0% New Purchase Credit Cards - Compare your favourite credit cards such as Alliance & Leicester, Barclays, Citibank, Egg, MBNA, Sony, Virgin and more!
Simply Click the "Compare" button above and find best deals on 0% New Purchase Credit Cards Instantly! Apply Now and start saving today!
As well as 0% balance transfers many credit cards also offer introductory interest free rates for new purchases. This 0% purchase rate is generally for a limited period only ranging anywhere between 3 to12 months, after which the standard APR then applies to the remaining balance.
Although the 0% balance transfer period has gradually extended over the years on most credit cards, it is however rare to find a card where the 0% on new purchases deal runs alongside for the same period of time. Some cards do now offer an interest-free introductory rate allowing both balance transfer from another credit card and new purchases, where both interest-free deals run for the same number of months, some for up to 12 months. However the overall majority of credit cards still have a shorter term on their 0% new purchase deals.
Credit cards offering both 0% interest rate deals are a great choice if you wish to make purchases on your new card in addition to simply transferring the balance from an old one. Providing you can pay off the lump sum within the 0% purchase period you won’t inadvertently pay more interest on your balance. However most credit card issuers will offset any payments you make against the low interest rate you are charged first i.e. any balance transfer. The technical term for this is called ‘negative payment hierarchy’ so do watch out for credit cards that have a shorter 0% period for new purchases. The best way to avoid being charged a higher rate of interest at say 15% to 20% APR, is to look for a card which offers streamlined interest-free deals or, avoid making further purchases on a card with a shorter 0% purchase period.
Here at the MoneyOutlet you save Time & Money by comparing best UK deals on 0% new purchase credit cards, credit card consolidation loans, debt management, mortgages, insurance and banking. For your free, no obligation quote on any of these financial products, simply Click & Compare.
Start comparing now and be on your way to a healthier financial future!
Published on September 30, 2007
Digg | 
del.icio.us | 
StumbleUpon | 
Reddit | 
Yahoo! | 
My favourites
Latest Credit Card Articles
1 In 10 Credit Card Applications Rejected
Recent research into the credit card market suggest an increase in the number of people being rejected when applying for a new credit card. It is believed 1 in 10 will automatically be turned down as banks try to protect their bottom line.... Read More
March 5, 2008
Has Chip And Pin Been Successful?
It has now been two years since chip and pin was widely introduced in the UK. Primarily introduced to try and prevent credit card fraud, has it been successful two years on? 2004 saw costs of fraud in shops at £218m whilst in 2006 it dropped to £72m. Whilst there are reasons to feel more secure with chip and pin, APACS warns consumers of a rise in internet, telephone and mail order fraud... Read More
February 15, 2008
Credit Cards Criticised For Being Too Complicated
A recent report by the Office of Fair Trading has criticised credit card companies for making their products difficult to compare. The OFT also says consumers don't compare enough. Consumer group Which? asked for assistance from the OFT last year as it found card issuers were using 12 or more methods to calculate interest charges, cash advances, etc. This confusion has also recommended the FSA to step in and create a credit card comparison website... Read More
February 13, 2008
Egg Set to Cancel Credit Cards of Risky Customers
Credit lender Egg has recently announced they are taking action by canceling the accounts of customers they deem too 'high risk'. Egg is sending notice to approximately 161,000 credit card accounts notifying customers their card will stop working within 35 days time. Some customers are claiming they've never missed a payment, which has sparked investigation by the FSA... Read More
February 4, 2008
0% Cards Can Come With A Sting
Now that Christmas is behind us, many credit card holders in the UK will have transferred old debts onto a new balance transfer credit card to try and keep on top of their finances.The idea is to transfer balances over to a new card, typically offering 0% on balance transfers for several months to over a year. However, the problem that most people don't know about is something called 'negative order of payments'... Read More
January 30, 2008
Refer a Friend
Why not tell a friend about Money Outlet? Click here
