As the Brexit drama rumbles on and with the economic outlook for the UK questionable to say the least, UK Credit Card companies have turned up the heat with a large number of amazing offers to entice you. In this article we review the top Balance Transfer Cards, 0% Purchase Cards, Bad Credit, Credit Builder and Rewards Credit Cards in the UK this month.
Long Balance Transfer Credit Cards
Halifax 43 Month Free Balance Transfer Card
A whopping 43 months (the longest ever 0% interest deal) with a 2.98% balance transfer fee. This Mastercard has an APR of 18.9% after 43 months and also 6 months at 0% on purchases. The transfer fee is initially 3.5% with 0.52% being refunded after 90 days.
MBNA 43 Month Balance Transfer Card
Another great interest-free offer on balance transfers. A whopping 43 months with a 3.29% fee. This card has an APR of 18.9% after 43 months and also offers £20 cashback when you transfer £1k to the card within the first 60 days. If you transfer a balance to the card after the first 60 days you’ll need to pay a 5% fee and an APR of 20.9%
Sainsbury’s Bank 42 Month Balance Transfer Card
The joint 2nd longest interest-free period. 42 months with a 3.5% balance transfer fee (4% initially but 0.5% is refunded to you). This card has an APR of 18.9% after 41 months and also offers a bonus of 3,000 nectar points upon transferring £1,000 in the first month.
Bank Of Scotland 41 Month Balance Transfer Card
Another long interest-free period available from BOS. 41 months and with a very low 1.9% balance transfer fee. This card has an APR of 18.9% after 41 months and also offers 0% for 6 months on all purchases. The initial balance transfer fee is 3% with 1.1% being refunded in 90 days.
Free Balance Transfer Cards
Santander All in One Balance Transfer Credit Card
A great new deal from Santander offering 41 months at 0% on balance transfers with no transfer fee. They also offer cashback on all purchases and no transaction fee’s when using your card abroad. This is probably the best credit card deal we’ve seen in years and the only slight drawback is a higher than usual APR of 21.7% after 41 months.
Halifax 26 Month Balance Transfer Credit Card
A great all rounder card and the best offering a 0% balance transfer fee. Only 26 months interest free but with a 0% balance transfer fee. This card has an APR of 18.9% after 26 months and also offers 0% for 6 months on all purchases. Note that balance transfers after 90 days attract a fee of 3%.
Tesco Bank 24 Month Clubcard Credit Card
A slightly shorter interest free period but this card comes with the added bonus of Tesco Clubcard points. This card has an APR of 18.9% after 24 months and allows you to transfer up to 95% of your credit limit.
Virgin 24 Month Balance Transfer Credit Card
This card offers 24 months interest free on balance transfers with a 0% fee. Note the free period is for 60 days with a fee of 5% kicking in after this period. The card also offers 3 months at 0% on purchases making it a very good all round card. The representative APR is 19.9%.
0% On Purchases Credit Cards
Halifax 30 Month Purchase Credit Card
The longest interest free period on purchases in the UK. A huge 30 months at 0% interest on purchases. This Mastercard also offers 6 months at 0% on balance transfers and has an APR of 18.9% after 30 months.
Sainsbury’s Nectar Purchase Credit Card
Sainsbury’s offer 0% interest rates on all purchases for 29 months with no annual fee. This card has an APR of 18.9% after the 29 month period and also offers 5,000 bonus Nectar points when you spend £250 in store within 30 days. Additional Nectar points can be earned at Sainsburys and other stores.
Post Office Platinum Credit Card
This card offers 0% interest rates on all purchases for 28 months with no annual fee. This card has an APR of 18.9% after the 27 month period and also offers 18 months interest free on balance transfers with a 2.89% fee. The card promises no foreign transaction fee;s or cash advance fee’s when using the Post Office to buy travel money.
Virgin 28 Month Purchase Credit Card
This card offers 0% interest rates on all purchases for 28 months with no annual fee. This card has an APR of 18.9% after the 27 month period and also offers 18 months interest free on balance transfers (1.99% fee) and 18 months interest free on money transfers (2.99% fee).
Best “Bad Credit” Credit Cards
Chrome Credit Card
Provided by Vanquis Bank, this card offers a credit limit of up to £1,000 with an interest rate of 24.7% APR. This card is designed to improve your credit rating, allowing you to build up your limit to £4,000 over time.
Tesco Bank Foundation Clubcard Credit Card
Tesco Bank offer their Foundation card with a credit limit of up to £1,200 and an APR of 27.5%. A partnership with Noddle allows you free access to your credit score online and you earn Tesco Clubcard points on all purchases.
Aqua Reward Cashback Credit Card
This card offers a credit limit of up to £1,200 with a higher interest rate of 34.9% APR. This card is designed to improve your credit rating and a credit limit increase will be possible after 4 months. The Aqua card offers the added bonus of 0.5% cashback on all purchases and a £20 Amazon gift voucher. There are also no foreign transaction fee’s making this a good card for travel.
Best “Credit Builder” Credit Cards
Tesco Bank Foundation Clubcard Credit Card
This card, already highlighted above does a very good job at helping you rebuild your credit score. The card offers a credit limit of up to £1,200 and an APR of 27.5%. It is designed to allow you to make manageable repayments from £25 per month while email and text alerts, along with the partnership with Noddle gives you the chance to stay in control and rebuild your credit.
Capital One Classic Platinum Credit Card
This card offers a credit limit of up to £1,500 and an interest rate of 29.8% APR. There will be 2 optional credit limit increases per year subject to your repayment history making this card an ideal way to start rebuilding your credit.
Barclaycard Initial Credit Card
This card offers a credit limit of up to £1,200 and an interest rate of 34.9% APR. There is a 3 month interest free period on all purchases, £40 cashback and the possibility to reduce your APR over time.
Best Reward Credit Cards
British Airways American Express Credit Card
This card has an APR of 22.9% and focuses on Avios reward points which allow you free travel with British Airways, FlyBe, Iberia. Points can also be used with Marriott Hotels and Avis. With this card you will receive 1 point for each £1 spent as well as a bonus of 9,000 points when you spend £1,000 within 3 months. A companion voucher will be issued if you spend more than £20,000 in 1 year which allows you to take someone on the same flight as you free of charge. Travel insurance and shopping protection are also included with this card.
Barclaycard Freedom Rewards Credit Card
This card has an APR of 21.9% and offers double Freedom Rewards Points on every £1 spent in major supermarkets, public transport in London and most petrol stations. Regular Freedom Points (£1=1 point) apply on all other purchases. In addition, there is 1-year interest-free on all purchase.
Natwest Rewards Cashback Credit Card
This card has an APR of 23.7% and offers 1% cashback on all spend in UK supermarkets plus 0.5% on spend in their petrol stations. 1% or above can be earned at participating retailers including New Look, The Body Shop and Cafe Nero. Cashback of 0.5% is offered on all other purchases in the UK and abroad.