Clydesdale and Yorkshire Banks launch longest-ever 0% purchase credit card

Revamped card offers interest-free spending for 26 months

Clydesdale Bank and Yorkshire Bank have boosted the 0% period on the Gold MasterCard making it the longest-lasting 0% purchase deal on the market.

The Gold MasterCard now offers an incredible 26 months of 0% interest on purchases, giving cardholders over two years to spend interest-free.

The competition has been heating up in the 0% purchase credit card market over the last few months with Virgin Money and Post Office Money battling to top the tables. But now Clydesdale and Yorkshire have cut in on the action with the longest 0% period ever seen on a purchase credit card.

How the cards compare

Here’s how the new deals stack up to other leading 0% purchase credit cards.

Credit card	0% purchase period	Representative APR
Clydesdale Bank Gold MasterCard	26 months	18.9%
Yorkshire Bank Gold MasterCard	26 months	18.9%
Post Office Money Matched Credit Card	25 months	18.9%
Virgin Money All Round Credit Card	24 months	18.9%
Santander 123 Credit Card*	23 months	16.5%
Tesco Bank Clubcard for Purchases	21 months	18.9%
Halifax Purchase Credit Card	21 months	18.9%
Fluid Everyday Card	20 months	18.9%
TSB Platinum Purchase Card	20 months	18.9%
MBNA Everyday Credit Card	20 months	18.9%
AA Dual Credit Card	20 months	19.9%

*Annual fee of £24

For more of the top deals check out: The best 0% purchase credit cards.

Why get a 0% purchase card?

With a 0% purchase credit card you can spread the cost of big spends and if you’re disciplined pay it all off before any interest kicks in.

Longer lasting interest-free periods are important because they allow you to spread repayments into more manageable chunks.

The table below shows how different levels of spending pan out on a 20-month, 24-month and a 26-month deal.

Credit card spend	Cost of repayments spread over 20 months	Cost of repayments spread over 24 months	Cost of repayments spread over 26 months
£2,000	£100	£83.33	£76.92
£4,000	£200	£166.67	£153.85
£6,000	£300	£250	£230.77

As you can see the longer 26-month deal can really help reduce what you have to pay each month in order to clear the cost of a large purchase.

A word of warning

You should take care to keep up with the minimum repayments and stay within your credit limit once you get a 0% purchase credit card.

If you don’t your interest-free promotional rate may be withdrawn and standard interest will kick in on your balance.

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