Abbey Zero credit card best product of the year
by Gill Montia
Story link: Abbey Zero credit card best product of the year
Abbey’s Zero credit card has been named Best New Credit Card Product of the Year at the annual Cards Awards ceremony.
Cardholder benefits include: 0% on balance transfers for the first six months; 0% on purchases for the first six months; 0% balance transfer fee (typically 3%); 0% fee on cash withdrawals (typically 3%); 0% fee on foreign purchases (typically 2.75%); No annual charge; 18.9% APR rate for purchases after the first six months.
The card was launched in April of last year, with customers looking for transparent credit card terms in mind.
Abbey’s managing director of credit cards, Roger Lovering, says he is particularly pleased that Abbey Zero has been recognised by the industry because the award category had some impressive entries.
Co-operative Bank also scooped an award with its Woodland Trust Credit Card, which won the title Best Charity Credit Card.
For every new account opened, the Co-op donates £15 towards the cost of planting trees to the Woodland Trust.
A further £2.50 is donated if the card is used within six months, plus 25p for every £100 spent on the card.