Two well-known credit card providers change 0% interest-free terms

Two credit cards currently rated as Outstanding by Moneyfacts have just announced changes to their introductory 0% interest periods.

Sainsbury’s Bank has reduced it’s introductory 0% purchase and transfer terms on its Dual Offer Credit Card Mastercard from 27 to 26 months with immediate effect. This card offers an APR of 20.9% and balance transfers are subject to a fee of 3.00% or £3.00, whichever is more. As part of the Nectar rewards scheme, customers can earn Nectar points both in Sainsbury’s and elsewhere. Applicants must be aged 18 or over and can apply for the card online or by phone.

On the other hand, in its most recent review, Halifax has increased the introductory 0% purchase and balance transfer terms from 20 to 24 months on its Online Balance Transfer and Purchase Credit Card Mastercard. The APR is 19.9%. It may be worth noting that after three months, those who wish to transfer a balance on this card must also pay a fee of 3.00% or £3 – whichever is the higher of the two. The card, which must be applied for online, requires applicants to be aged 18 or over.

These changes see both cards remain two of the most competitive currently available when compared to other credit cards offering both 0% purchase and balance transfer deals. The full range of further deals can be seen by visiting our 0% introductory balance transfer table or our 0% introductory purchase credit card chart.