Credit cards Updated:
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.
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