Product focus: 0% purchase cards - Credit cards - News - Moneyfacts


Product focus: 0% purchase cards

Product focus: 0% purchase cards

Category: Credit cards

Updated: 13/06/2011
First Published: 01/06/2011

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 It is now over 6 months old so the content may be out of date.

There are a number of different credit cards on the market aimed at different types of customers.

For those looking to spread the cost of new purchases without paying any interest then a card with an introductory purchase deal may be a good option.

There are varying lengths of 0% periods on the market, here are a selection of the longest ones:

Marks & Spencer Money MasterCard

  • Marks & Spencer Money top the introductory purchase best buys making no interest charges for the first 15 months, after which the rate reverts to a competitive 15.9% APR.
  • Customers also benefit from a loyalty scheme with 1 point earned per £1 spent in M&S stores and 1 point earned per £2 spend elsewhere.
  • These points can then be redeemed for M&S vouchers.

Tesco Bank Clubcard MasterCard

  • The Clubcard MasterCard also makes no interest charges for the first 15 month, reverting to 16.9% thereafter.
  • The card also makes no interest charges on balance transfer for 9 months, subject to a 2.90% fee.
  • Customers can earn Clubcard points based on their spend on the card, which can redeemed instore or through Clubcard affiliated partners.

Halifax All in One MasterCard

  • If customers are looking to make new purchases and reduce an existing balance then the All in One MasterCard from Halifax may appeal.
  • The card makes no interest charges on both new purchases and balance transfers for the first 12 months, although a one off 3.00% fee based on the amount transferred is payable on balance transfers.
  • After the introductory deals end the card reverts to 17.9% APR.

Find the best credit card rates - Compare credit cards

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 Any products featured may be withdrawn by their provider or changed at any time.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