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Abbey card scoops product award

Abbey has been awarded the title of Best New Credit Card Product of the Year at the 2009 Cards Awards ceremony, it has emerged.

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10 February 2009

Abbey card scoops product award”

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Abbey has been awarded the title of Best New Credit Card Product of the Year at the 2009 Cards Awards ceremony, it has emerged.

The company was praised for its Abbey Zero credit card, which offers 0% finance on balance transfers, cash withdrawals and foreign purchases.

Hosted by John Humphrys, the event took place at London's Battersea Evolution and with more than 1,300 guests in attendance, a spokesman for the provider said it was an impressive result.

Roger Lovering, managing director of credit cards at Abbey, added entries from other firms - including American Express, Barclaycard and Bank of America - had made for a tough category.

"We had two entries shortlisted, the Abbey Credit Card and the eventual winner, the Abbey Zero Card, which received much media acclaim when it was launched last April," he added.

The card has an ongoing interest rate of 18.9% APR and is designed with transparency in mind, boasting no annual fees.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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