0% Credit Cards in the UK

Are there any incentives with this type of Credit Card?

Many credit card companies offer incentives or perks for using their card. There are some that even offer these benefits with the 0% interest. These benefits are sometimes called loyalty schemes because they are ways the credit card companies entice you to use their credit card over another. These offered benefits are growing in number. Some companies offer air miles, points or cash back.

If you are interested in air miles incentives there are many offered. The American Express British Airways credit card offers British Airways miles with purchases. The MBNA Travel American Express card includes annual multi-trip travel insurance, a concierge service and an airport executive lounge priority pass. Cooperative Bank offers a 0% credit card with travel rewards.

There are many other incentive offers for 0% credit cards. The American Express Nectar credit card gives nectar points for purchases. The MBNA Rewards card offers 1 point for every £1 spent. Points can be redeemed for holidays, wine, flights or even cash. The MBNA Platinum Rewards card offers 1 point for every £1 spent with points able to be redeemed for high street vouchers as well as holidays, flights, wine or cash. The Virgin Money Credit Card offers points that can be redeemed in their member shop.

It can become hard to compare the credit card incentives. Just remember that the incentives can become expensive to you if you have a monthly unpaid balance. Check the ongoing interest rates before you choose a card. Some of the cards with more incentives charge a higher ongoing interest rate. Always read the fine print before signing up for a credit card. There may be additional charges or annual fees that you should be aware of. These types of charges will make the credit card more expensive in the long run.

Beware of offers sent by post. Although legitimate, they try to entice you into getting their card immediately. It is always wise to shop around for the best offers and interest rates you can find. Remember that interest rates can vary depending on your individual credit history.

Eligibility for offers for 0% credit cards usually (but not always) depend on the credit score of the applicant. If you have a high credit rating, you're much more likely to qualify. It's worth applying, though, because usually they'll offer you a low-interest credit card even if you don't apply for the zero-interest offer.

Some of the top no interest credit cards offered in the UK include Citi Platinum Select Card, which offers 0% APR on balance transfers and purchases for a period of 12 months. They offer ?0 liability on unauthorized purchases and do not charge any annual fee. The 0% card has a regular APR of 10.74%. Chase Platinum Credit Card, too, offers 0% credit cards for 12 months or for 3 months, depending on the credit history of the applicant.

Blue from American Express features a 0% introductory APR up to 15 months and charges no yearly fee. The card's regular APR is about 11.74% and applicants do not have to have an exceptional credit record in order to get this credit offer.

There is also Blue Cash from American Express, which offers 5% cash back on all qualified purchases. This offer for their 0% credit cards is for six months and they do not charge an annual fee.

With Value Miles Platinum Visa Card, (a frequent flier credit card), the card holder can earn one value mile for every dollar spent. With 24,000 miles you earn can get an airline ticket for any nearby destination. They also do not charge yearly fees and the 0% interest applies to the first 12 months.

HSBC Platinum Master Card offers 12 months of 0% APR and it benefits include unlimited purchase protection and insurance for travel accidents. Their regular APR is 10.74%.

Citi Diamond Preferred Rewards Card offers a ?50 gift card and for every ?1 spent on purchases in drugstores, supermarkets and gas stations can card holders get 5 reward points and 1 point for every other purchase. Of a similar type is the GM Flexible Earnings Card, which offers 0% introductory APR for a year which presents a full one-percent cash back choice, otherwise the cardholder can choose a one-percent earnings towards any new GM vehicle.

Other companies that offer 0% credit cards also include Starbucks Duetto Visa for six months and Northwest Airlines- WorldPerks Visa Platinum Card, which has a credit line up to ?7,500 and a 15,000 miles annual WorldPerks travel reduction. The Northwest card does charge an annual fee of ?55, though.