Abbey Zero Credit Card Review
The Abbey Zero credit card is the only card currently being offered by the Abbey. As the name suggests, the fees are zero subject to conditions.
This is unlike many other credit cards where you are charged fees for using the card abroad, for balance transfers or simply just withdrawing cash from an ATM.
Here is what is being offered for a zero fee:
- cash advance
- purchase fee
- balance transfer
- annual fee
- exchanging currency
- statements
After you apply for a Abbey Zero credit card, you may transfer your balances from other cards within the first month where you will be charged no fee.
Then you can enjoy 0% interest for 6 months on this balance and on purchases you make with the card.
This credit card is very useful when travelling such as visiting France to shop where you can pay with your zero card and not have to pay any currency exchange fee.
You could also pay for a holiday and not pay interest.
So all looks great so far. How about the things to watch out for?
Well, like with any credit card, if you have to be careful not to build up a balance that is too big for you to afford once the interest free period is over. This is when a typical rate of interest is applied to your outstanding balance.
With a card with no charges for up to six months it is maybe tempting to overspend. So you will need to exercise good money management to make best use of this card.
For example, if you have variable income or expenses during the year, you could use the card when you need it most and clear the balance when you don’t have so many purchases to make and money is more abundant.
In conclusion, the Abbey zero card seems like a great choice if you have outstanding balances on other cards that include fees and interest. Now you can transfer these balances and pay them off more easily because of the zero fees over the initial six months.
Also, it is a good choice if you are a frequent overseas traveller.