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Top credit cards for Christmas spending

Top credit cards for Christmas spending

Category: Credit cards

Updated: 09/11/2017
First Published: 09/11/2017

'Tis (almost) the season to be jolly, but before all that festive fun begins, chances are you've got a bit more shopping to do - and if you're turning to credit, you'll want to find a card that offers a 0% interest deal to spread the cost of Christmas without interest adding to the bill.

Using cards that offer 0% interest on purchases means you can shop without needing to worry about the financial hangover. You can cover your festive spend and pay the balance off in the New Year, and as long as you go about it the right way - by ensuring you pay off the full amount by the time the interest-free deal comes to an end - it could be a great way to tick everyone off the gift list.

There's a wide range of 0% interest cards to choose from, and competition in the sector is fierce - providers are vying for your business, and are offering seriously long introductory purchase terms to tempt you. But, as with any card, they need to be managed efficiently, and should only be considered by those who are truly financially organised.

However, if you make sure you can comfortably afford the minimum payments and have a plan in place of how you'll repay the lot, a 0% purchase credit card could be a great way to cover your festive spend without incurring any interest. Just make sure your credit score is up to scratch before you apply.

Sound like a good deal? Then you'll need to find the card to suit. Here's a run-through of the 0% purchase credit cards currently sitting at the top of the Moneyfacts Best Buys.


Representative purchase APR (variable)
Details

Sainsbury's Bank

Sainsbury's Bank

Purchase Credit Card MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases for 31 months from date of issue
  • Introductory 0% on balance transfers for three months
  • Balance transfer fee of 3.00%
  • No annual card fee
  • Can be applied for online or by phone
  • Earn Nectar points on purchases (two points for every £1 spent on Sainsbury's shopping and fuel, and one point per £5 spent elsewhere)
  • New customers can earn 1,000 bonus Nectar points each time £35 or more is spent on Sainsbury's shopping, up to 10 times in the first two months (max 10,000 points, offer available until 28.12.17)

Comfortably taking the top spot in the 0% purchase sector is this card from Sainsbury's Bank, which boasts the longest introductory term available. Borrowers can spread the cost of their festive purchases for a market-leading 31 months before interest is charged, and can even enjoy three months of 0% balance transfers.

This card could be particularly suitable for loyal Sainsbury's shoppers in the weeks leading up to Christmas, as not only can customers rack up standard Nectar points, but they can earn bonus points each time they spend £35 or more on Sainsbury's shopping - festive food shop, anyone?


Representative purchase APR (variable)
Details

Halifax

Halifax

Online 30 Month Purchase Credit Card MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases for 30 months from date of issue
  • Introductory 0% on balance transfers for six months
  • Balance transfer fee of 3.00%
  • No annual card fee
  • Must be applied for online

Halifax takes second place with its leading 0% interest credit card, an online-exclusive deal that offers 30 months of interest-free purchases as well as a six-month 0% balance transfer term, which could be ideal for those who have credit card debts elsewhere and want to benefit from the same interest-free benefits.


Representative purchase APR (variable)
Details

Sainsbury's Bank

Sainsbury's Bank

Dual Offer Credit Card MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases and balance transfers for 30 months from date of issue
  • Introductory balance transfer fee of 2.74% (3.00% thereafter)
  • No annual card fee
  • Can be applied for online or by phone
  • Earn Nectar points on purchases (two points for every £1 spent on Sainsbury's shopping and fuel, and one point per £5 spent elsewhere)
  • New customers can earn 1,000 bonus Nectar points each time £35 or more is spent on Sainsbury's shopping, up to 10 times in the first two months (max 10,000 points, offer available until 28.12.17)

Sainsbury's Bank has managed to sneak a second card in the top three, this time its dual offer that has a 30-month 0% term for both purchases and balance transfers, offering the complete interest-free package - with a lower introductory balance transfer fee, too. It comes with the same Nectar points benefits as well, which means this card could be well worth considering for those who want to both spread the cost of their festive purchases and any previous credit card debt.


Representative purchase APR (variable)
Details

Post Office Money

Post Office Money

Matched MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases and balance transfers for 30 months from date of issue
  • Balance transfer fee of 2.75%
  • No annual card fee
  • Must be at least 18 years old with a minimum income of £8,000
  • Can apply online or by phone

Next up is this card from Post Office Money, a straightforward deal that boasts an introductory purchase and balance transfer term of 30 months from the date of issue, provided a transaction is made within three months of the account being opened.


Representative purchase APR (variable)
Details

Tesco Bank

Tesco Bank

Clubcard Credit Card for Purchases MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases for 30 months from date of issue
  • No annual fee
  • Earn Clubcard points on every spend (five points per £4 spent in Tesco and one point for every £8 spent elsewhere)
  • Must be at least 18 years old with a minimum income of £5,000
  • Must be applied for online

Tesco Bank comfortably secures a top-five position with its Clubcard MasterCard, a deal offering 30 months of 0% interest on purchases as well as a three-month 0% balance and money transfer term. This card is particularly suited to loyal Tesco shoppers, who will be able to earn Clubcard points on their spending - ideal for this time of year when the big festive food shop is just around the corner.


Representative purchase APR (variable)
Details

Santander

Santander

Everyday Credit Card MasterCardGo to Site

0% (reverting to 18.9% APR after interest-free period ends)

  • Introductory 0% on purchases and balance transfers for 30 months
  • Introductory balance transfer fee of 2.75% (3.00% thereafter)
  • No annual fee
  • Must be at least 18 years old with a minimum annual income of £7,500
  • Can be applied for online, in branch or by phone

Santander just squeezes into the top six with its Everyday credit card, another deal to offer 30 months of interest-free purchases and balance transfers to suit a variety of borrowers, giving them two-and-a-half years in which to repay outstanding debts.

Information & Rates correct as at: 08.11.2017

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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