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Drafty

Credit Card Alternative

This is a credit line product, not a credit card.

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Balance Transfer offer duration
N/A
0% Purchase offer duration
N/A
Representative % APR (fixed)
89.6% APR
Transfer Fee
N/A

Representative Example

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Based on borrowing £1,200 over 12 months at an annual interest rate of 65.7% (fixed) and repaying in 12 monthly instalments, your representative APR will be 89.6% (fixed). Total amount repayable is £1627.05

What’s Good

The rate you see here is the rate you will get, if accepted
Zero fees for late payments, early repayments or cash withdrawals
You could get the money to your bank within 90 seconds once approved
User friendly mobile app for easy redraw & payments
Access to The Drafty Club rewards programme

What’s Bad

It’s a cash advance line of credit so doesn't have a physical card
You could get a lower credit limit down to £200

Features

This is not a credit card. It is a credit line product. A credit line is when a lender transfers an agreed amount of cash which you can use whenever you need
Interest is only charged on the amount of money you draw
You can redraw up to your credit limit without having to apply again and without further credit checks (as long as you're in good standing)
Credit limits range from £200 to £3000

Eligibility

You must be 18 or over
You must be a UK resident with an active bank account and debit card
You must not have had a CCJ or IVA in the past 36 months
You must not have had a default in the past month or have been declared bankrupt in the past 36 months
You must earn over £15,000 a year
You must have a credit history

Rates and Fees

Balance Transfer Offertooltip
Intro Rate
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n/a
Duration
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n/a
Transfer Fee
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n/a
Purchase Offertooltip
Intro Rate
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n/a
Duration
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n/a
Annual Interest Ratestooltip
Balance Transfers
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n/a
Purchases
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n/a
Cash Withdrawals
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65.7 %
Other Key Facts
Annual Fee
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£0
Cash Advance Fees
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0 %
Minimum Age
18 years
Minimum Income
£15,000
Overseas Transaction Fee
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n/a
What does ’pre-approved’ mean?

If you are pre-approved, this means that you will get the card or loan, at the rate advertised, providing the information you give us in accurate and you pass the lender’s final checks, which include fraud and responsible lending safeguards

We're on a mission to help everyone move their finances forward and gain financial momentum.


TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Trading Address and Registered Office: Chapter House, 16 Brunswick Place, London N1 6DZ. Credit is available, subject to status, only to UK residents aged 18 or over.

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