The Saga Platinum Credit Card

John Fitzsimons reviews the pros and cons of the Saga Platinum credit card.

The Saga Platinum credit card, which is only available to the over 50s, is a brilliant all-round credit card, as it offers nine months interest-free on both purchases and balance transfers

Negative order of payment

This means that you avoid negative order of payment, a nasty trick credit card providers employ to ensure you pay your cheapest debts first, leaving your most expensive debt to rack up interest.  But because this card offers identical periods of 0% interest on both purchases and balance transfers, you avoid it!

While the Saga Platinum credit card is a fantastic offer, there is a slightly better offer from Sainsbury’s, where you can get 10 months interest-free on both purchases and balance transfers.

Great for spending abroad

Another brilliant selling point of the Saga Platinum credit card is that it is great for spending while you’re away on holiday.

If you use it to pay for anything overseas, so long as you are within the Visa Europe Region, you won’t have to pay a foreign currency transaction charge on any of your purchases! If you’re outside of the Europe region you will pay 1%.

The only marginally better offers are from the Santander Zero and Post Office cards, neither of which charge a fee for transactions no matter where you are.

Apply for the Saga Platinum credit card via lovemoney.com