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Current Account and Credit Card Star Ratings 2024

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
06/09/2023

A stellar year for the Personal Current Accounts and Personal Credit Cards Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for Personal Current Accounts and Personal Credit Cards.

  • For 2024, in personal current accounts, there were 45 Five-Star and 29 Four-Star Ratings awarded across the categories of standard, packaged, premium, youth, student and graduate accounts.
  • For personal credit cards, there were 47 Five-Star and 33 Four-Star Ratings across the standard and credit repair categories.
  • Year on year number of products has remained relatively consistent, with the total number of credit cards available falling by four while the number of personal current account products available has increased by five.
  • Over 225 fields of information per individual product were collected for personal current accounts and more than 250 fields of information per individual product were collected for personal credit cards, all available for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing personal current accounts and personal credit cards.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-01/2023).

A stellar year for the Personal Current Accounts and Personal Credit Cards Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for Personal Current Accounts and Personal Credit Cards.

  • For 2024, in personal current accounts, there were 45 Five-Star and 29 Four-Star Ratings awarded across the categories of standard, packaged, premium, youth, student and graduate accounts.
  • For personal credit cards, there were 47 Five-Star and 33 Four-Star Ratings across the standard and credit repair categories.
  • Year on year number of products has remained relatively consistent, with the total number of credit cards available falling by four while the number of personal current account products available has increased by five.
  • Over 225 fields of information per individual product were collected for personal current accounts and more than 250 fields of information per individual product were collected for personal credit cards, all available for assessment.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing personal current accounts and personal credit cards.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-01/2023).

FOR THE FULL LIST OF 2024 AWARDED PERSONAL CURRENT ACCOUNTS, PLEASE CLICK HERE - FOR PERSONAL CREDIT CARDS, PLEASE CLICK HERE.

 

FOR THE FULL LIST OF 2024 AWARDED PERSONAL CURRENT ACCOUNTS, PLEASE CLICK HERE - FOR PERSONAL CREDIT CARDS, PLEASE CLICK HERE.

 

Samantha Owens, Star Ratings and Personal Finance Analytics Manager at Moneyfacts, said:

“With many still struggling with rising bills, customers can look towards their financial products to help reduce outgoing costs. With current accounts and credit cards often being used on a daily basis, reviewing these products can ensure customers get access to the best benefits and incentives.

“The Moneyfacts Annual Star Ratings take away some of the hard work of searching the market, allowing customers to focus their attention on the most complete products. Looking beyond the rates, these ratings concentrate on the flexibility of the product along with highlighting those with added benefits that can help with finances in the longer term.”

Samantha Owens, Star Ratings and Personal Finance Analytics Manager at Moneyfacts, said:

“With many still struggling with rising bills, customers can look towards their financial products to help reduce outgoing costs. With current accounts and credit cards often being used on a daily basis, reviewing these products can ensure customers get access to the best benefits and incentives.

“The Moneyfacts Annual Star Ratings take away some of the hard work of searching the market, allowing customers to focus their attention on the most complete products. Looking beyond the rates, these ratings concentrate on the flexibility of the product along with highlighting those with added benefits that can help with finances in the longer term.”

Numerous features are considered when assessing the ratings, and some of these include:

Numerous features are considered when assessing the ratings, and some of these include:

Personal current accounts

Personal current accounts

  • Opening and operating options
  • Funding
  • Card availability
  • Credit interest
  • Overdraft availability
  • Direct debit, standing order & cheque book availability
  • Refused charges
  • Foreign usage charges
  • Text alerts
  • Opening and operating options
  • Funding
  • Card availability
  • Credit interest
  • Overdraft availability
  • Direct debit, standing order & cheque book availability
  • Refused charges
  • Foreign usage charges
  • Text alerts
  •  Switching incentives
  • Cashback
  • Travel insurance
  • Preferential deals on savings, mortgages, loans & credit card products
  • Emergency cash services
  • Vehicle breakdown
  • Gadget & mobile phone insurance
  • Discounts on restaurants and leisure attractions
  •  Switching incentives
  • Cashback
  • Travel insurance
  • Preferential deals on savings, mortgages, loans & credit card products
  • Emergency cash services
  • Vehicle breakdown
  • Gadget & mobile phone insurance
  • Discounts on restaurants and leisure attractions

Personal credit cards

Personal credit cards

  • Opening and operating options
  • Payment options
  • Balance transfer availability
  • Money transfer availability
  • Contactless
  • Card fees and charges
  • Balance and money transfer fees
  • Cash withdrawal fees
  • Late payment charges
  • Foreign usage charges
  • Minimum interest charges
  • Airport lounge access

 

  • Opening and operating options
  • Payment options
  • Balance transfer availability
  • Money transfer availability
  • Contactless
  • Card fees and charges
  • Balance and money transfer fees
  • Cash withdrawal fees
  • Late payment charges
  • Foreign usage charges
  • Minimum interest charges
  • Airport lounge access

 

  • Free emergency card
  • Free emergency cash
  • Interest-free days
  • Loyalty schemes
  • Luggage insurance
  • Free text alerts
  • Extended appliance warranty
  • Cashback
  • Travel accident insurance
  • Flight delay/cancellation insurance
  • Enhanced purchase protection

 

  • Free emergency card
  • Free emergency cash
  • Interest-free days
  • Loyalty schemes
  • Luggage insurance
  • Free text alerts
  • Extended appliance warranty
  • Cashback
  • Travel accident insurance
  • Flight delay/cancellation insurance
  • Enhanced purchase protection

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Funds
  • Equity Release
  • Critical Illness Cover
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Ethical Funds
  • Equity Release
  • Critical Illness Cover
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Contact Us If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.
James Hyde Press & PR Manager
Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Apprentice Press & PR Assistant