0% Purchase Credit Cards
0% purchase credit cards are suitable for people who have no existing credit balances and want to benefit from a short term credit boost.
0% credit cards provide interest free credit for a limited introductory period (the length of which varies from card to card). This means you could make a large purchase and then have several months to pay it off before you have to start paying interest on your balance.
However, as with 0% balance transfer cards, it is important to remember that the interest free period is not permanent. So if you don't want to face paying a relatively high interest rate, you need to make sure you have cleared your balance in full before this period expires or else transfer the balance to a 0% balance transfer card.
If you think you are the likely to forget to clear your balance before the introductory offer expires, you might be better off choosing a low standard rate credit card instead of a 0% card.
Please note: TheMoneyFactor.co.uk makes every effort to ensure that all our information and the results from our calculators are accurate and current. However, we cannot guarantee 100% accuracy and cannot be held liable for any errors.
Nothing within TheMoneyFactor.co.uk website is, or shall be deemed to constitute, financial or other advice or a recommendation to purchase any product or service. Any and all information provided within TheMoneyFactor.co.uk website is for general information purposes only.
TheMoneyFactor.co.uk advises that you always check with the finance service provider before signing any agreement or purchasing any product.
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