Post Office Money has launched a new market-leading 0% purchase credit card.
The Matched Credit Card offers a whopping 25 months interest-free on purchases, ousting Virgin Money’s 24-month All Round Card launched just a few weeks ago as the top card for interest-free spending.
[SPOTLIGHT]It’s the longest 0% period on purchases ever offered, giving cardholders over two years to shop interest-free. But in order to qualify for the deal you'll need to make a purchase within three months of opening the account. Otherwise a shorter 16-month 0% period will apply.
The new card also allows cardholders to make balance transfers interest-free for 16 months (for a 2.98% fee), although far longer and cheaper deals are available, plus there’s no cash fee to pay when purchasing foreign currency from the Post Office.
The top 0% purchase cards
Here’s how the new Post Office card compares to the other longest lasting 0% purchase credit card deals on the market.
|
Credit card |
0% purchase period |
Representative APR |
|
25 months |
18.9% |
|
|
24 months |
18.9% |
|
|
23 months |
16.5% |
|
|
Halifax Purchase Credit Card |
21 months |
18.9% |
|
21 months |
18.9% |
|
|
21 months |
18.9% |
*£24 annual card fee
A word of warning
You’ll need to make sure you keep up with the minimum payments and stay within your credit limit in order to keep your promotional rates.
If you don’t the offers will end and anything outstanding on the card will start being charged at the standard rate of 18.9%.
Compare credit cards with loveMONEY