.
What is the minimum payment on the Metro Bank Personal Credit Card?
Each month, you must pay at least 5% of your balance at that point or £20.00 – whichever of the 2 figures is greater. So if you had, say, £390.00 outstanding, you'd pay £20.00, and if you had £1,600.00 outstanding, you'd pay £80.00.
Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money, which can lead to persistent debt.
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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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