Top 5 0% introductory purchase credit cards - Credit cards - News - Moneyfacts

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Top 5 0% introductory purchase credit cards

Top 5 0% introductory purchase credit cards

Category: Credit cards

Updated: 04/04/2013
First Published: 04/04/2013

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 It is now over 6 months old so the content may be out of date.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 large number of credit cards offer introductory deals on purchases, allowing you to spend on your card without being charged any interest for a set period.

These cards can be particularly handy when making large purchases, such as holidays, although it can be tempting to make regular purchases in the knowledge that no interest will be charged for a year or more.

As with any form of credit, you must make sure you can afford to meet the monthly repayments. Before committing to a purchase card, set up a spending limit and a repayment plan to ensure you can remain in control of your card. Also, the 0% aspect only applies to purchases, so always avoid using these cards to withdraw cash from an ATM.

Here are the current top 5 cards offering 0% on purchases:

Representative purchase APR (variable)
Card details


Halifax Purchase
Halifax

Purchase Credit Card

16.9% APR
  • 0% interest on introductory purchases for 17 months
  • 56 days' interest free
  • 0% on balance transfers for 6 months

Penny saysPenny says…
"Sitting proudly at the top of the purchase card market is this deal from Halifax.

"This card should appeal to customers who do not wish to pay any interest for a significant period, although it is important to remember that the minimum repayment of £5 must be paid each month or else the promotional rate will be withdrawn."

Representative purchase APR (variable)
Card details


tesco Bank
Tesco Bank
Clubcard Credit Card for Purchases MasterCard

16.9% APR
  • 0% interest on introductory purchases for 16 months
  • 51 days' interest free
  • No fees for Tesco travel money
  • Tesco Clubcard points accrued for spending
  • 0% on balance transfers for 9 months

Penny saysPenny says…
"Taking silver position is this all-round competitive card, rewardingTesco Clubcard points for spending and offering no fees for customers using Tesco's travel money service.

"This deal also offers 0% on balance transfers for 9 months."

Representative purchase APR (variable)

Card details

M&S
M&S Bank MasterCard

16.9% APR
  • 0% interest on introductory purchases for 15 months
  • 55 days' interest free
  • One point accrued for every £1 spent at M&S
  • 0% on balance transfers for 12 months
  • Emergency cash service offered

Penny saysPenny says…
"In a similar vein to the Tesco Bank Clubcard Credit Card, this deal from M&S Bank offers customers the incentive of receiving points for spending.

"A competitive 12-month balance transfer period is also offered with this card."

Representative purchase APR (variable)
Card details


Halifax All in One
Halifax
All in One
Online MasterCard

17.9% APR
  • 0% interest on introductory purchases for 15 months
  • 56 days' interest free
  • 0% on balance transfers for 15 months
  • Emergency card replacement service offered

Penny saysPenny says…
"Falling just outside the top three is this attractive card from Halifax.

"Unlike the 12 month introductory period offered with its All in One Branch/Telephone card, this online deal charges 0% on all purchases and balance transfers for 15 months."

Representative purchase APR (variable)

Card details


Natwest
NatWest
Your Points World MasterCard

17.9% APR
  • 0% interest on introductory purchases for 15 months
  • 56 days' interest free
  • 0% on balance transfers for 9 months
  • 2,500 points awarded following card being taken out

Penny saysPenny says…
"NatWest makes it into the top five of the market with this attractive card offering 0% on all spending for 15 months.

"This card can only be opened via the internet, so should suit customers who prefer to conduct their finances online."



Information & Rates correct as at: 04/04/2013

What next?

Compare credit cards with 0% purchase rates
Compare 0% on balance transfers

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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