0% on balance transfers and new purchases
These cards are handy if you already have an outstanding balance on another card as you can transfer that balance over and then not have to pay interest on it for a set time – meaning you actually start paying off the debt rather than simply feeding the interest.
There are two cards that the AA have that offer this – the Balance Transfer card which gives you 0% on balance transfers for 37 months on transfers made within the first 3 months, but you do have to pay a 2.5% transfer fee. You’ll also won’t get charged interest on new purchases made within the first three months of getting the card.
Or you can opt for the Dual Credit Card giving you 0% on balance transfers made within the first three months – you’ll be charged a 2.98% fee for balance transfers. The card also gives you 0% on new purchases for 26 months.