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Interest free credit offers are getting shorter, should you get a deal now?

The last 0% interest credit deal that was longer than three years disappeared last week, we look at what's left and where the credit card market is heading.


The longest 0% interest deal you get with a credit card is currently 36 months, last week it was 37 months, but about a year ago it was 43 months.

Does this mean it could be the beginning of the end for dodging interest for several years?

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Is longer better?

It’s not always worth chasing the cards with the longest 0% periods.

If you can pay off a card within one or two years, there are balance transfer cards with slightly shorter 0% periods that charge no transfer fees.

This means, if used wisely, the right balance transfer card could make your card debts cost nothing at all.

The cards with the longest 0% interest periods

So we’ve seen our table topping deals for 0% balance and money transfers slowly become shorter, from a peak of 43 months in 2015/2016.

But over the course of 2017 the length of 0% periods on our cards crept back down 36 months, so you can still dodge interest on your card debts for as long as three years.

Balance transfers

MBNA currently lead the way with a 36 month 0% interest offer for balance transfers. It also offers a money transfer 0% deal, which could be handy for anyone who needs to clear a stubborn overdraft.

But it’s also well worth considering Sainsbury’s 28 month no-fee card, which will let you transfer debts for free.


Purchases are still going strong with a 31 month 0% offer for new purchases from Sainsbury’s topping our tables.

This card comes with a generous nectar point offer which makes it useful for Sainsbury’s shoppers.

Where’s the credit market heading?

It’s highly likely we’re about to see the cost of credit creep up. This means higher rates for loans, mortgages and credit cards, and 0% deals will slowly get shorter.

But to put things in context, for the past few years it has been historically cheap to borrow. This was due to a number of factors but mainly because the Bank of England had the base rate at all time lows of 0.5% and 0.25%.

Now with the Bank of England talking about a rate rise this year, the first real one since before 2009, the cost of credit is set to rise.

What are 0% balance transfer cards?

A 0% balance transfer card enables you to avoid paying interest on your card debts for a set period time, normally in exchange for an upfront fee. Watch the video below to find out more.

If you’ve not found what you’re after here, compare more balance transfer cards to see if there’s a suitable card for you.