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Post Office improves balance transfer card

Post Office improves balance transfer card

Category: Credit cards
Date: 17/01/2017

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 It is now over 6 months old so the content may be out of date.

Post Office Money has increased the introductory term on its 0% balance transfer credit card, which has seen it enter the Best Buy chart for its sector and earned it a high Moneyfacts rating in the process.

The basics…

The Post Office Money Balance Transfer Credit Card MasterCard now boasts an introductory balance transfer term of 41 months, with an introductory fee of 3.25%. It also comes with an introductory 0% purchase term of three months from the date of issue.

The finer details…

After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.9%, while standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old with a minimum income of £8,000 and should remember that rates are representative and dependent on credit ratings. The card, which is issued by Bank of Ireland UK plc on behalf of Post Office Money, can be obtained online or over the phone.

Why we like it…

The improved introductory term has made this card sufficiently competitive to earn itself a place in the Best Buys as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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