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0% purchase credit cards with sneaky 60 days to spend on

Gingerbenn
Posts: 6 Forumite

in Credit cards
Can someone tell me when credit card companies all of the sudden started to add the 60 days to spend to get the 0% on purchases. I've just applied for an MBNA card which i was accepted for and only saw the 60 days to spend small print on my paperwork that came with the card. I've now cancelled the MBNA card, as I want to find a card that honors 28 months at 0% on purchases for the whole 28 months and not just the first 60 days.
I feel the credit card companies are not clealy stating the fact you only get the 0% on purchase if you spend within the first 60 days of the card being open. I also found Virgin Money credit cards are doing the same thing with the 60 days to spend to get the 0% deal.
Sorry rant over I just feel MBNA just wasted my time.
I feel the credit card companies are not clealy stating the fact you only get the 0% on purchase if you spend within the first 60 days of the card being open. I also found Virgin Money credit cards are doing the same thing with the 60 days to spend to get the 0% deal.
Sorry rant over I just feel MBNA just wasted my time.
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Comments
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If it was worth stoozing I might agree with you.
These days IMO a purchase card is only worth the effort if you have a large purchase to make and you want to spread the repayments - you avoid a balance transfer fee.
I would make a big purchase say like a holiday on one card then BT card balance to a BT card but this incurs a fee.
For me this might be worth having a look at for the future.0 -
So do any cards offer a true 0% on purchases for say 28 months, its hard to see small print on each cards via websites.0
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Gingerbenn wrote: »So do any cards offer a true 0% on purchases for say 28 months, its hard to see small print on each cards via websites.
I hope the above makes sense.
Good luck!!I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Yes I understand it goes on criteria, but some credit cards don;t disclose the 0% on purchases is only valid between 60 to 90 days. Which must be a fairly new thing as in the past I've never had a card that inforces the 60 or 90 days rule on purchases to get the 0% on purchases.0
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Gingerbenn wrote: »Can someone tell me when credit card companies all of the sudden started to add the 60 days to spend to get the 0% on purchases. I've just applied for an MBNA card which i was accepted for and only saw the 60 days to spend small print on my paperwork that came with the card. I've now cancelled the MBNA card, as I want to find a card that honors 28 months at 0% on purchases for the whole 28 months and not just the first 60 days.
I feel the credit card companies are not clealy stating the fact you only get the 0% on purchase if you spend within the first 60 days of the card being open. I also found Virgin Money credit cards are doing the same thing with the 60 days to spend to get the 0% deal.
Sorry rant over I just feel MBNA just wasted my time.
Not this Virgin Money Card: https://uk.virginmoney.com/virgin/credit-cards/pre-apply/?product=purchase-card
Reading the Summary Box should give you all the promotional information.0 -
You need to know where to look!
https://www.moneysavingexpert.com/credit-cards/best-0-credit-cards/
I have a Virgin 27 months purchases one.
Credit cards offer different features and you need to choose the ones you need. Money transfers, balance transfers and purchases all have different target markets.0 -
That's strange as phoned Virgin money up they stated they had a 60 days on purchases too.
I've finally found a tesco's card with 28 months 0% and no hidden 60 days or 90 days period.0 -
Gingerbenn wrote: »Which must be a fairly new thing as in the past I've never had a card that inforces the 60 or 90 days rule on purchases to get the 0% on purchases.
Not all. I've had both sorts plenty of times over the years.
Its up to you to know what you're applying for.0 -
Gingerbenn wrote: »That's strange as phoned Virgin money up they stated they had a 60 days on purchases too.
I've finally found a tesco's card with 28 months 0% and no hidden 60 days or 90 days period.
Did you look at that link from MSE I gave you? These are all purchases cards.0
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