Best credit card deals Best interest-free credit cards

Credit cards that offer a 0% period on purchases can be an effective way of spreading the cost of big-ticket items for up to two years or more

This type of credit card deal offers one of the few ways to borrow interest-free and used wisely can be a good way to manage the cost of repaying an expensive item. 

We explain how these cards work and review the longest deals on the market.

Which? Money Compare: Best 0% on purchases credit cards - click here to compare the longest deals

What is a 0% purchase card?

These cards won't charge interest on purchases for an initial period, typically between three and 27 months, so there's no immediate rush to pay off your balance.

However, you can expect to pay hefty interest charges once this promotional period ends, so you need to be disciplined enough to steadily repay the debt. When choosing a credit card that offers 0% on purchases, concentrate on the length of the 0% deal and whether the card has any cash back or reward schemes.

The standard purchase APR - which you'll be charged once the promotional period ends - will vary depending on your card provider. But if you repay your balance before the promotional period, you needn't worry about this. 

0% purchase credit card reviews

The Post Office's Matched MasterCard

 
Post Office Matched Card

The Post Office's Matched Card currently offers the longest 0% period on the market - 27 months. 

At the end of the interest-free period the card reverts to a APR of 18.9%, so you'll be best paying off your balance before the 0% offer ends.

Click here for more details.

Yorkshire Bank's Gold MasterCard 

Yorkshire Bank Gold

Yorkshire Bank's Gold MasterCard comes with a 0% purchase period of 26 months and the same APR as the Post Office's - 18.9%.

The same credit card deals is also on offer from Clydesdale Bank.

Click here for more details.

Getting the most out of your 0% on purchases credit card

The key to making the most of these cards is to ensure you have no remaining debt when the 0% deal comes to an end. 

One way to do this is to set up a monthly direct debit transferring money from another bank account onto your credit card.  

Simply divide the amount you've spent on your credit card by the number of months that your 0% deal lasts and set up a direct debit for that figure.

Example: Joe buys a boiler for £810 with a credit card that has an 18-month 0% purchases deal. 810/18 = 45 so he should set up a direct debit for £45 a month.

Provided you don't make any more purchases or cash withdrawals, this will ensure that you don't pay interest on your debt. 

If you have some debt remaining after your card's promotional period ends, consider transferring the debt to a card that offers a 0% interest deal on balance transfers. 

Which? Money Compare: Best credit cards for 0% on balance transfers and purchases

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Which? Limited is an Introducer Appointed Representative of Which? Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited.

Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.