Little Red Card (Peoples Bank)

Member Name: pussycat

Product:	Peoples Bank
Date:	10/09/00 (130 review reads)
Rating:

Advantages: Standard credit card package plus donations to Comic Relief

Disadvantages: None

The 'little red card' is the People's Bank Comic Relief Visa. I got on as part of a big Comic Relief promotion a couple of months ago in which People's Bank agree to give £5 to Comic Relief for every account opened and a further 60p for every £100 spent or transferred from another credit card account.

To encourage you to transfer your balance, the introductory interest rate is fixed at 7.9% for the first six months which beats the rate of my main Visa card.

Other than the charitable aspect, it is a pretty standard credit card. There is no annual fee and they issue additional cards for free. I was also sent eight credit card cheques which hasn't happened with any of my other credit cards but, to be honest, I'm not really sure what to do with them!

The People's Bank staff all seemed really helpful on the one two occasions that I have had to telephone them. The first time was to activate my card so there were no problems there but the second time was five days later when the card was declined in a shop. I telephoned People's Bank who could find no reason why the card had been declined but who credited my card with £5 for the inconvenience - don't you love it when banks do that!

The introductory interest rate if quite tempting and its nice to know that People's Bank are so generous at compensating customers if a mistake is made. But the main advantage of the little red card is obviously the donations that are made to Comic Relief. If 10% of the people who make donations on Comic Relief day opened a little red card account and spent £150 in the first month, Comic Relief would receive an additional million pounds by the next Comic Relief day which is really great news.

So I get a pretty standard credit card (in a very fetching colour) which increases the donations to Comic Relief without me actually having to donate anything. Can't be bad.

Summary: