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15-month 0% transfer credit card from Sygma

New zero interest card is a Which? Best Rate deal

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Unless you really need to, try not to withdraw cash using your credit card – the interest rates are eye-wateringly high

Sygma Bank has launched its Creation MasterCard credit card, offering an excellent 15-month deal on 0% balance transfers (with a 2.98% transfer fee).

Which? credit card expert Martyn Saville commented: ‘It’s great to see more competition coming into the 0% balance transfer market. This card is near the top of the table, beaten only by the 16 months available from Yorkshire and Clydesdale Bank. It is therefore an excellent choice for anyone looking to transfer an existing balance to a new credit card.’

However, the new Sygma Bank card comes with a standard APR of 16.9%, making it uncompetitive for shopping. Consumers should ignore the 3-month introductory 0% deal on purchases as Sygma uses a negative order of payments. If you use the card for further purchases once you’ve transferred a 0% balance to it, every penny of your repayment will be allocated against the interest-free balance transfer, leaving your purchases to rack up interest from the moment the introductory 3-month purchase offer runs out, right up to when the 0% balance transfer is repaid in full.

Which? Best Rate credit cards

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a cashback card, a card offering 0% on purchases or the longest 0% deal on balance transfers.

And check out Which? Recommended Providers to find out which credit companies offer the best customer service without hitting you in the pocket.

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