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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Barclaycard’s new 0% interest credit card 17th January 2017

Barclaycard has launched a new 0% interest credit card, which boasts competitive introductory deals on both purchases and balance transfers. This combination has made it competitive enough to earn our highest rating as well as the number two spot in the Best Buy chart for its sector.
The basics… The Barclaycard Platinum 27 Purchase and Balance Transfer Visa has an introductory interest-free term of 27 months on both purchases and balance transfers, which sees it sit just behind the market-leader for its terms. It comes with an introductory balance transfer fee of 2.49% (after a partial refund).
The finer details… Balance transfers must be made within 60 days in order to qualify for the offer, with a minimum transfer amount of £100. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.9%, but without a fee, and standard purchases will be charged at 18.9% APR.
Barclaycard offers additional services including free access to your Experian Credit Score and Fee Free Friday, whereby you can buy show and gig tickets without paying admin fees and benefit from presale tickets.
Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.

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Post Office improves balance transfer card 17th January 2017

Post Office Money has increased the introductory term on its 0% balance transfer credit card, which has seen it enter the Best Buy chart for its sector and earned it a high Moneyfacts rating in the process.
The basics… The Post Office Money Balance Transfer Credit Card MasterCard now boasts an introductory balance transfer term of 41 months, with an introductory fee of 3.25%. It also comes with an introductory 0% purchase term of three months from the date of issue.
The finer details… After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.9%, while standard purchases will be charged at 18.9% APR.
Borrowers must be at least 18 years old with a minimum income of £8,000 and should remember that rates are representative and dependent on credit ratings. The card, which is issued by Bank of Ireland UK plc on behalf of Post Office Money, can be obtained online or over the phone.

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Sainsbury’s reduces balance transfer fee 12th January 2017

Sainsbury's Bank has reduced the introductory fee on its leading 0% balance transfer credit card by a whopping 1.15%, which has improved its position in the Best Buy chart for its sector and earned it our highest rating.
The basics… The Sainsbury's Bank 42 Month Long Balance Transfer Credit Card MasterCard now boasts an introductory balance transfer fee of 2.35% (min. £3) to complement its long interest-free term of 42 months. It also has an introductory 0% purchase term of three months from the date of issue.
The finer details… After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95%, while standard purchases will be charged at 18.9% APR.
As a bonus for loyal Sainsbury's shoppers, this card comes with 5,000 Nectar points for new customers who spend £250 on Sainsbury's shopping or fuel in the first 40 days (valid until 26.3.17), and another 3,000 bonus points if the card is taken out before the end of January and a balance of at least £1,000 is transferred in before then. Customers will also earn two Nectar points per £1 spent on Sainsbury's shopping or fuel and one point for every £5 spent elsewhere, whereby they should remember there is only a three-month interest-free term on using the card to make purchases.
Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.

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Virgin Money improves 0% purchase card 10th January 2017

Virgin Money has increased the introductory purchase term on its 0% purchase credit card, which sees it sit just behind the market-leader. This has allowed the card to take second place in the Best Buys for its sector, as well as earning it our highest rating.
The basics… The Virgin 28 Month Purchase Credit Card MasterCard now boasts an introductory 0% purchase term of 28 months, as well as an introductory balance and money transfer term of 18 months (down from 20 months). It comes with an introductory balance transfer fee of 1.99% (min £3) and an introductory money transfer fee of 2.99% (min £3).
The finer details… Balance and money transfers must be completed within 60 days of card issue to benefit from the introductory offers. After the introductory periods have ended, standard purchases will be charged at 19.9% APR, while balance and money transfers will have an annual rate of 19.9% with a 5% fee (min £5).
The card can be requested online or over the phone, after which it can also be managed by post. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.

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M&S Bank’s new all-round credit card 10th January 2017

M&S Bank has launched a new all-round credit card, with introductory deals on purchases and balance transfers. This combination of introductory terms has made it competitive enough to earn a high Moneyfacts rating.
The basics… The M&S Bank Transfer Plus MasterCard has an introductory interest-free term of six months on all purchases, and 32 months of interest-free balance transfers, with a competitive introductory balance transfer fee of 0.99% (min £5).
The finer details… Balance transfers must be made within 90 days in order to qualify for the offer, with a minimum transfer amount of £100. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.9% with a 2.90% fee, and standard purchases will be charged at 18.9% APR.
Loyal M&S shoppers will be happy to hear that they can gain 500 reward points on account opening, worth £5, as well as earning one point for every £1 spent in UK M&S stores, catalogues, online, outlets or Simply Food. One point will also be earned on every £5 spent elsewhere. Every 100 points tots up to a £1 reward voucher, to be redeemed in M&S's UK stores or online. Another bonus is that borrowers will be able to enjoy preferential rates and terms on travel money, thereby truly offering something for everyone.
Borrowers must be at least 18 years old, can apply online, in branch, by post and over the phone, and should remember that rates are representative and dependent on credit ratings.

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BoS reduces balance transfer card fee 10th January 2017

Bank of Scotland has reduced the introductory balance transfer fee on its leading balance transfer credit card, which has improved its position in the charts and earned it a high rating.
The basics… The Bank of Scotland Platinum 40 Month Balance Transfer MasterCard now boasts an introductory balance transfer fee of 1.88%, down 0.06%, which is the lowest rate available for its introductory balance transfer term of 40 months from date of issue. It also comes with a six-month 0% interest term for purchases.
The finer details… Balances must be transferred within 90 days of account opening to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee and standard purchases at 18.9% APR.
Borrowers must be at least 18 years old, can apply online or over the phone, and should remember that rates are representative and dependent on credit ratings.

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Lloyds increases balance transfer card term 10th January 2017

Lloyds Bank has increased the introductory balance transfer term on its leading balance transfer card, which has helped move it up to third place in the Best Buy chart for its sector and earned it our highest rating.
The basics… The Lloyds Bank Online Platinum 42 Month Balance Transfer MasterCard now has an introductory balance transfer term of 42 months, placing it just behind the market-leaders. Although its introductory balance transfer fee has also increased slightly, to 2.35%, this remains a highly competitive rate. It still comes with a six-month 0% interest term for purchases.
The finer details… After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.94% with a 3% fee (min £3). Standard purchases will be charged at 18.9% APR.
The card must be opened online, after which it can be managed online, in branch, via smartphone app and over the phone. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.

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Halifax’s balance transfer card at no. one 09th January 2017

Halifax has increased the introductory balance transfer term on its leading balance transfer credit card, making it the joint-longest available, which helps it take over the number one spot in the Best Buy chart of its sector, earning it an Outstanding rating in the process.
The basics… The Halifax 43 Month Balance Transfer Credit Card MasterCard now offers an introductory balance transfer term of 43 months, making it the joint market-leader. It comes with an introductory balance transfer fee of 3.28% and also boasts a six-month 0% interest term for purchases.
The finer details… Balances must be transferred within 90 days of account opening to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee. Standard purchases will be charged at 18.9% APR.
Borrowers must be at least 18 years old, can apply online or by post, and should remember that rates are representative and dependent on credit ratings.

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Relaunched balance transfer card 29th December 2016

Sainsbury's Bank has reintroduced its leading 0% balance transfer credit card, which boasts the joint-longest introductory interest-free balance transfer term available of 42 months. This has easily earned the card the number two spot in the charts and our highest rating.
The basics… The Sainsbury's Bank 42 Month Long Balance Transfer Credit Card MasterCard has an introductory balance transfer fee of 3.5% (min. £3) to complement its interest-free term of 42 months. It also has an introductory 0% purchase term of three months from the date of issue.
The finer details… After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95%, while standard purchases will be charged at 18.9% APR.
As an added bonus to loyal Sainsbury's shoppers, this card comes with 5,000 bonus Nectar points for new customers who spend £250 on Sainsbury's shopping or fuel in the first 40 days, and another 3,000 bonus points if the card is taken out between tomorrow and the end of January and a balance of at least £1,000 is transferred in the first month.
Customers will also earn two Nectar points per £1 spent on Sainsbury's shopping or fuel and one point for every £5 spent elsewhere, though they should remember there is only a three-month interest-free term on using the card to make purchases. Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.

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Virgin Money launches new 0% purchase card 02nd December 2016

Virgin Money has launched a new purchase credit card with an introductory purchase term of 27 months, just behind the market-leader. This has allowed the new card to gain a high position in the Best Buys, as well as earning it the highest Moneyfacts rating.
The basics… The Virgin 27 Month Purchase Credit Card MasterCard boasts not only an introductory 0% purchase term of 27 months, but also an introductory balance and money transfer term of 20 months, offering borrowers the full interest-free package. It comes with an introductory balance transfer fee of 2.99% and an introductory money transfer fee of 4%.
The finer details… Balance transfers must be completed within 60 days of issue to benefit from the introductory offer. After the introductory periods have ended, standard purchases will be charged at 19.9% APR, while balance and money transfers will have an annual rate of 19.9% with a 5% fee.
The card can be requested online or over the phone, after which it can also be managed by post. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.

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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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