Credit Card Annual Fee?

Credit Card Annual FeeWhat is a credit card annual fee? How many UK 0% credit cards currently have an annual fee? Are there any no annual fee credit cards in UK?

These are some of the most recent questions regarding a credit card annual fee that we have seen UK credit card customers asking over the last couple of months.

Here at 0% Credit Card Expert, we aim to try and explain all aspects of the UK 0% credit card market. We also aim to try and explain the terms involved with using a credit card.

Credit Card Annual Fee

So what is a credit card annual fee?

A credit card annual fee can be defined as the annual amount that a credit card company will charge a customer for having the use of that credit card. The fee is often charged once a year to the customer, although some cards now charge a monthly fee. This fee will appear on the customers next monthly statement.

Most UK 0% credit cards, including the popular M&S credit card and Nationwide credit card offers do not currently charge a credit card annual fee.

Those UK 0% credit cards that do currently charge an annual fee, generally often offer some type of rewards to the customer. These rewards can take the form of cashback, airline or hotel rewards points.

Annual Fee Credit Cards

How many 0% credit cards have an annual fee?

Here at 0% Credit Card Expert we have details of every UK 0% credit card currently available online.

There are currently more than 90 UK 0% credit cards available online. At the time of writing, only 5 of these cards currently charge an annual fee.

Most annual fee credit cards in the UK offer shorter than average 0% introductory offers. However, these cards usually do come with cashback, or reward points for either airlines or hotels.

The following cashback card charges a monthly rather than an annual fee:-

0% Credit Card Offers

Balance Transfers:
0% for 15 months
Balance Transfer Fee:
3%
Purchases:
None
Representative APR:
26.2% APR (variable)
More Information

Credit Card Details

Asda Cashback Plus Credit Card*
  • 0% on balance transfers for 15 months made within first 90 days of account opening
  • 3% balance transfer fee, minimum £3
  • 0% for 6 months on purchases of £200 or more at George.com
  • 2% cashback on your Asda shopping online and instore
  • 2% cashback at Asda Living, Asda petrol stations and George.com
  • 0.2% cashback everywhere else
  • Annual Fee: £3 monthly fee
More Information

Application Criteria

Asda Cashback Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are able to provide at least one telephone number
  • You have a regular source of income
  • You are aged 18 or over
More Information
Unlimited cashback vouchers - 2% at Asda plus 0.2% everywhere else
Representative Example: 26.2% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable) with a monthly fee payable of £3

Credit Cards No Annual Fee

There are many more UK 0% credit cards that do not currently have a credit card annual fee. These no annual fee credit cards, include all of the following popular featured cards:-

0% Credit Card Offers

Balance Transfers:
0% for 28 months
Balance Transfer Fee:
0.99%
Purchases:
0% for 6 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

M&S Transfer Plus Credit Card*
  • 0% for 28 months on balance transfers made within 90 days of account opening
  • 0.99% balance transfer fee, minimum £5
  • 0% on purchases for 6 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Transfer Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 28 months
Balance Transfer Fee:
1.4%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)
More Information

Credit Card Details

HSBC Credit Card
  • 0% interest for 28 months on balance transfers made within 60 days of account opening
  • 1.4% balance transfer fee (minimum £5)
  • 0% on purchases for 3 months from account opening
  • At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: £0
More Information

Application Criteria

HSBC Credit Card
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status

0% Credit Card Offers

Balance Transfers:
0% for 20 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 20 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

M&S Shopping Plus Credit Card*
  • 0% for 20 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 20 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Shopping Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 12 months
Balance Transfer Fee:
0%
Purchases:
0% for 12 months
Representative APR:
17.9% APR (variable)
More Information

Credit Card Details

Nationwide Credit Card just for Nationwide members*
  • 0% on balance transfers for 12 months from account opening
  • 0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
  • 0% on purchases for 12 months from account opening
  • Commission free allowance on purchases abroad (subject to terms)
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

Nationwide Credit Card just for Nationwide members*
  • Our credit cards are just for members. Youre a member when you have a current account, mortgage or savings account with us
  • You have been living in the UK for the last 12 months
  • You have a gross income each year of more than £5000
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 17.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 17.9% p.a. (variable)

A credit card annual fee should not be confused with a balance transfer fee. This fee is charged by the credit card company as a percentage of the balance transfer amount.

Although a credit card annual fee is only charged by a small number of UK 0% credit cards, balance transfer fees do apply to most currently available 0% credit cards when making a balance transfer.


Related Content From 0% Credit Card Expert:-