View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 8, 2014

Santander unveils new credit card with zero percent interest for 18 months: Reports

Santander has, reportedly, launched a new purchase credit card that offers zero percent interest for 18 months.

By Verdict Staff

Santander has, reportedly, launched a new purchase credit card that offers zero percent interest for 18 months.

Santander is followed by Halifax that offers zero percent interest for 17 months and Tesco Bank offers 16 months with added bonus of loyalty points on shopping.

The move by the lenders is to focus on balance transfers credit cards to attract customers, who are looking to get rid of their debts, reported Mail Online.

The purchase credit card by Santander also comes with nine months interest-free on balance transfers; however, a 3% transfer fee will be levied on the customer.

Santander is also offering a 29-month balance transfer offer on one of its newly launched credit card.

Though, the purchase credit card does not carry any annual fee, the bank charges 29.8% interest on credit card cash withdrawals, and 18.9% on borrowing.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International