Latest figures from Moneyfacts show that over the past year, the number of cards offering no interest on new purchases for at least ten months has risen by 450%.
Furthermore, there has been a 20% increase in the number of cards providing 0% on balance transfers.
Spokesperson for the company Michelle Slade commented: “Credit card companies have taken time to assess the market and now feel comfortable with doing business in the current economic environment.”
She added that anyone seeking to make a new purchase will find there are products on the market that offer no interest for a year, while those repaying existing debts can locate deals charging no interest for 16 months.
In recent days, Egg launched a new credit card providing 10% cashback from around 1,500 different retailers.
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