0% Purchase Credit Cards

Written by Aditya | No Comments

Last Updated: July 9th, 2008

If you are looking for the best credit card for 0% interest on new purchases, then see our range below.

0% purchase credit cards allow you to make new purchases and pay 0% interest for a period of time, usually ranging between 3 and 9 months.

All credit cards give you an interest free period, usually up to 56 days provided that you pay your bill, in full, each month by the date shown on your statement. With a 0% purchase credit card, this interest free period is extended but you must still make the minimum payment each month.

These cards can be a great way to get a short-term and interest-free loan on your new purchases. These cards will often charge a higher than average interest rate once the interest free period has ended, so you should make every effort to repay the full balance at that time.

Editor’s Choice for Credit Cards that Offer 0% on New Purchases

	Best Overall Credit Card and Best 0% Credit Card for New Purchases If you have an excellent credit rating, then it’s double win for the Capital One Platinum MasterCard Credit Card offering 0% on balance transfers and 0% on new purchases until 1st March 2009, together with a low APR of just 9.9%.
	The BT Credit Card offers 0% on balance transfers for 12 months, 0% on new purchases and you can earn BT Rewards against your bill and BT Retail purchases (terms & conditions apply).
	The MBNA Business Credit Card offers 0% interest on balance transfers for 12 months and 0% interest on new purchases for 3 months.
	The MBNA Platinum Plus Credit Card offers 0% on balance transfers until August 2009, 0% on new purchases until October 2008 and 0% on transferring cash to your current account until August 2009.
	Barclaycard Platinum Credit Card offers 14 months 0% on balance transfers and 3 months 0% on new purchases.
	RBS Credit Cards offer 13 months 0% on balance transfers and 6 months 0% on new purchases.
	NatWest Credit Cards offer 13 months 0% on balance transfers and 6 months 0% on new purchases.
	The Egg Card offers 15 months interest free on balance transfers and 3 months interest free on new purchases.
	Best Travel Credit Card The Post Office Credit Card offers 0% on balance transfers for 10 months, 0% on new purchases for 3 months and 0% commission when you use your credit card abroad.

Customers often make purchases on these cards, while putting the money to repay the balance, in to a high-interest savings account. This is called Stoozing and more information on Stoozing can be found in our article Make money from your Credit Card.

Capital One Credit Cards currently has a range of cards offering 0% interest on new purchases until March 2009.