If you regularly use your credit card, and don’t want to pay off the balance in full each month, you are likely to benefit from getting an interest-free credit card.
Credit cards are classed as interest free if they have an interest-free period of any sort. Read more...>
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MBNA Platinum0% on balance transfers made within the first 90 day |
13 mths | 15.9% |
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| ** Instant Decision ** | ||||
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Virgin16 mth 0% balance transfers - 3 mth 0% on purchases |
16 mths | 16.6% |
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| ** Instant Decision ** | ||||
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Egg0% BT until 1st Aug 2010 & Oct 2009 on purchases |
until August 2010 |
16.9% |
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This could be a 56 day interest-free period, an introductory balance transfer interest-free period, an introductory interest-free period on purchases or a mixture of any of these.
If you are looking for a credit card which will give you a substantial amount of time to pay off the balance in full, you would be better off with a credit card offering the longest interest free period. The standard interest-free period is around 56 days.
Another option would be to get a interest free card with a long introductory 0% period on purchases. The market average is currently around six months, although, if you are specifically interested in 0% purchase offers, some interest-free purchase cards offer 0% periods of nine or even twelve months.
If you have an outstanding balance on your credit card, you would probably benefit from an interest free card with 0% on balance transfers. The market average is currently around nine months, although some interest free cards offer a 0% period on balance transfers for twelve to fifteen months.