Consider a 0% balance credit card at Xmas? - Credit cards - News - Moneyfacts

News

Consider a 0% balance credit card at Xmas?

Consider a 0% balance credit card at Xmas?

Category: Credit cards

Updated: 16/12/2008
First Published: 12/12/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Credit card, credit cards, 0% balance, Halifax, zero percent balance, balance transfer, Saga, credit cards comparison table, credit cards guides, credit card discussions, credit card blogs

Halifax has advised consumers that they may benefit from the use of zero per cent balance credit cards this Christmas.

The firm's card offers a zero per cent rate on both balance transfers and new purchases for ten months, with a typical APR of 15.9 per cent.

And with the economic downturn placing pressure on finances, head of Halifax Credit Cards Alan Brindley noted that such a finance option could help those who have not put savings aside.

Halifax has found that a number of products have fallen in price in the last 12 months, with turkeys dropping by two per cent and toys and games down five per cent.

But Mr Brindley noted: "Whilst Christmas cake and a number of other items may have come down in cost, times remain tough and the importance of setting aside a budget and sticking to it is paramount."

This week Saga launched a credit card offering zero per cent on balance transfers for six months.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Top credit cards for Christmas spending

‘Tis (just about) the season to be jolly, but before all that festive fun begins, chances are you’ve got a bit more shopping to do. But, if you’re turning to credit to fund things, you’ll want to use cards that offer 0% interest deals on purchases.

Spooky reality of high balance transfer fees

Credit card debt is scary at any time of year. While most might assume that opting for the longest deal on offer would save them the most, our data shows some of the longest deals can actually work out to be the most expensive.

Reward credit cards that become ‘pointless’

If you regularly use cards to pay at the till, you may have considered opening a reward credit card to earn points every time you spend. However, not all of these cards are as rewarding as they may seem…
 
Close