Argos Mastercard - 3 months interest free everywhere

diamonds

Barclaycard/Argos venture same as the now discontinued LX Direct/Littlewoods Barclayvard Visa - 3 months interest free on all purchases, great for emergency bills/large purchases if and only if you pay within the interest free period

http://www.argosmastercard.co.uk/

clio

I know this is an old post but are Barclaycard still the underwriter who fund this creditcard???

System

clio wrote: »

I know this is an old post but are Barclaycard still the underwriter who fund this creditcard???

Argos MasterCard is a trading name of Home Retail Group Personal Finance Limited. Home Retail Group Personal Finance Limited is authorised and regulated by the Financial Services Authority. Registered in England No. 5515984. Registered Office: 489-499 Avebury Boulevard, Central Milton Keynes, MK9 2NW

No, it appears to be a division of Argos themselves, I saw the 3 month deal, and thought there much be some catch.

PROLIANT

clio wrote: »

I know this is an old post but are Barclaycard still the underwriter who fund this creditcard???

Correct, check the Equifax credit file and barclaycard done the search.

clio

Proliant
do you have this card matey, for a purchase card that 3 months interest free takes some beating i,m looking for a good purchase card once my Cap1 gets closed down.
Heng Leng
Seems a good deal doesnt it with that Credit card just as a spending car and not a BT card??

PROLIANT

clio wrote: »

Proliant
do you have this card matey, for a purchase card that 3 months interest free takes some beating i,m looking for a good purchase card once my Cap1 gets closed down.
Heng Leng
Seems a good deal doesnt it with that Credit card just as a spending car and not a BT card??

Na, my Geordie credit rating is'nt good enough, "Computer says noooooooooooooo"

YorkshireBoy

clio wrote: »

...for a purchase card that 3 months interest free takes some beating

It's beaten by 43 other cards in this list...

http://www.stoozing.com/purchases.php

clio

Proliant
The computer says divvint naaaaa lol ...
YB
See the Mint card is up near top of that pile,but cannot see the Argos card
but looking at some of them cards the Argos is not good once you see that list.

YorkshireBoy

clio wrote: »

...but cannot see the Argos card

You're correct, it's not there. I should have been more clear...there are 43 cards on that list which offer 0% on purchases for longer than 3 months.

clio

YB
No probs ....
Going to read up on that UNITE card ??

Milarky

This is unusual:

Summary Box
Interest charging information
If you do not pay for your purchases in full before the end of the interest free period, interest will be charged on those purchases from the date of the second statement following the purchase until repaid in full.

i.e. it appears the interest free period is unaffected by not clearing the balance in time - interest only accrues from two full statement periods after any relevant purchase. (Actually, that does reduce your 'interest free' period - and you will be charged 30 days interest - but not the full 90)

And again

Terms and Conditions
CHARGING INTEREST
When you make a purchase it will be an “Interest Free Purchase” until the second statement date after you made it. We will add the Interest Free Purchase to the Standard Balance on the second statement date but will not charge interest on the purchase if you repay the statement balance shown on your second statement (excluding any remaining Interest Free Purchases) in full by the payment due date. This means you can get up to 3 months interest free.We always charge interest on all other amounts from the date they are added to your account even if you repay your balance in full by the payment due date. We add all interest to your account on the date of your statement each month. This means that you will generally pay interest on interest. Interest is calculated on a daily basis. If any interest is payable on your account we will charge a minimum of £1.

Ouch! But apart from the £1 minimum this seems to confirm that summary wording - interest is not charged from the date of purchase - only from the second statement date where it is not cleared by the next 'due date'...