It might be too early to start your Christmas shopping just yet, but you’ll need to apply now if you want to get the best credit card for the festive season. We round up the best deals.
Best 0%-on-purchases credit cards
If you want to spread the cost of Christmas, these credit cards charge no interest on new purchases for up to 15 months, so long as you make at least the minimum repayment every month.
The longest 0% deals are currently from Tesco Bank and Marks & Spencer – both currently offer 15-month 0% deals on new purchases. Try to pay off your bill within 12 months though as you probably don’t want to be still paying off Christmas 2011 presents when the 2012 festive period comes round. Deals of at least 12 months are also on offer from Barclaycard, Halifax, Sainsbury’s Finance, Virgin and Bank of Scotland. See our full 0%-on-purchases credit card table to apply now.
Best cashback and reward credit cards
If you pay off your credit bill in full every month, you could get your card company to pay you to use its card. Reward and cashback cards both pay you a percentage of your shopping bill back, either as cash knocked off your bill once a year or as vouchers to spend in-store.
American Express pays the best cashback rate – up to 1.25% cashback on all spending. However, it’s only suitable for big-spenders as it has an annual fee of £25. Cashback cards from Capital One and Virgin pay a slightly less generous reward, but have no annual fee. See the full cashback credit cards table to apply now.
If you do a lot of your shopping with one retailer, you could earn higher rewards with a retailer-branded reward card. For example, BHS pays 5% rewards on in-store shopping, and 1% on shopping elsewhere. House of Fraser pays a huge 6% reward on purchases from its website, 3% in-store and 1% elsewhere.
- High street credit deals – interest-free credit and buy-now pay-later deals reviewed
- Top toys for Christmas – we round up the most popular presents this Christmas
- Christmas gift ideas for the home – from breadmakers to kitchen gifts under £40