Financial Services > Credit Cards > Credit Cards News

Switch to zero per cent interest credit card, holidaymakers urged

Tue, 13 Sep 2005

With tans fading after summer holidays, credit card bills with forgotten holiday expenses might deal Britons a blow.

But good news is that debit and credit card holders can save over £230 a year in interest, price comparison website Moneysupermarket revealed.

The website said that with over £19.6 billion charged to debit and credit cards abroad, credit card holders will benefit from switching to one of 45 card offering a zero per cent interest on balance transfers.

Hefty interest rate charges are added to the credit card bills of the 46 per cent of credit card holders that fail to pay off the whole balance on their credit card statements every month.

"With many countries now accepting most forms of plastic it is easy to spend money abroad, and with costs often cheaper overseas than in the UK, it is all too tempting to get carried away with holiday purchases," warned Moneysupermarket's director of credit cards Richard Mason.

However, he warned that credit card holders that do not pay off their credit card bills in full can end up paying a large amount of interest over a year – enough to cover the cost of a weekend break or a whole year's family travel insurance.

"By taking the time now to shop around for a better credit card deal, our calculation shows that consumers could save significant sums."

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Choose a credit card

Choose the perfect card

Choose the right credit card for you and apply with confidence.

Choose a credit card