Saga launches Platinum Visa Card

Saga Personal Finance has officially launched the Saga Platinum Visa Card, which it believes offers a fairer deal to customers whether they spend or borrow. Re-payments to the card are ordered fairly, so after interest and fees, the most expensive debt is cleared first. This is unlike most credit cards available in the UK. The card also boasts no foreign currency charges for transactions in Visa Europe, and 0% on balance transfers and new purchases for the first six months.

The fair order of payments ensures that the interest charged to the Saga customer is lower when compared to other credit cards in the market that pay off amounts that are attracting the lowest interest rates first.

The Saga Platinum card also offers no Foreign Currency charges for transactions within Visa Europe. This includes all EU countries as well as some non-members, such as Norway and Turkey, so customers really can make the most of their money when shopping overseas. For other countries Saga only passes on a 1% charge from Visa for processing these transactions.

Andrew Goodsell, Chief Executive of Saga Group Ltd, commented: "This is another product from Saga which puts the customer's needs first. Not only does it offer 0% Foreign Currency charges when using the card within Visa Europe, but also offers a fair order of payments, and 0% Balance Transfers and Purchases for the first 6 months."