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Make the Most of a Combined Credit Card

Combined credit cards offer interest-free deals on balance transfers and new purchases. Use one correctly and, for a period, you don't need to pay interest on any of your credit card debts or spending. Saving you hundreds of pounds every year.

What is a Combined Credit Card?

A balance transfer and purchase credit card is effectively two cards in one. It offers you all the perks of a balance transfer credit card, i.e. a lengthy interest free period on existing credit card debts, and the benefits of a 0% purchase card - no interest to pay on new spending. They're ideal for anyone wanting to stop paying interest on existing debts _and _ for those who enjoy some interest-free new spending. However, the interest-free periods on combined credit cards are shorter than if you get separatebalance transfer and purchase cards, so if you want a longer time of 0% interest go for a specialist balance transfer cardor purchase cardinstead.

Is this the Card for Me?

Get a combined credit card if:

  • You want one card for all your credit card needs. A combined balance transfer and spending card eliminates the need to monitor multiple credit card accounts and till-point panics about which card you should be using.

  • You are worried about making multiple credit card applications and need a balance transfer and 0% spending card. Applying for a combined credit card will halve the number of applications you need to make. You can also improve your chances of being approved first time by using our advanced credit matching technology.

Don’t get a combined credit card if:

  • You are looking for a cheap way to clear your debt. You will get a much longer 0% period if you opt for a credit card that only offers a balance transfer deal. There also tends to be a lower balance transfer fee on the latter too, making them the cheapest way to clear your credit card debt. Find out more with our guide to balance transfer cards.

  • You don’t have any existing credit card debt. If you are only looking for a cheap card for new spending you will be better off with a 0% purchase card, as the interest-free period is likely to be longer. You can learn more with our guide to purchase cards.

  • You clear your balance in full each month. If you won’t be building up any new debt you will be better off with a credit card that rewards your good spending habits, such as a cashback or rewards card. Go to our guide to rewards cards or cashback cards to find out more.

How Can TotallyMoney Help My Application?

One reason people apply for a combined purchase and balance transfer card is that they are worried about making multiple credit card applications as they can harm your credit rating. Applying for a combined credit card helps with this as you can halve the number of applications you need to make. Our personalised comparison tool can help even further by pointing you towards the credit card providers who are most likely to accept your application. Every lender has different acceptance criteria, so it is hard to know where you application will be successful. Enter a few details and our comparison tool shows you the cards you’re most likely to be approved for – and those that might reject you. Whilst acceptance still isn’t guaranteed, by applying for cards that we recommend, you are twice as likely to be accepted than those who don't.

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How to Make the Most of a Combined Credit Card

Never Miss a Payment

Set up a direct debit to cover at least the minimum payment on your card. If you miss a payment it will have a negative effect on your credit rating and can also result in your credit card provider pulling your 0% interest deal. A direct debit will stop this from happening.

Clear your Debt in Time

If you still have debt on a combined card after the 0% period ends the interest charges will quickly wipe out the benefit of using the card in the first place. So, make sure you have cleared the debt before the 0% period runs out, or if you can’t do that move the debt to another 0% deal.

Remember the End Date

A combined credit card is only worth using during the 0% period. After that the interest rate shoots up and you’ll start paying a fortune for your debt. So set up a reminder or make a note in your diary of when the 0% period ends and make sure to apply for a new credit card before you start paying interest.

We're on a mission to help everyone move their finances forward and gain financial momentum.

TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Registered Office: Chapter House, 16 Brunswick Place, London N1 6DZ. Credit is available, subject to status, only to UK residents aged 18 or over.

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