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No need for high-interest credit cards

No need for high-interest credit cards

Category: Credit cards

Updated: 04/12/2008
First Published: 04/12/2008

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 It is now over 6 months old so the content may be out of date.

A new card has been launched to help consumers with their gift buying over Christmas.

Backed by Alliance & Leicester, the 3V Visa Internet Shopping Gift Card allows people to shop without the need for a credit card and therefore avoid interest charges.

It is bought in shops for £25 and can be activated online, then used in the same manner as a Visa debit or credit card.

And 3V stated: "In these times of economic recession it gives everyone the opportunity to make the most of the great deals that can be had online, so 'present money' goes that little bit further."

The card is available in four different designs and offers security by allowing consumers to avoid providing personal details to websites.

Earlier this week Egg noted that using a reward credit card for online shopping can bring significant benefits, including cashback and insurance for purchases.

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 Any products featured may be withdrawn by their provider or changed at any time.

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