Get your credit card activity ready for a cost-effective Christmas!

Winter is coming and the geese are getting fatÖwait, are we getting our fantasy epics and Christmas carols mixed up?!

Either way, November is fast approaching, which can only mean one thing – Christmas is to be thrust down consumers throats all over the UK just a smidge earlier than last year, and despite our aversion to the coca cola advertís swifter release with every year that goes by, we too recognise the need to prepare for a gift splurge befitting of St Nick himself.

There is one sure-fire way for you spendthrift savers to ensure you rake in all the presents required for all the family and friends, and that is through use of one of the superbly generous 0% interest purchase credit cards currently on offer.

These cards can put your mind at ease when it comes to funding the cost of Christmas – as long as you make the monthly repayments on time!

1. Halifax Purchase Credit Card Mastercard
 
ï    0% interest on purchases for market-leading 20 month promotional period from acquirement
ï    0% APR ñ 18.9% after 20 month promotional period
ï    0% on balance transfers for 6 month promotional period
ï    No annual card fee
ï    Can only be applied for online
ï    0% interest on purchases for market-leading 20 month promotional period from acquirement

2. Lloyds Bank Online 19 Month Platinum Purchase Mastercard

ï    0% interest on purchases for 19 month promotional period from acquirement
ï    0% APR ñ 18.9% after 19 month promotional period
ï    0% on balance transfers for 6 months
ï    No annual card fee
ï    Applied for online

3. Tesco Bank Clubcard Credit Card for Purchases Mastercard

ï    0% interest on purchases for 19 month promotional period from acquirement
ï    0% APR ñ 18.9% after 19 month promotional period
ï    0% on balance transfers for 3 month promotional period
ï    No annual card fee
ï    Can be applied for through a variety of channels ñ mail, phone or online
ï    Earn Clubcard points at a faster rate than with a typical Clubcard

These cards have been getting more and more generous in their conditions, and they are an absolute blessing at such a financially taxing time of the year.

Paying no interest for periods of 19 and 20 months allows you ample amounts of time to structure a smaller repayment system whereby you can splash out on Christmas gifts, whilst feeling comfortable in your management of your credit card debt.

In order to be eligible for the above cards you must have a good credit history, but any ill-disciplined borrowers in the past ought not to fret as Barclaycard have rolled out their Initial Credit Card, which offers 0% interest on purchases for 3 months. You can even improve your credit rating if you make your monthly repayments on time, however failure to do so means any debt left over after 3 months gets charged at a massive 34.9% APR.

Remember, spending responsibility is key; once youíve splashed out on all your Christmas prezzies, take down the total amount of debt accrued and stop using the card.

Calculate how long it will take you to repay the debt – by dividing the total debt by the number of months in the interest-free promotional period ñ and stick to the numbers! Youíll save yourself so much stress and in some cases even improve your credit rating.

Failure to make a monthly repayment will result in the interest-free period being cancelled and the far heftier rate coming into play. Donít use the card abroad or for withdrawals as these will also trigger the higher interest rate.

Income constraints, Individual circumstances and Age conditions all apply ñ check with your lender to see whether you are eligible or not.

Prepare for Christmas by comparing 0% purchase credit cards with MoneyExpert.

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