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Metro Bank celebrates one year anniversary with 0% credit card

26th July 2011

    Metro Bank says “Thank You” by launching a 0% MasterCard for all existing and new customers
    No Stupid bank Rules - 12 months 0% on purchases, 0% on balance transfers and 0% on cash advances

Metro Bank, Britain’s first new High Street bank in over 100 years is celebrating its one year anniversary on Friday July 29th, by offering all new and existing customers a fantastic credit card offer. Metro Bank has launched a 0% MasterCard® for 12 months that will give customers 0% APR on purchases, balance transfers and cash advances.

Metro Bank Says “Thank You”
The new credit card offering is unlike any other credit card currently on the market, it offers customers 0% APR for 12 months, however they choose to use it, be it for purchases, balance transfers or cash advances. Customers need a Metro Bank current account to be eligible for the exclusive offer. There is a 3% handling fee applied to balance transfers on new credit card applications but no charge on balance transfers to customers with existing credit cards. You are able to transfer balances to your Metro Bank credit card up to 75% of its limit.

Craig Donaldson, Chief Executive Officer at Metro Bank, commented: “To celebrate our first Birthday all existing and new credit card customers will enjoy 0% interest for 12 months however they choose to use it. Whether it be purchases, cash withdrawals or balance transfers it is the same 0%. We promised no stupid bank rules and this deal proves that one year after we first opened our doors, we are continuing to deliver on our promise”

Table one: Credit Card APR after 12 month introductory offer

Representative Example (At end of introductory period, balance transfers and purchases will be 13% p.a.)

Representative APR: 13% APR (variable)
Purchase rate: 13% p.a. (variable)
Assumed credit limit: £1,200

The actual credit limit assigned to your account will vary depending on our credit assessment of you.

Notes to Editors *On new purchases, cash withdrawals & balance transfers until 30th September 2012. Subject to terms and conditions. Metro Bank PLC is authorised and regulated by the Financial Services Authority. You must be 18 or over and a UK resident to apply.