0% purchase credit cards with sneaky 60 days to spend on 28 July 2018 at 2:59PM edited 30 November -1 at 12:00AM in Credit Cards 9 replies 1.9K views

Gingerbenn

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.

jonesMUFCforever

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.

Gingerbenn

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.

Willing2Learn

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.

There are lots of cards that make such offers, but you must understand that each application for credit is scored by the credit card company in accordance with their criteria. The offers you see are 'upto' 28 months or 36 months and are subject to the status of the applicant. This means the exact terms offered by the credit card company can be varied it is up to you to read the small print during the application and not after.


I hope the above makes sense.


Good luck!!

Gingerbenn

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.

TheShape

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.

Nebulous2

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.

Gingerbenn

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.

msallen

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.

Nebulous2

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.