Credit cards Updated:
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.
Halifax Purchase Credit Card
Penny 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is important to remember that the minimum repayment of £5 must be paid each month or else the promotional rate will be withdrawn."
Tesco Bank Clubcard Credit Card for Purchases MasterCard
Penny 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)
M&S Bank MasterCard
Penny 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."
Halifax All in One Online MasterCard
Penny 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."
NatWest Your Points World MasterCard
Penny 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
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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