0% Credit Cards For Purchases

A 0% interest purchase credit card won’t charge you interest on new purchases you make for a set period of time. The top of table deals offer 0% for more than two years, which great way to spread the cost of large purchases, such as a new sofa or TV, over the course of a year. The cards above are ordered by duration of 0% purchase offer.

What are 0% purchase credit cards, Interest free, or 0%, purchase credit cards don’t charge interest on goods and services bought with the credit card. However, these credit cards are only interest free for a fixed period of time, and you will still need to meet your minimum monthly repayments to keep the 0% interest offer in place. How do 0% purchase credit cards work, A 0% purchase card has set period where no interest charged on the balance built up on the card with new purchases. This period usually begins from the moment you receive the card.

The length of the 0% period is typically measured in months, even for the cards that charge no interest for more than two years. What can you use a 0% purchase card for, A 0% purchase credit card is designed to be used to make new purchases, as the interest free offer only applies to new spending on the card.

You can use it for other purposes, but often a relatively high rate of interest will apply for all other uses. One of the best uses of a 0% purchase card is spreading the cost of large purchases - such as a car insurance policy, furniture, a car, or electrical goods.

Be careful to not get carried away with the 0% interest credit and repeated spend on it, 0% purchase cards tend to revert to high rates of interest after the 0% deal comes to an end. What’s the best 0% purchase credit card, The longer the 0% period the longer you have to spread the repaying your balance.

We rank our table by 0% offer lengths, so you could consider the card with the longest 0% interest period to be the best. However, there’s no such thing as an absolute best 0% interest purchase card, you need to think about what would make a credit card best for your needs.

If you want fee-free overseas purchases, cashback or specific reward points, then you should carefully search out those cards rather than going for the card with the longest 0% offer. What purchase protection do you get with a credit card, When you use a credit card to buy something, both the card provider and supplier you’re buying from are responsible for your purchase.

This means that if the item is faulty, not as described, or isn’t delivered, you can claim your money back from either the provider or the supplier. It’s called Section 75 and is part of the 1974 Consumer Credit Act. It applies if the cash price of a single item you pay for, or make part-payment for, is between £100 and £30,000.

Section 75 can be useful if, say, the supplier goes bust, and it applies in the UK or abroad. Because the 0% deal usually starts on the date the card is issued, it may not coincide with your usual repayment date. Should I take out a purchase credit card, You should only consider getting a purchase credit card and spending heavily on it if you know you can clear the debt before the 0% interest deal ends - the interest rate will jump up once this ends.

If you feel you won’t be able to pay off the debt within a year, you should consider getting a low APR credit card instead to prevent paying over the odds in interest. What does 'popularity' mean, Cards are ranked by the number of clicks they get on the site in the past 48 hours. The most clicked on cards are at the top, the least at the bottom.