The Colour of Money

As far as I can see, the Post Office credit card really is one of the best all-round credit cards available at the moment.

For a start it offers an interest free credit card balance transfer facility for 10 months. So, if you have got debts on your existing credit cards, you can transfer the balance to the Post Office card and not pay any interest on the transferred balance for 10 months.

Usually a credit card is either good news for purchasers or good news for people doing balance transfers - but seldom good for both types of credit card user.

But the Post Office credit card scores well on both counts. Because as well as the 0% balance transfer feature, it also offers an interest-free deal for new purchases for the first three months. After the three month introductory period, the interest rate is 1.385% per month (unless of course you clear the balance each month in which case there is no interest to pay). Read the rest…