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Product focus: Credit cards

Product focus: Credit cards

Category: Credit cards

Updated: 21/10/2011
First Published: 21/10/2011

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 It is now over 6 months old so the content may be out of date.

With Christmas fast approaching many people will be hitting the shops or heading online to make numerous purchases. Many families' finances are stretched and some are looking at ways to spread the cost, while others are looking to earn rewards on their purchases. Here are a few credit cards that may suit the bill.

Marks & Spencer Money

The Marks & Spencer Money MasterCard makes no charges on new purchases for the first 15 months after account opening, after which the card charges 15.9pc APR. The card also offers a competitive reward scheme with customers earning one point for every £1 spent in Marks & Spencer stores or online and one point for every £2 spent elsewhere. Every 100 points equates to a £1 voucher.

Tesco Bank

The Clubcard MasterCard from Tesco Bank also makes no interest charges on new purchases for the first 15 months after account opening. Customers wishing to transfer and existing balance to the card will be charged no interest for the first nine month, subject to a 2.90% balance transfer fee. The card has a representative APR of 16.9%. Customers can collect Clubcard points at one point per £4 spent, with additional points earned on spend in Tesco's stores and filling stations.

Capital One Bank

Those customers wanting to earn cashback on their Christmas shopping could consider the World MasterCard from Capital One Bank. It offers and introductory offer of 5pc cashback (maximum £100) for the first three months after account opening, after which it pays between 0.25pc and 1.25pc depending on the amount spent on the card. The card charges as representative APR of 19.9pc.

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 Any products featured may be withdrawn by their provider or changed at any time.