Interest-Free Purchase Credit Cards

What Is a Purchase Credit Card?

If you have a major purchase on the horizon, like a holiday or new electronics, using a purchase credit card enables you to avoid making a big upfront payment.
With an interest-free purchase credit card, you can avoid paying interest for a set period of time. It is important to keep in mind that if you do not keep up with the minimum payments on your card or go over your limit, you could lose your 0% interest deal.
If you don’t pay off your balance in full before your promotional period ends, you will begin accruing interest immediately.

What Are the Pros and Cons of Purchase Credit Cards?

Purchase credit cards allow you to pay for goods and services and repay the balance over time. While they can offer useful features such as interest-free promotional periods and purchase protection, there are also risks to consider if balances aren’t repaid in time.

Purchase Credit Card Pros	Purchase Credit Card Cons
Purchases up to £30,000 are protected by Section 75	Interest accrued on balances not paid off in the interest-free period
Avoid interest charges with a 0% interest rate deal on big purchases	Missed payments, going over your limit or withdrawing cash will add interest
Make manageable monthly payments instead of one lump sum payment	No interest makes it tempting to spend over what you initially intended

How Do I Choose the Right Purchase Credit Card?

The best Purchase credit card for you will depend on your financial situation and how quickly you plan to repay the balance. When you compare cards, there are a few key things worth checking first.

How long is the interest-free period?

Try to look for a longer zero-interest rate period, so you have more time to pay off your balance without paying interest. Always read through the full terms to make sure you understand what happens at the end of the promotional period.

What is the revert-to rate?

After your 0% interest period ends, you will be charged interest at a standard APR, also known as the revert rate. If possible, pay off your balance in full before your 0% deal ends, and the revert rate starts.

What is the minimum monthly payment?

You will need to make at least the minimum payment each month to keep your interest-free offer. Before accepting an offer, ensure that you can afford these payments. It may be worth setting up a direct debit so you never miss a payment.

Compare Purchase Cards

^Subject to eligibility. Not all providers offer a 0% interest deal. Terms and conditions apply. The duration of the 0% interest period may vary by provider. Credit is subject to approval.