Existing card debt
Lower credit scores
A 0% purchase credit card lets you make purchases using your card that you can then pay off over time without having to pay any interest for a certain period. 0% purchase cards generally offer an interest-free period of at least 6 months, with some offering up to 20 months. Once your 0% period ends, you’ll be charged interest on any remaining balance you have.
They are often used to help cover the cost of large purchases or expenses, and can be much cheaper than a personal loan due to the 0% interest period.
The longer your 0% purchase period, the more time you’ll have to pay off your balance without incurring interest. This makes a 0% purchase credit card a good option for those planning on making a big purchase or covering a big expense, but who don’t want to take out an expensive loan to cover the cost.
If you have existing debt, you’ll want to look at balance transfer credit cards, but there are dedicated 0% purchase cards that also offer extended 0% interest periods on balance transfers. This means you can move over an existing balance, and also cover big expenses without having to take out multiple cards.
You can still be eligible for 0% purchase credit cards if you have bad credit, but may not be able to get the cards with the best 0% periods. However, you should still be able to find a card with an extended 0% purchase period, with many cards offering periods up to 18 or 20 months.
Here are five tips for getting the most out of your 0% purchase credit card:
Is Monzo’s app-only current account the right option for you? Read our review to get the low-down on all of the features of the account, its card and the app.
What affects the value of Ethereum (ETH) and how might the price of ETH fluctuate in the year ahead? Find out in this comprehensive guide.
Find out how buy now pay later service AppToPay works and whether it’s the right choice for you and your next online purchase.
Axie Infinity is an RPG game that is currently dominating the NFT sector. Discover what Axies are, what makes them unique and how you can earn money simply by playing.
The best methods for getting your credit rating in top shape, and boosting your credit score.
Find out to transfer a balance using a Santander credit card, and compare 0% balance transfer offers.See how to transg
Earn Avios or cashback on all your business spending with this business Visa from challenger Capital on Tap.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.