AA credit card holds its own in the charts | Product News - Moneyfacts

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AA credit card holds its own in the charts

AA credit card holds its own in the charts

Category: Credit cards
Date: 14/04/2016

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 It is now over 6 months old so the content may be out of date.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 amended the terms and rates on its purchase and balance transfer credit card, earning it the top accolade and a continued place on the Moneyfacts charts as a result.

The basics…

Dual Credit Card MasterCard now has a longer 0% interest purchase term, which now stands at competitive 26 months, but a shorter interest-free balance transfer term of 20 months with a fee of 2.98%.

The finer details…

Balance transfers must be made within 91 days in order to qualify for the interest-free deal. Once the initial offers end, balance transfers will be charged at an annual rate of 18.9%, while standard purchases will be charged a new lower rate of 18.9% APR.

Borrowers must be at least 18 years old with a minimum annual income of £8,000 in order to apply. Applications can be made by phone or online. Borrowers should remember that rates are representative and dependent on their credit rating.

Why we like it…

The extension of the 0% interest purchase term has made this card more appealing to those who are looking to spread the cost of their purchases. The interest-free balance transfer term may have been reduced, but it still offers borrowers a competitive 20 months of 0% interest transfers, which will continue to appeal to those looking to clear their credit card debts. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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