American Express have a credit card which is interest free, so long as you pay the balance in full every month. Also, you get benefits such as airport lounge access, hotel upgrades etc. The first year the card is free and then £140 a year afterwards. Would this be permissible to use?
Credit cards are a riba based contract. The fact you agree to pay interest after the grace period is over, makes you agree to the sin, even if it's unlikely, and hence it is prohibited.
However, the majority of scholars in Europe and North America have allowed it as it can become a life necessity to have a credit card, with the condition that you never buy anything unless you have the cash for it, and that you pay up your entire balance within the grace period.
Seeing this is in the UK, I don't know if this is a competitive product, here in Canada there are many premium cards with lounge access for less annual fee than that.
However, the majority of scholars in Europe and North America have allowed it as it can become a life necessity to have a credit card, with the condition that you never buy anything unless you have the cash for it, and that you pay up your entire balance within the grace period.
Seeing this is in the UK, I don't know if this is a competitive product, here in Canada there are many premium cards with lounge access for less annual fee than that.
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Tarikul Islam