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AA improves 0% interest credit card

AA improves 0% interest credit card

Category: Credit cards
Date: 22/03/2017

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 It is now over 6 months old so the content may be out of date.

AA has increased the introductory 0% interest term for purchases on its Dual Credit Card to market-leading levels, so despite making a slight reduction in the interest-free term for balance transfers, it comfortably moves up the charts and earns the highest Moneyfacts rating as a result.

The basics…

The AA's Bank Dual Credit Card MasterCard now boasts an introductory interest-free term of 30 months on purchases, the joint-longest available in this sector. The interest-free offer for balance transfers has had a slight cut from 18 months to 16 months, but it still charges a balance transfer fee of 2.89%.

The finer details…

A transaction must be made within three months of account opening in order to qualify for the 0% purchase term.

After the introductory periods have come to an end, standard purchases will be charged at 27.9% APR, while balance transfers will be charged at an annual rate of 18.90% with the same 2.89% balance transfer fee.

Borrowers must be at least 18 years old and have an annual income of at least £8,000. Applicants should remember that rates are representative and dependent on credit ratings.

Why we like it…

The enhancement to the 0% interest-free deal for purchases on the Dual Credit Card significantly improves its position in the Moneyfacts Best Buys as it now offers a joint market-leading 30-month deal. Despite the reduction to the interest-free term on balance transfers, the card will still be appealing to borrowers looking to spread the cost of their purchases or balance transfers, which is why it's so worthy of the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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