118 118 Money
Quick loans alternative with fair APR, up to £1,200 credit limit, eligibility check with no credit impact and Apple Pay available. Bad credit histories welcomed.
118 118 Money offers a unique alternative to traditional quick loans in the UK with its Simple Interest Rate Credit Card. Featuring a guaranteed credit limit of up to £1,200, the card comes with a representative annual interest rate of 49% APR (variable). Applicants can check their eligibility without impacting their credit score, and those with less-than-perfect credit histories are welcome to apply. The entire application can be completed online, and successful cardholders can now enjoy the added convenience of Apple Pay for secure, fast payments.
How to Apply for the 118 118 Money Quick Loan Alternative
- Check your eligibility online with no credit impact
- Fill in your personal and financial details
- Review your potential credit limit
- Submit your application for a quick credit decision
Key Advantages
One notable advantage is the soft eligibility check, which lets you see your chances of approval without any credit history harm. This feature is ideal for cautious borrowers.
Moreover, the reasonable credit limit and transparent interest rate offer flexibility for those seeking manageable, short-term finance. The option to use Apple Pay adds further convenience for everyday transactions.
Potential Downsides
The card’s interest rate, while lower than many payday or quick loans, is still relatively high compared to mainstream bank credit cards. Responsible borrowing is essential.
Some users may find the maximum available credit limit of £1,200 restricting, especially if larger sums are needed immediately.
Final Verdict
Overall, 118 118 Money’s Simple Interest Rate Credit Card provides a fair and flexible alternative to risky quick loans, particularly for those working to rebuild their credit. If you value a transparent application process and immediate Apple Pay access, it may be worth considering.
