Abbey to relaunch its Zero credit-card deal
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Holidaymakers looking to cut costs this summer will welcome the return of the Abbey Zero credit card, on sale from tomorrow.
The card, which was originally available last summer, offers fee-free overseas purchases and an introductory rate of 0 per cent on balance transfers for 12 months. This news follows Nationwide's decision last week to charge 0.81 per cent on transactions conducted outside the eurozone.
The Abbey card also offers an introductory rate of 0 per cent on purchases for three months and a no-fee policy for cash advances, so cardholders will not get stung by charges for withdrawing money in an emergency.
"The real strength of the Zero card is the absence of additional fees on foreign transactions," says Andrew Hagger of Moneynet.co.uk. "British holidaymakers heading overseas will be hit hard by the weakness of sterling this year, so the ability to make purchases without the usual 2.75 per cent-plus fee will give a much needed boost to the holiday kitty."
However, there is a sting in the tail, as the card has an annual percentage rate of 18.9 per cent after the introductory period, higher that the market average of 17.8 per cent and far above the current best-buy credit card, the Simplicity Visa from Barclays, which charges 6.8 per cent on purchases.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments