0% Interest Credit Cards explained

Certain credit cards offer 0% interest for a certain period on purchases or existing credit card debt transfers. This gives people time to pay off the cost of a large purchase or other debt without interest adding to the balance.

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What type of card are you looking for?

Santander Logo
Santander All in One Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 26 months from date of card issue.
Intro Rate For Purchases
0.0% for 26 months.
Additional Information
0.5% cashback on purchases
Monthly fee of £3
No balance transfer fee during introductory period
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 15.9% variable per annum for purchases. Fee of £3 per month applies. Representative 21.7% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £7500.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £5.00 each month. or the total of any interest, default fees and charges, monthly fee plus 1% of the outstanding balance plus any arrears.

Standard Interest Rates

For purchase
Monthly 1.241%
APR 21.7%
For cash withdrawals
Monthly 2.207%
Annual 29.90%
For balance transfers
Monthly 1.241%
Annual 15.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee £3.00 per month
Balance transfer fee 3.00% - Min £5.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 0.00%
Worldwide 0.00%

Additional Information

-
Sainsbury's Bank Logo
Sainsbury's Bank Dual Offer Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 22 months from date of card issue.
Intro Rate For Purchases
0.0% for 22 months.
Additional Information
0% for 22 months for both balance transfers & purchases
Rates dependent on credit rating
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 20.95% variable per annum for purchases. Representative 20.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £10000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.3% or £5.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.597%
APR 20.9%
For cash withdrawals
Monthly 1.941%
Annual 25.95%
For balance transfers
Monthly 1.597%
Annual 20.95%
For money transfers
Monthly 1.941%
Annual 25.95%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.00% - Min £3.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee 4.00% - Min £4.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Virgin Money Logo
Virgin Money 23 Month All Round Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 23 months from date of card issue.
Intro Rate For Purchases
0.0% for 20 months.
Additional Information
0% on balance transfers for 23 months
High rate for cash withdrawals
Contactless payments up to £30
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 21.9% variable per annum for purchases. Representative 21.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £7000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.667%
APR 21.9%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly 1.667%
Annual 21.90%
For money transfers
Monthly 1.805%
Annual 23.90%

Benefits and Features

Interest free days (purchase) 50
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 5.00% - No minimum charge
Cash withdrawal fee 5.00% - No minimum charge
Money transfer fee 5.00% - No minimum charge
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

-
M&S Bank Logo
M&S Bank Shopping Plus Mastercard
Balance Transfer Rate & Period
0.0% for 20 months from date of transfer.
Intro Rate For Purchases
0.0% for 20 months.
Additional Information
Earn 1 point for every £1 spent at M&S
Rates dependent on credit rating
Emergency cash service available
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income No minimum income
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.5% or £5.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.805%
Annual 23.90%
For balance transfers
Monthly 1.527%
Annual 19.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 55
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 2.90% - Min £5.00
Cash withdrawal fee 2.99% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

1 point will be earned for every full £1 spent in Marks and Spencer's UK stores, internet, outlets and Simply Food. 1 point will be earned for every £5 spent outside of Marks & Spencer. 100 points = £1 reward voucher. Points will be converted into reward vouchers four times a year and sent to the customers with the Loyalty statement. Remaining points will be carried over to the next collection period. Rewards vouchers can be redeemed in all Marks and Spencer's UK stores and online. Points cannot be exchanged for cash or gift vouchers.
Barclaycard Logo
Barclaycard Platinum 28 Month Balance Transfer Visa
Balance Transfer Rate & Period
0.0% for 28 months from date of card issue.
Intro Rate For Purchases
0.0% for 6 months.
Additional Information
0% for 28 months on balance transfers
Can't change payment due date
Contactless payments up to £30
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 21.9% variable per annum for purchases. Representative 21.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 21 years
Minimum income £20000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.3% or £5.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.663%
APR 21.9%
For cash withdrawals
Monthly 2.071%
Annual 27.90%
For balance transfers
Monthly 1.663%
Annual 21.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.50% - No minimum charge
Cash withdrawal fee 2.99% - Min £2.99
Money transfer fee Money transfer not available
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

-
Sainsbury's Bank Logo
Sainsbury's Bank Balance Transfer Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 29 months from date of card issue.
Intro Rate For Purchases
0.0% for 3 months.
Additional Information
0% on balance transfers for 29 months
Rates dependent on credit rating
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.95% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £10000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.3% or £5.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.941%
Annual 25.95%
For balance transfers
Monthly 1.527%
Annual 19.95%
For money transfers
Monthly 1.941%
Annual 25.95%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 3.00% - Min £3.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee 4.00% - Min £4.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Virgin Money Logo
Virgin Money 29 Month Balance Transfer Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 29 months from date of card issue.
Intro Rate For Purchases
0.0% for 3 months.
Additional Information
0% balance transfers for 29 months
High rate for cash withdrawals
Contactless payments up to £30
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 21.9% variable per annum for purchases. Representative 21.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £7000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.667%
APR 21.9%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly 1.667%
Annual 21.90%
For money transfers
Monthly 1.805%
Annual 23.90%

Benefits and Features

Interest free days (purchase) 50
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 5.00% - No minimum charge
Cash withdrawal fee 5.00% - No minimum charge
Money transfer fee 5.00% - No minimum charge
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

-
Nationwide BS Logo
Nationwide BS Nationwide Member Credit Card All Rounder Visa
Balance Transfer Rate & Period
0.0% for 15 months from date of card issue.
Intro Rate For Purchases
0.0% for 15 months.
Additional Information
Commission-free purchases abroad
Must have a current, savings or mortgage account
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 19.9% variable per annum for purchases. Representative 19.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £5000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.527%
APR 19.9%
For cash withdrawals
Monthly 1.527%
Annual 19.90%
For balance transfers
Monthly 1.527%
Annual 19.90%
For money transfers
Monthly Money transfer not available
Annual Money transfer not available

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 2.40% - Min £5.00
Cash withdrawal fee 2.50% - Min £3.00
Money transfer fee Money transfer not available
Using a card abroad
European Union 0.00%
Worldwide 0.00%

Additional Information

-
Virgin Money Logo
Virgin Money 27 Month Balance Transfer Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 27 months from date of card issue.
Intro Rate For Purchases
0.0% for 3 months.
Additional Information
0% balance transfers for 27 months
High rate for cash withdrawals
Contactless payments up to £30
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 21.9% variable per annum for purchases. Representative 21.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £7000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 1.0% or £25.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.667%
APR 21.9%
For cash withdrawals
Monthly 2.075%
Annual 27.90%
For balance transfers
Monthly 1.667%
Annual 21.90%
For money transfers
Monthly 1.805%
Annual 23.90%

Benefits and Features

Interest free days (purchase) 50
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 5.00% - No minimum charge
Cash withdrawal fee 5.00% - No minimum charge
Money transfer fee 5.00% - No minimum charge
Using a card abroad
European Union 2.99%
Worldwide 2.99%

Additional Information

-
Sainsbury's Bank Logo
Sainsbury's Bank Low Balance Transfer Fee Credit Card Mastercard
Balance Transfer Rate & Period
0.0% for 26 months from date of card issue.
Intro Rate For Purchases
0.0% for 3 months.
Additional Information
Low balance transfer fee
Rates dependent on credit rating
Manage your card online
Go To Provider's Site
Representative Example: Based on a credit limit of £1200.00 charged at 20.95% variable per annum for purchases. Representative 20.9% APR variable.
Application Criteria
Bill Payment
Standard Interest Rates
Benefits and Features
Charges
Additional Information

Application Criteria

Existing customers only
Invitation only
Minimum age 18 years
Minimum income £10000.00
Credit repair card
Apply for this card
Internet
In branch
Post
Telephone

Bill Payment

Standing order (fixed amount)
Direct debit (minimum payment)
Direct debit (fixed monthly amount)
Direct debit (fixed % of balance)
Direct debit (full amount)
Minimum monthly payment
Greater of 2.3% or £5.00 each month. or the total of any interest, default fees and charges plus 1% of the outstanding balance.

Standard Interest Rates

For purchase
Monthly 1.597%
APR 20.9%
For cash withdrawals
Monthly 1.941%
Annual 25.95%
For balance transfers
Monthly 1.597%
Annual 20.95%
For money transfers
Monthly 1.941%
Annual 25.95%

Benefits and Features

Interest free days (purchase) 56
Rewards earned on
Purchases
Balance transfers
Money transfers
Cash transfers
Money transfer available
Contactless payment
Available
Minimum payment £0.01
Maximum payment £30.00

Charges

Card fee N/A
Balance transfer fee 1.00% - Min £3.00
Cash withdrawal fee 3.00% - Min £3.00
Money transfer fee 4.00% - Min £4.00
Using a card abroad
European Union 2.75%
Worldwide 2.75%

Additional Information

Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Note

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Disclaimer

All credit cards are subject to the applicant’s status. The APR quoted is representative of the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you are offered may be higher, or you may not be offered credit. Fees and rates subject to change without notice. Please check all rates and terms before borrowing.

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Compare the best 0% interest credit cards

nigel woollsey

Nigel Woollsey

Online Writer

At a glance

  • 0% interest cards offer introductory periods where you won’t pay interest on balance transfers and purchases.
  • These are great if you have existing debt that you want to move onto a 0% interest deal as well as making a large purchase soon.
  • The 0% interest period is typically shorter than for cards that offer 0% on balance transfers or interest-free purchases, not both.

0% credit cards explained

If you're not sure a 0% interest credit card is for you, or even what these multipurpose cards are, read on.

What is a 0% interest credit card?

Interest-free credit cards offer 0% interest on both purchases and balance transfers, with some cards also including an interest-free term on money transfers to your current account. This makes them ideal if you're looking to consolidate credit card debt and need to make a large purchase, or perhaps need to give your bank balance a bit of a cash injection.

How do 0% interest credit cards work?

0% interest credit cards work in much the same way as all other credit cards. During the application process you can ask for a balance from another credit card to be transferred to your new 0% card. Once the card has arrived, you can start using it straightaway to make purchases.

When it comes to transferring credit card debt using a balance transfer, remember that there may be a fee to pay, which gets added to your overall debt. Once you clear the debt from your previous card, it's a good idea to cancel and cut up that card so you don't get tempted to add new debt to it. This will also have a positive effect on your credit score.

As with all other credit cards, there tend to be high fees for withdrawing money, so it's generally not advised to use these cards to withdraw cash or for any transactions that could be seen as an advance such as travel money and gambling. Similarly, there will likely be high fees to pay if you want to use these cards abroad, so if you want to travel with a credit card, you may want to have a look at the top travel credit cards instead.

Also common among all types of credit cards is purchase protection under the Consumer Credit Act, which means that if you buy an item priced between £100 and £30,000 with your card that ends up getting lost or is found to be faulty using any credit card, you'd be able to claim back your money from the card issuer. This can make credit cards a safe way to pay for things online, especially if you can avoid paying interest.

Remember that these cards come with a minimum required repayment per month. Even though you're not paying interest, you still need to repay the provider some money every month (check the Details to see what minimum monthly payment is required) or risk your interest-free deal being pulled and damaging your credit score. To make sure you don't miss any repayments, you may want to set up a monthly standing order or direct debit.

Benefits and liabilities

As stated, the main benefit of credit cards with 0% interest during their introductory term is that you can use them for multiple purposes while avoiding adding to the balance via monthly interest build-up. And, like other credit cards, they also benefit from purchase protection.

Additionally, some cards may offer rewards or other extras to entice borrowers. Remember that the best interest-free credit cards are not necessarily the ones that offer the longest introductory interest-free term and/or the biggest rewards – the best 0% interest credit card for you might be the one with the lowest or no balance transfer fee.

It's always worth doing some maths before you pick a card to figure out how long you're likely to need to repay the balance. For instance, you may find a 12-month interest-free deal with no balance transfer fee, which is great if you've got a manageable amount of debt, but for more significant amounts, you may need longer to pay it off, in which case you'll want to look for a deal with a longer introductory term.

Just make sure to stay organised, as one of the potential liabilities of these cards is that you may lose track of when your interest-free period ends and not have the debt paid off in time. It could be worth noting the date your introductory term ends in your diary, and budgeting so you pay in enough every month to clear the balance in full by the end – just divide the number of introductory interest-free months by the balance, and voila! Pay that amount off each month and you'll be debt-free by the end of the term.

Given the finite nature of the 0% deals on these cards, you may not want to use them in the long term. Even a card that gives you 30 months to pay off your debt will eventually reach that point, after which the interest rate can ramp up and it might not be as competitive as a low-interest card, for instance.

In a similar vein, if you are only interested in making a few large purchases or clearing previous debt, not both, you'll find that there are longer introductory terms of 0% on purchases or balance transfers to be found if you go for a specific 0% balance transfer or purchase card.

Overall, 0% credit card offers, or any credit card for that matter, should not be used to supplement income or otherwise become something you rely on. While they can be valuable assets for making large emergency purchases where savings fall short, or for helping you get out of credit card or overdraft debt, you don't want to spend the rest of your life transferring debt from one 0% interest credit card to another – it's unsustainable and could be quite costly given that most long-term introductory deals will come with fees.

If you're struggling with credit card debt, consider contacting a debt charity to help you sort out your finances. A 0% interest credit card offers only a temporary solution for those who are seeking extra funds.

Moneyfacts tip

Moneyfacts tip nigel woollsey

Are you credit invisible or have you hit a road bump with your credit? Credit builder cards can help you to rebuild your profile, all you need to do is keep making repayments on time.

Am I eligible for an interest-free credit card? What impacts my application?

The most important consideration before applying for a 0% interest credit card – and indeed any credit card – is your credit rating.

With a poor credit rating, you may still be offered the card, but you will likely have a higher interest rate to pay once your introductory term ends, or you may be offered a shorter term. That's because the representative annual rate only must be offered to 51% of applicants, and people with a lower credit score are a bigger risk.

Note that having a credit card won't necessarily reduce your credit score, but missing payments will, as will applying for several credit cards unsuccessfully. If you're turned down for an interest-free credit card, don't immediately apply for another one, and certainly don't apply for multiple cards at once. See if you can improve your score first.

What will my credit limit be?

Your credit limit is another thing that you can't know until you apply. There's no specific set limit that applies to all borrowers, with your credit rating playing a key role in determining the amount of credit you will be offered. It's possible for your limit to increase over time if you are a reliable borrower (e.g. when you make more than your minimum payment per month and don't miss any).

How long will it take to get the card?

It usually takes between one and two weeks for a new card to arrive, with most people receiving their card in about 10 days.

Pros and cons of 0% interest cards

  • Interest-free introductory periods for both balance transfers and purchases.
  • Some cards offer additional rewards.
  • Individual purchases between £100 and £30,000 covered by purchase protection.
  • Fees may be payable on balance or money transfers.
  • Interest-free periods may be less than for a credit card specifically aimed at balance transfers or 0% interest purchases.
  • Interest rates after 0% interest period ends could be higher than on a low-interest card.

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