About 0% Purchase cards
The key benefit to 0% purchase credit cards is that they charge no interest on new spending for a set amount of time.
The best deals give 0% for well over 12 months - a great way to spread the cost of large purchases, such as a new sofa or TV, over the course of a year.
The cards below are ordered by duration of 0% purchase offer.
What are 0% purchase credit cards?
Purchase cards are simply credit cards that don’t charge interest on spending for a set period of time.
The best deals often last for 12 months or more and can be handy in helping to spread the cost of large purchases - such as a car insurance policy, or a new TV - over a year.
Protection on your purchases
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.
0% purchase credit cards - what to look out for
Because the 0% deal usually starts on the date the card is issued, it may not coincide with your usual repayment date.
Take note of the date the 0% deal runs out to avoid incurring interest in the final month and always set up a direct debit for at least the minimum payment - if you miss a payment, you could lose the whole 0% deal.
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% deal ends - the interest rate will jump to around 17% or more when it stops.
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.