The new BT Credit Card, which offers customers money off BT phone bills, has just been launched on compareandsave.com.

The great thing about this card is its competitive low life of balance transfer interest rate of 6.9%, which you can only get by applying for the card on compareandsave.com.

Once the account has been opened, you will earn money off your BT phone bills each time the credit card is used.

For every complete £2 you spend on ‘retail purchases’, up to £250 per month or part of a month, you will receive 1p off your BT phone bill. Once you exceed this £250 purchase rate, you will start to receive 1p per whole £1 spent in the same month.

The maximum BT Credit Card Reward that can be earned in any twelve month period is £75.

The typical purchase APR is 16.9% (variable) but one of the advantages of the card is the low life of balance transfer APR of 6.9%. This is great if you are fed up of switching from one interest free balance transfer offer to another after every 12 to 15 months.

If you do decide to transfer a balance to the BT Credit Card you will be charged an admin fee of 3% of the balance transferred.

There is no annual fee for this credit card and it comes with online account management and a free 24 hour worldwide customer satisfaction helpline. To qualify for the card you must be at least 18 years of age and have a minimum annual income of £10,000.

Click the link for more information about the BT Credit Card