Initially Credit cards is used as a charge card so the bill had to be paid off in full every month and the maximum credit limit was a mere £100. Nowadays credit card being able to borrow money, interest-free, on a temporary basis, is, frankly, a no-brainer especially when your ‘real’ cash can be earning interest elsewhere in the meantime and many more can be done thus making life more convenient. For most people, however, it makes sense to pay off the bill in full every month but for those who can’t manage it, there are now plenty of deals around that offSome 0% credit card deals can last for more than a year and you can even transfer balances from other cards so that those debts are interest-free too.er interest-free periods lasting much longer than the usual 50 or 60 days.
The personal details you supply on your application form and the information held on you by the credit reference agencies are taken into account to apply for a credit card. Credit card companies usually aim to sort things out in ten to 14 days but remember that forms need to be signed, the card will arrive separately in the post from your Personal Identification Number (PIN) and then you’ll need to activate the new card.
Most 0% deals revert to a comparatively high standard rate once the introductory period is up (between 15% and 20% APR) but there are credit cards that offer a permanently low interest rate of around 8% to 10% APR. This is very useful for anyone who carries a balance forward each month and particularly for those who usually repay in full but occasionally are unable to and don’t fancy being charged over the odds.. Credit-card issuer Sainsbury’s Bank has analysed 166 different credit cards to find the best introductory 0% (interest-free) deals available in the UK.The bank’s research revealed a huge difference in the length of introductory interest-free credit cards periods offered by leading credit cards. As the following table reveals, sixty-six cards offer an introductory interest-free period on new purchases

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