0% credit cards

Although you can find 0% credit card interest deals for introductory periods, there are no cards with a standard 0% interest rate. After all, credit card companies need to make money. But, we can help you find an introductory 0% interest deal that suits your needs, and we can also offer some further tips to avoid paying interest.

Many credit card companies offer interest free introductory periods on balance transfers. So, you can transfer your balance and pay 0% interest for several months.

However, some credit cards charge a fee for transferring your balance. This is usually about 2% of your balance and is often capped at about £49. But, the conditions do vary for each card.

Our credit card comparison service will work out how much you could save, based on the information you give us about your balance and repayments. The results will include any balance transfer fees.

Introductory rates are increasingly getting better. In fact, introductory interest rates fell by 8.7% relative to the Bank of England base rate, between 1998 and 2004, according to Datamonitor, an information company that provides industry analysis for financial services.

With so many cards on the market, you can find introductory rates of 0% on purchases. The introductory period can last anywhere between about three months and one year, although this changes depending on the market.

It’s an attractive deal, but look out for the typical interest rate too, as once your introductory period ends you don’t want to be hit with a high interest rate.

Technically there is no such thing as a 0% credit card, but you can avoid paying interest by paying your balance off in full before the due date. All credit cards offer interest free periods on purchases, which lasts about 55 days, depending on the provider.

Check out the interest free period for purchases on the card you are interested in and make sure you pay your balance in full before the due date to avoid interest.