Interest Free loan

follyfoot

what is the best credit card to get with an interest free loan?

Phoenix79_2

More detail please.

Do you want to purchase something and pay back at 0% over a period of time? Or do you want to transfer an existing balance from another card? Or perhaps clear an overdraft or loan?

follyfoot

i want to purchase something and pay back at 0% over a period of time

Phoenix79_2

Marks and Spencer &More card and GE Money Transformation card both offer 0% on purchases for 12 months. Or you could get an MBNA card and bo a BT into your current account and use the money that way while paying off the BT at 0%. Thats for 12 months also but will incur a transfer fee.

You have to factor in other things like whether you will get the limit you need. If its a particulary expensive item then a loan may be the best bet

edited (07:14am) as it didn't make sense!

follyfoot

with the marks and spencer card will they transfer money into my account or do i have to buy against the card only?

follyfoot

I just looked on the MBNA website, they dont mention a 0% loan anywhere or am i looking in the wrong place?

Phoenix79_2

It would be the 0% BT option on MBNA. They will allow you to transfer 95% of your available credit limit into a current account. Effectively an interest free loan.

tom188

Phoenix79 wrote:

It would be the 0% BT option on MBNA. They will allow you to transfer 95% of your available credit limit into a current account. Effectively an interest free loan.

apart form the bt fee of 2-3%.

Phoenix79_2

Yup....i thought i mentioned it in post #4 but i put "would incur a transfer card" which doesn't make sense! I meant to put transfer fee