The Thimbl Credit Builder Card is designed for those with low income or looking to improve their credit. With a 48.9% APR (variable), you get a starting credit limit ranging between £200 and £2,000 depending on your individual circumstances and financial background. Applicants must be aged 18-70, be UK residents, have at least one year of address history, and earn at least £800 per month after tax.

How to Apply: Step by Step

1. Check your eligibility online for a soft check.
2. Fill out the application form with your details and income information.
3. Provide proof of income, such as payslips or benefits statements.
4. Submit your application for review by the provider.
5. Receive a decision; successful applicants get a personalised credit limit and can start using the card.

Key Pros

One major advantage of the Thimbl Credit Builder Card is its relatively low minimum income requirement, opening access for those on a modest salary. The eligibility check has no impact on your credit score before applying.

Additionally, responsible use and timely repayments can help build or improve your credit rating over time, making future borrowing easier and potentially at better rates.

Important Cons

The card’s representative APR of 48.9% is fairly high, so carrying balances over time can be expensive. It is also not available to unemployed applicants, which may limit its appeal.

Those with a history of bankruptcy or an Individual Voluntary Arrangement (IVA) are also ineligible, so it’s not suitable for everyone with past credit issues.

Verdict: Is the Thimbl Card Right for You?

If you’re seeking to rebuild your credit and meet the income requirements, the Thimbl Credit Builder Credit Card offers a straightforward way to boost your credit profile. However, make repayments on time and avoid borrowing more than you can afford, as high rates can lead to quick debt accumulation. Assess your ability to repay before you apply.