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Abbey launches new 0% per cent balance credit card

Abbey launches new 0% per cent balance credit card

Category: Credit cards

Updated: 04/03/2009
First Published: 04/03/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Abbey has announced the launch of a new zero per cent balance credit card, in a bid to offer better value for consumers.

The interest-free period for balance transfers applies for 15 months, the longest available on the high street.

Managing director of the bank's credit card division Roger Lovering explained that it is intended to help those who looking for a better means to organise their debt.

"From talking to our customers, it became clear that current priorities are very much about good financial management and value for money," he said, adding: "The simplicity of our new card reflects this."

A zero per cent rate also applies to purchases for three months, with an annual percentage rate of 15.9 per cent then coming into effect.

Last week Abbey revealed that over a third of Britons had switched financial products in order to cut back over the last year, making an average saving of £139.

This product has been awarded four out of five Moneyfacts stars.

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