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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email:

Wed 16-Aug-2017
NewsPost Christmas credit card blues?
19 January 2017
Post Christmas credit card blues?

If your post Christmas credit card bill has just landed and you’re worried about paying it off, why not talk to us? You could pay it off with a Credit Union loan and then look at trying our alternative card.

We offer loans of up to £15,000 and you can apply for a loan straight away, although often we will reward you with even lower interest rates if you have saved with us first.

To apply for a low cost loan you must first join as a Credit Union member. When your loan is approved and, if you are not already a member, you must open your account with a minimum £20 deposit to your savings account.

The granting of a Credit Union loan is based upon evidence of affordability. Unlike other lenders we will not judge you if you have had financial problems nor will we encourage you to borrow more than you need or can afford.

Martin Groombridge, Chief Executive of the Credit Union, said: “Our low cost saver loans allow you to borrow the amount you need – which could help you pay off your credit card bill – while building up savings which could go towards paying for next Christmas, a holiday or home repairs, for example.”

You can apply for a low cost ‘Instant Saver Loan’ at any time, but if you choose to pay through a payroll deduction scheme, or save at least £27 per calendar month for 12 months, you will be rewarded for saving by qualifying for an even lower interest rate ‘Saver Loan’.

We also offer a contactless Visa debit card that’s an ideal alternative to expensive credit cards.

You can use the Engage Visa card in much the same way as a credit card, to purchase goods or services online, or in stores or restaurants, in fact anywhere that displays the 'VISA' symbol.

You can get cashback in shops or withdraw money from ATM’s at home or abroad. Unlike a credit card, this card doesn’t let you go over your limit, and has a fixed and open charging structure, with no nasty hidden charges.

Martin Groombridge added: “As a member of the Credit Union you can have your Saver Loan credited to your card account and have all the flexibility of your Visa ‘flexible friend’ but at low credit union borrowing rates. What better way of avoiding the post Christmas credit card blues next year?”

To apply for an Engage Visa card you can use the form in members' secure area of our website.

Find Us here:
  • London Capital Credit Union
  • Tel: 020 7561 1786 (Multilingual advisors available)  • 
  • Fax: 020 7272 8192  • 
  • Email:
  • Web:
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Ref. No. 214094