0% balance credit card for Valentine spenders - Credit cards - News - Moneyfacts


0% balance credit card for Valentine spenders

0% balance credit card for Valentine spenders

Category: Credit cards

Updated: 13/02/2009
First Published: 13/02/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Those who are thinking of splashing out on their loved ones this Valentine's Day have been advised to consider a zero per cent balance credit card.

Halifax research has revealed that the average credit card holder spends over £40 on flowers and more than £170 on jewellery at this time of year.

And with some consumers also considering an expensive engagement ring to match a proposal, the bank has suggested that its All-In-One Credit Card could cater to a romantic's needs.

It offers a zero per cent rate on balance transfers as well as purchases for nine months and Alan Brindley, of Halifax Credit Cards, remarked: "Our research shows that Brits do have big hearts when it comes to Valentine's Day, but this doesn't have to mean a broken wallet."

This week Abbey revealed that its zero per cent balance credit card had been named Best New Credit Card of the Year at the fourth annual Card Awards.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

It’s looking to be a credit Christmas

We are now less than 70 days away from Christmas, and with 70% of people admitting they haven’t started saving yet, millions will be needing to play catch-up - and plenty planning to turn to credit for some Christmas spending relief.

Can no credit score be as damaging as a bad one?

Debt is becoming an increasing problem, which is why those who have no credit commitments often feel pretty smug about it. However, while not relying on credit is admirable, having no credit score can actually be just as damaging as having a bad one.

Know your credit score – key to better borrowing

We all know how important it is to be credit savvy. It’s the only way to make credit work, which is why it’s so concerning that so few people know their credit score – and some don’t even know how much they’re borrowing.