Roger Lovering, Managing Director of Abbey Credit Cards, said: "We promised the market that we would continue to innovate and that is exactly what we've done. The Abbey Zero card is the first ever card to eliminate all these fees at once.

"With no balance transfer fee and six months interest free, it's the perfect card to transfer a debt you want to pay off quickly and has clear advantages for the summer too. No foreign exchange fee makes holiday spending less expensive and Zero also has no cash advance fee for those rare times you might need cash in an emergency.

"Abbey Zero is the only one of its kind and it's not just an acquisition offer - the fee-free offering applies on an ongoing basis on this card - and we're extending the fee-free foreign exchange to existing customers for summer too. What's more, it won't stop there - our ambition is to ‘think differently' and so existing and new customers can expect to see more innovation from us later in the year."