Post Office Credit Card

The post office has their own credit card with the MasterCard logo.  MasterCard is widely accepted around the world, which makes it one of the best card brands to have no matter the card issuer.  With the post office card you have several benefits that may make this card something for you.

The post office card has zero percent interest on balance transfers for ten months.  Ten months is a shorter period than other cards on the market.  However, many of the cards offering these introductory rates to their customers are disappearing.  The fact that they have this offer is a good mark in their direction.  The terms and conditions of the balance transfer are the same as other cards. You must transfer the balance within a few weeks of opening the account.  There is a transfer fee of up to 3 percent on the amount you transfer.  The lowest fee is 5 pounds.  After the introductory period is over the balance transfer annual percentage rate will go back to the 15.9 percent.

The purchase introductory offer is zero percent for three months.  This is similar to other cards as well.  The period starts with the date the account is opened and not when you receive the card.  After the period is over you will be charged 15.9 percent.  The balance transfer amount will be paid off before the purchases so keep that in mind for how to use the card.  In other words if you don’t pay off the entire amount on the card before your three months are over the purchases will start to accrue interest.

The 15.9 percent annual percentage rate on this card for purchases is standard and variable.  The company reserves the right to change the interest rate at any time per the terms and conditions you agree to when you apply.  It is one of the most popular rates on the market at the moment; there are a few cards with a lower or higher rate.  So this is a good option for you with the introductory rates.

This card doesn’t offer any rewards programme.  They do occasionally have rewards towards certain products that will come in the mail to you.  You can also find discounts with the post office if you have this card.  While you don’t earn rewards points this can help you get things mailed.

Overall this is not the best card on the market, but it is certainly one of them.  It really depends on what you are looking for to determine if this card is right for you.  Most of us need a specific option when we get a card.  If that reason is to lower the monthly interest payment and not to use it as a charge card it can be something worth seeking.  The fact that there are discounts on post office items also help make this card unique for certain purposes.  The length of time you have the balance transfer deal is a little short compared to others.

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