0% balance transfer & purchases deal extended | Product News - Moneyfacts

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0% balance transfer & purchases deal extended

0% balance transfer & purchases deal extended

Category: Credit cards
Date: 08/10/2015

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 It is now over 6 months old so the content may be out of date.

AA has increased the length of its interest-free term for balance transfers and purchases on its credit card to a joint market-leading 24 months, earning it an 'outstanding' rating.

The basics…

Dual Credit Card MasterCard now has a 24-month 0% interest term for both balance transfers and purchases, up from 20 months. This enhances its competitiveness and enables it to share the top spot in its sector. A fee of 2.98% will be charged.

The finer details…

Balance transfers must be made within 92 days of the account being opened in order to qualify for the 0% deal. Once the initial offers expire, balance transfers will be charged at 19.9% per annum while standard purchases will carry a charge of 19.9% APR.

As an added bonus, borrowers taking out this card will be given a 40% discount on AA European breakdown cover on trips of three days or more (available until 1.1.16).

Applications by phone and online can be made by borrowers who are at least 18 years old with an annual income of £8,000. Applicants should remember that rates are representative and dependent on their credit history.

Why we like it…

By extending its interest-free term to 24 months, this card has managed to move up the charts and take a place alongside the market-leader of its sector. Borrowers who are looking to clear their credit card debt and spread the cost of future purchases are therefore likely to view this deal with interest. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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