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0% credit card

2 replies

FlyMeToTheMoonandMars · 28/05/2022 17:37

Anyone know if I can get a 0% interest credit card for a year or 18 months - I can pay it back easily enough but just not at the moment due to other commitments.

Can I get cash out using it or would someone be better getting cash on my current credit card and transferring the whole balance to a 0% interest card?

OP posts:
Ballsaque · 29/05/2022 08:08

You can have the card for as short or long a time as you want. Just cancel it after you’ve finished with it.

as for cash,I think you can withdraw money from the ATM although I’ve never done this.

AlmostAJillSandwich · 29/05/2022 16:28

Your personal situation will dictate what length of time you will be offered 0% for. It can be as low as 3 months, the longest i've seen is 32 months. Personally the longest i have been accepted for was 15 months, which runs out next month.
Yes, you can withdraw cash from an ATM, BUT this will not necessarily count in your 0%. You'd have to get a card that offered 0% on cash advances in order to withdraw cash and pay it back at 0%

My dad used the wrong card of mine a few months ago and withdrew £10 from my credit card without 0% on wityhdrawals, i was charged an immediate £3 fee for the withdrawal (sometimes they charge a percentage of the ammount withdrawn, whichever is the higher ammount) and i would have been charged interest at a high (roughly 29.9%) percentage every day til the ammount was paid back in full.

Your best option is if you can get a new card which is 0% on balance transfers and cash advances, transfer over your current balance, and then use the rest of the available balance for cash witdhrawal.

I would personally reccomend virgin money, they do offer both and with potentially long intrest free periods, but be aware it is a mastercard not a visa.

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