As a nation we love to spend, spend, and spend, with anything from the summer sales to a holiday abroad tempting us to get our wallets out.
For a savvy few though, paying for purchases isn’t simply a matter of reaching for the nearest credit card and hoping that it comes with the best rates. In fact, scouring the market for the best credit card deal has become something of an art form, as we attempt to make the most of the latest offers on the market – from 0% interest on purchases and balance transfers to cashback and rewards.
Here are just some of the credit card deals that consumers may want to take advantage of in the current market.
Barclaycard offers 28-months at 0% on Platinum Balance Transfer card
Just when we thought that balance transfer deals couldn’t get any longer, it seems that Barclaycard’s latest move could see the balance transfer credit card market heating up once again.
Barclaycard is offering 28 months interest-free on balance transfers on its Platinum Balance Transfer card, with a balance transfer fee of 3.5%.
The interest rate after this period stands at 18.9%. And the news doesn’t end there; Barclaycard has also increased the interest-free balance transfer period on its 26-month card to 27 months, with this card coming with a lower balance transfer fee of 2.99%. This card also comes with an APR of 18.9% after the 0% interest period comes to an end.
Halifax announces changes to its All in One Credit Card and Balance Transfer Card
While both cards from Barclaycard only offer 0% interest on purchases, new changes to Halifax’s All in One Credit Card give consumers the best of both worlds. The card offers an introductory interest-free period on both balance transfers and purchases for the first 15 months, with a low balance transfer fee of 1%.
Halifax argues that those switching to the All in One Online card could save around £317 over the interest-free period, based on an average balance transfer sum of £2,000.
After the interest-free period has come to an end a representative APR of 17.9% applies.
However, Halifax has outlined that while the majority of customers will get the advertised rates and 0% interest offers, some will be offered a 0% introductory offer of a lower 13 months or even 11 months (APR of 21.9% and 25.9% respectively after the interest-free period has come to an end).
Halifax has also announced that new customers signing up for its Halifax Balance Transfer Card will now be able to snap up its longest ever balance transfer offer, with 27 months at 0% on balance transfers.
The card comes with a balance transfer fee of 3%, and an 18.9% representative APR applies after this period has come to an end. According to Halifax consumers switching to the card could be £840 better off over the 0% interest period, based on average balance transfer sum of £2,000.
Again consumers should note that while the majority will get the advertised fee, some will be offered a 0% introductory offer of a lower 24 months or even 21 months with APRs of 21.9% and 25.9% respectively after the interest-free period has come to an end.
“Our longest ever interest free on balance transfers is a great option for those looking to manage their credit card borrowing,” said Richard Washington, Halifax Credit Cards.
“Halifax is always looking to give customers extra, and this balance transfer offer combines over two years 0% interest on balance transfers with a competitive 3% fee, and the added benefit of 0% on purchases for the first three months.”