A credit card has been launched by the Internet giant amazon.co.uk.

What does it offer?

A nine-month interest-free period for purchases and 0% on balance transfers for 12 months is being offered by Amazon credit card.

You will be given £15 credit

After that the rate would be 16.9% APR and £15 credit would be given to you if you would use the card within 180 days plus loyalty points to spend on Amazon.

The card could be used by savvy shoppers in order to spread the cost of Christmas over nine months, with no interest.

But those by whom the card is not used wisely and they don’t pay off their balance within the interest-free period then they could end up canceling out any benefits.

You can get £10 cash back

If you are willing to earn £10 cash back then for that you have to spend a whopping £1,000 on Amazon or £2,000 elsewhere.

Monthly interest rates

On £1,000 monthly interest would be around £14 which is more than the reward for spending thousands.

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