Please
note: The interest rates, APR calculations, charges,
awards and other conditions applying to credit cards on these
pages may be changed by the card providers at any time.
UK Credit Cards — No Annual Fee
No annual fee, 0%
balance transfer, low APR and lots of cashback
and other benefits. But can it be done? Well, yes . . .
up to a point.
The following cards are the best we
could find that have no annual fee. They are bank based,
as banks tend to eschew the annual fee for the marketing
gain in getting a new bank client. As is so often the case
in credit card land, the use of credit
cards as a marketing device for the core business
benefits the consumer.
Non bank credit cards, and derivatives
(branded differently to the bank's main card) often have
a higher underlying interest rate than
bank issued cards. For example, interest on cash withdrawals
may verge on punitive, and penalties, like a high APR, tend
to cut in at as moment's notice if a payment is late, or
a limit is exceeded. So use with care!
Compare rates online for a cheap UK credit card
Click on any of the cards below and
then select its name by scrolling the menu box.
We strongly recommend you then run a comparison
by selecting the default choice of "Any",
it may find you a far better deal . . .
Our pick of the best:
Morgan Stanley —
The platinum card issued by this
big merchant bank is a good one. It offers cashback advantages
which come as an annual credit bonus. Very Handy.
* 0 % p.a. on Balance Transfers and
Purchases fixed for the first six months your Account is
open (14.1% APR)*
* Earn up to 1% on every purchase you make with Cashback
Bonus™ award
* No annual fee
* Manage your Account Online
* Cover with a Payment Protection Plan and Card Protection
Plan
Click on the
card below to compare . . .
Nationwide —
With the Classic Credit Card, the
introductory rate is just 0% pa for the first six months
for purchases and balance transfers and 13.9% pa after that,
offering both short and long term value (11.5% APR). With
these rates, and no annual fee, this card is a handy borrowing
option.
There's also a few freebies: extended
warranty on gas and electrical goods costing over £50
when you pay with your Nationwide Credit Card.
This cover provides a further 12 months
warranty after the manufacturers warranty expires - and
it's free. All you have to do is register your purchase
within 60 days. Plus, you have the option of extending your
warranty for a further two or three years, at a discounted
rate.
Purchase cover for most goods over
£50 bought with our Credit Card. It covers most purchases
against loss, theft or damage, as long as they are not covered
by additional insurance.
Click on the
card below to compare . . .
Halifax —
Halifax's "mencap" is a
way of getting no annual fee, relatively ok APR and some
additional benefits, while supporting a worthy cause.
There is an increasing number of
these"worthy cause" cards, being issued mainly
in association with banks, who never cease to try new promotional
ideas. The cancer council has one, as well as the RSPCA,and
a whole slew of organisations much worth our support.
* Special rate of 0% p.a. on all
purchases and balance transfers fixed for your first five
months, 16.9% APR standard variable rate
* No annual fee
* Interest free period of up to 59 days - on retail purchases
* Online fraud guarantee - peace of mind on all your Internet
purchases
* Free travel accident insurance
* Free purchase protection to cover most major items against
theft or damage for up to 100 days.
Click on the
card below to compare . . .
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