Post Office Money 0% interest card now no. 1 | Product News | moneyfacts.co.uk

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Post Office Money 0% interest card now no. 1

Post Office Money 0% interest card now no. 1

Category: Credit cards
Date: 07/06/2017

Post Office Money has increased the introductory 0% interest terms on its balance transfer and purchase credit card, which sees it shoot straight to the top of the Best Buy chart for its sector, earning our highest rating in the process.

The basics…

The Post Office Money Matched MasterCard now boasts an introductory interest-free term of 30 months on both purchases and balance transfers, becoming the joint-market leader in this sector. It comes with an introductory balance transfer fee of 2.75%.

The finer details…

Balances must be transferred within 90 days in order to receive the 0% deal, 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 the same 2.75% fee, while standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old with a minimum annual income of £8,000 and should remember that rates are representative and dependent on credit ratings. This card, which is issued by Bank of Ireland UK plc on behalf of Post Office Money, can be obtained online or over the phone.

Why we like it…

The increased interest-free term on both purchases and balance transfers has made this credit card competitive enough to earn the coveted number one spot in its Best Buy chart, as well as our highest 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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