By: Peter Stephens | Updated: 4th June, 2019.

Great for: No fees for spending abroad plus an attractive APR
4 stars question mark

The Creation Everyday Credit Card has no foreign transaction fee, which makes it an attractive travel card. And since it lacks an annual fee, it could be a worthwhile travel companion, even for consumers who rarely make international trips. A lack of rewards and offers, though, limits the card’s wider appeal.

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CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • No foreign transaction fees
  • No annual fee
  • Online banking to manage your account on the go

REPRESENTATIVE EXAMPLE

Representative rate 12.9% APR (variable)
Purchase rate 12.9% p.a. (variable)
Based on borrowing £1,200

what we like

  • No foreign transaction fees
  • No annual fee
  • Online banking to manage your account on the go
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    12.9%
  • INTRO OFFER:

    N/A

KEY SCORES:

  • 1/5 Perks
  • 5/5Fees
  • 5/5APR

HIGHLIGHTS

  • No foreign transaction fees
  • No annual fee
  • Online banking to manage your account on the go

REPRESENTATIVE EXAMPLE

Representative rate 12.9% APR (variable)
Purchase rate 12.9% p.a. (variable)
Based on borrowing £1,200

OUR BOTTOM LINE

The Creation Everyday Credit Card has no foreign transaction fee, which makes it an attractive travel card. Its lack of an annual fee means that it could be a worthwhile travel companion, even for consumers who rarely make international trips. A lack of rewards and offers, though, limits the card’s wider appeal. Many consumers may be better off using the Creation Everyday Credit Card as a second credit card, with a rewards or cashback card to maximise their benefits from credit card spending in the UK.

Credit Rating Requirement: Good/Excellent

What I like

  • No foreign transaction fees – Unlike many credit cards, the Creation Everyday Credit Card does not charge a non-sterling transaction fee. This means that the cost of using the card abroad is no different than in the UK. The lack of a foreign transaction fee makes the card appealing from a travel perspective, with many non-travel credit cards charging around 3% for payments in currencies other than sterling. The Creation Everyday Credit Card also does not charge a fee for withdrawing cash while abroad, which reduces the need to take large amounts of cash on holiday. However, interest is charged on cash withdrawals in the UK and abroad. This means that cash withdrawals should be paid off immediately in order to avoid interest charges.
  • No annual fee – The card does not charge an annual fee, which helps to make it a more flexible offering for consumers who want to have more than one credit card. Of course, the card can be used as an individual’s primary credit card, but its lack of an annual fee means that it could also be used as a second credit card solely for travel purposes. This could mean than an individual can have other credit cards, such as a rewards card, in order to maximise their benefits and savings during the course of the year.
  • No balance transfer fee – While the card’s main appeal is in its travel offering, it also does not have a balance transfer fee. This means that consumers may be able to transfer existing debt held on another credit card without being charged for doing so. This could be appealing should the interest rate on the Creation Everyday Credit Card be lower than that being paid on existing credit card debt.

Why trust me

I have been writing for The Motley Fool since 2013, and have experienced the booms and busts of the UK economy for a number of decades both as an investor and a consumer. I have held various senior management positions during my career, while also setting up my own manufacturing company in 1996. It was subsequently sold in 2007. I have a keen interest in consumer finance, as well as in the stock market.

What could be improved

  • Offers – While the card has appeal from a travel perspective, it lacks introductory offers to make it more attractive versus rivals. For example, it does not have a lower introductory rate of interest on new purchases, nor does it have a 0% balance transfer period. Such offers could help to differentiate the card from its rivals and make it more appealing to consumers who are seeking features other than those associated with a travel card.
  • Rewards – Similarly, the card lacks the opportunity to gain rewards or cashback. Since around 60% of consumers in the UK repay their credit cards in full each month, they may benefit from having a card that offers rewards or cashback. The Creation Everyday Credit Card’s lack of an annual fee, though, may mean that an individual is able to use a rewards or cashback card as their primary credit card, while having the Creation Everyday Credit Card as a travel card solely for international trips.

How does it stack up?

From a travel perspective, the Creation Everyday Credit Card is an attractive proposition. Its lack of foreign transaction fees could slash the costs associated with travelling abroad, which could prove to be surprisingly high even for individuals who travel internationally relatively infrequently. Its lack of an annual fee may also make it appealing as a second credit card, with consumers being able to benefit from having a rewards or cashback credit card as their primary card.

Although the card’s lack of a balance transfer fee helps to differentiate it versus travel card peers, it lacks offers or rewards. This may mean that consumers are better off having a different card for domestic use in order to maximise the benefits they receive when using credit cards, while having the Creation Everyday Credit Card for use when outside the UK.

Credit score

Applications for the Creation Everyday Credit Card can be made online. As with all credit cards, the interest rates provided online are representative rates that are available for 51% of successful applicants. This means that a large minority of applicants could receive a different rate to that advertised.

How to apply

Online applicants have the opportunity to use an eligibility checker. This provides guidance on whether an application may be accepted, without hurting the individual’s credit score. This could help someone decide whether to proceed with an application while researching credit cards.

For consumers who would rather speak to someone about the card rather than apply online, Creation’s UK-based call centre is open every day of the year.

When applying, information such as your employment details, address history and bank account details will be required. It is, therefore, a good idea to have that information to hand before starting the application process.

Is the Creation Everyday Credit Card right for you?

For consumers who are seeking a card to use when travelling internationally, the Creation Everyday Credit Card serves its purpose well. Its lack of foreign transaction fees on spending and cash withdrawals made abroad could lead to significant savings over the long run. Its lack of an annual fee also means that it may be appealing as a travel card for individuals who only intend to leave the UK a couple of times per year on holiday.

Although the card’s lack of a balance transfer fee helps to broaden its appeal to a wider variety of consumers as well as differentiate its offering versus those of its peers, it lacks rewards and offers. This could mean that many consumers would benefit from having a different card for use while in the UK, in order to obtain rewards, cashback or a variety of other offers which are available on some credit cards at the present time. In such a scenario, the Creation Everyday Credit Card could be useful as a second card which is used solely for travel purposes due to its lack of an annual fee.

See the Best Travel Credit Cards


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