The Yorkshire Bank Gold MasterCard
The Yorkshire Bank Gold MasterCard is a credit card available to both customers and non-customers of the bank.
If you’ve built up a balance on an existing credit card that you’ve not cleared, it could be costing you a significant amount in interest each month. The Yorkshire Bank Gold MasterCard could help you out in this situation. New customers have the option to transfer existing balances to the card and pay them off over 12 months free of interest. While there is a 3% transfer fee payable on the balance being moved across, the interest you save could be significant. Be aware that with this card, you can’t transfer balances from any other Yorkshire or Clydesdale Bank credit cards.
As well as interest free balance transfers, new card holders will also benefit from 26 months’ interest free on purchases. The period starts from the date you open the account. Remember, you might lose the benefit if you make late payments or miss minimum repayments so stay on top of your statements.
If you like to whizz through the tills when shopping, you'll be pleased that this Gold MasterCard offers you contactless payment potential on purchases under £30. If you prefer to buy online, you have the benefit of MasterCard Secure Code protection.
One potential issue for those that like to handle their affairs online is this. Although you can apply for your credit card online and get an instant decision, you can’t manage your account electronically with this card - unless you have a Yorkshire Bank account and register for online banking. If you don’t, you'll only receive paper statements and will need to deal with any queries by telephone.