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Product focus: 0% purchase cards

Product focus: 0% purchase cards

Category: Credit cards

Updated: 13/06/2011
First Published: 01/06/2011

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 It is now over 6 months old so the content may be out of date.

There are a number of different credit cards on the market aimed at different types of customers.

For those looking to spread the cost of new purchases without paying any interest then a card with an introductory purchase deal may be a good option.

There are varying lengths of 0% periods on the market, here are a selection of the longest ones:

Marks & Spencer Money MasterCard

  • Marks & Spencer Money top the introductory purchase best buys making no interest charges for the first 15 months, after which the rate reverts to a competitive 15.9% APR.
  • Customers also benefit from a loyalty scheme with 1 point earned per £1 spent in M&S stores and 1 point earned per £2 spend elsewhere.
  • These points can then be redeemed for M&S vouchers.

Tesco Bank Clubcard MasterCard

  • The Clubcard MasterCard also makes no interest charges for the first 15 month, reverting to 16.9% thereafter.
  • The card also makes no interest charges on balance transfer for 9 months, subject to a 2.90% fee.
  • Customers can earn Clubcard points based on their spend on the card, which can redeemed instore or through Clubcard affiliated partners.

Halifax All in One MasterCard

  • If customers are looking to make new purchases and reduce an existing balance then the All in One MasterCard from Halifax may appeal.
  • The card makes no interest charges on both new purchases and balance transfers for the first 12 months, although a one off 3.00% fee based on the amount transferred is payable on balance transfers.
  • After the introductory deals end the card reverts to 17.9% APR.

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 Any products featured may be withdrawn by their provider or changed at any time.