Intelligent Finance launches flat-rate credit card by Finance News Bulletin

Published: 16/02/07

Intelligent Finance has launched a credit card that charges the flat speed of 89 per cent annual percentage speed (APR) variable for all transactionsTransactions covered by the level rate include cash withdrawals, equilibrium transfers and purchasesThere is also a 59-day elegance period for credit card bill payments which Intelligent Finance claims is the longest time on present in the credit card market

Nick Robinson, managing manager of Intelligent Finance, commented: "There is a rising trend towards standard rate credit cards and we are responding to that demand"Like all our crop, it has been designed to help people manage their money more cleverly"Credit card providers are moving away from zero per cent rate offers and in its place offering more competitive fixed rates after suffering financial lossesThere is also pressure on the manufacturing to encourage responsible borrowing rather than brief deals

MoneyExpert Limited is authorised and regulated by the Financial Services power (FSA Registration No 301654) The Financial Services Authority does not control some forms of mortgage agreement, credit cards, personal loans, current accounts and

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