I have had the Abbey Zero credit card for about 2 months now, and have found it to be an absolute necessity. With the massive selling point of having zero charges on transactions abroad, I have been able to save a relatively large amount, useful especially with pound at such lows.
How to Apply
I ... Read review
Advantages: Zero fees Disadvantages: High interest, only 3 months free on purchases
I have had the Abbey Zero credit card for about 2 months now, and have found it to be an absolute necessity. With the massive selling point of having zero charges on transactions abroad, I have been able to save a relatively large amount, useful especially with pound at such lows.
===How to Apply===
I found out about the card on a visit to my local branch, and the application process took about a half an hour. Most of this ... ...I have not used it. Abbey does charge 3% of the balance for a transfer, which is worth keeping in mind
===The Downsides===
On opening a credit card, I have come to expect a lengthy period of 0% interest on purchases, I find the 3 months offered not to be very competitive, especially compared to the 9 months by the Halifax All in One.
As with all credit cards, if you do not pay of the full balance, you do risk ... more
I have had the Abbey Zero credit card for about 2 months now, and have found it to be an absolute necessity. With the massive selling point of having zero charges on transactions abroad, I have been able to save a relatively large amount, useful especially with pound at such lows.
How to Apply
I found out about the card on a visit to my local branch, and the application process took about a half an hour. Most of this time was taken up by the banking advisor trying to sell me their payment care and insurances, but I found them to be very expensive, so would avoid the questions if you do ever go down!
From what I understand you can apply over the internet or on the phone, which may be a bit speedier.
I received the pin number within a week, and the card a few days later, which I found to be very efficient.
Benefits
As I described earlier, the 0% foreign exchange fee is an absolute gem. On my recent visit to Dubai, I was able to take full advantage of this, taking very little cash from England, and simply using my card. On my next statement, I saw exactly what was advertised, there were no cash transaction fees, and just the direct conversion of Dubai Dirhams to British Pounds. Previously I have used my debit card or other credit cards and incurred a total fee of 4.5%, so saved a reasonable amount!
Another rather rare benefit I have found with the card, is the lack of the usual 3% fee on cash advance, incurred with normal credits cards, which has been quite convenient.
The 0% for 12 months on balance transfers is also not a bad addition, though I have not used it. Abbey does charge 3% of the balance for a transfer, which is worth keeping in mind
The Downsides
On opening a credit card, I have come to expect a lengthy period of 0% interest on purchases, I find the 3 months offered not to be very competitive, especially compared to the 9 months by the Halifax All in One.
As with all credit cards, if you do not pay of the full balance, you do risk pay a hefty interest, which can dampen all the previous benefits mentioned, and at currently 18.9% APR, this card is no exception.
The service
Thus far I have had no problems with this card, receiving statements on a regular basis (even if the statements are slightly inconvenient, in many parts..).
Overall, in my opinion, if you can get this card, I believe it is a very handy addition!
