See the cards you're most likely to get
Our clever Eligibility Checker shows you the credit cards you're most likely to be accepted for, so you can protect your credit rating by only applying for the cards that are right for you.
How long does a 0% interest credit card last?
While the card will last until its expiry date, the 0%-interest period will last for as long as you have agreed. For purchases it can be as low as three months, but for balance transfers it’s usually between about nine months and 28 months. After that, your interest rate will shoot up.
Why isn’t my interest-free period as long as the one advertised?
Credit card providers usually advertise ‘representative’ deals on their cards – ie what the majority of people will be offered. If your credit rating is strong, you’ll more than likely get the headline deal, but if you have slightly worse credit, you might be offered slightly worse terms.
What happens if I miss a repayment?
You have to make an agreed minimum repayment on your credit card debt every month. If you miss a repayment on your credit card balance, or if you underpay, you’ll probably have to pay a penalty fee. What’s more, if you have any type of promotional offer with your card, such as an interest-free deal, this may be cancelled, and a missed payment may have a negative effect on your credit score.
What is APR?
APR stands for annual percentage rate and it represents how much it’ll cost to borrow money on a particular credit card. It’s calculated by taking into account your interest rate and any additional fees and charges.
However, you might see the term ‘representative APR’ on adverts for credit cards – this means that the interest rate quoted only has to be offered to at least 51% of successful applicants, so it may not be the actual rate you get when you apply.
Why am I paying interest on a 0% credit card?
Most providers will let you transfer balances between £100 and £10,000 to a new card – at most, around 90% of your current credit limit.
What fees are involved in balance transfer credit cards?
Every 0% interest credit card has a time limit on the interest-free period which is offered. While some 0% interest periods can last several years, in the end they run out.
Once the interest-free period comes to an end, the provider will start charging a sizable APR on any balance that remains on the card, potentially wiping out the savings you've previously made. That's why it's always best to pay off your balance before your interest-free window closes.
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We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.