Post Office – give with one hand take with the other

Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “The latest product changes by the Post Office are a classic example of giving with one hand to offer enhanced 0% deals, yet taking back with the other hand by increasing fees and rates. But overall the cards still offer reasonable deals, charging average rates and fees and offering a slightly less than market leading 0% deal.

“The fairly unique feature of the Post Office cards is that they don’t charge a foreign usage loading. With other card providers such as NatWest and Morgan Stanley have increased their charges, and most other cards charging in the region of 2.75%, using a Post Office Card overseas could provide significant savings.

Halifax – great 0% deals

“The new Online One MasterCard from Halifax and Bank of Scotland offers a great 0% package, offering not only a market leading 12 months on purchases, but also a respectable 12 months on balance transfers. For anyone looking to use one card for both balance transfers and purchases, this card and the deal from HSBC cannot be beaten.”