There are many many
many credit cards
available on the
market. And
the first point to
note on the card
should be the actual
Rate of Interest.
At present (July
2007) Card Rates
range from 13.9 upto
a whopping 39.9% ,
this you may ask
yourself is
unbelievable.
However Each card
has its own
positives and
negatives, some
offer higher rates
but have better
rewards, some lower
rates but less of a
Balance transfer
period.
What Card Should I
Choose
Fancy
Designs
Like
Capital
One Card
If you pay off
your credit card
religiously every
month, then the rate
of interest should
not matter.
You can
go for any
card which catches
your eye. Some
cards offer
discounts on
purchases like the
Virgin Credit Card
Others have catchy
designs like the
Capital One Cards.
Spend Lots If you like to
spend on your card
and sometimes leave
a balance, then you
should be looking at
0% Cards which have
a 3 month free
purchase interest
rate, some
providers also
bundle this in with
a
0% balance transfer
rate
Balance Transfers This is the most
popular reason for
changing your card,
many people have
large balances and
are paying large
percentages of
interest on them.
The cheapest way to
manage these
balances is to
regularly transfer
them on to other
cards. However
be warned, most
card providers
charge you a balance
transfer fee , which
can be anything upto
3%. This is
£30 for every
£1000 of balance
you have on your
cards.
Consolidate
Debt Some people use
their cards to being
together all their
debt, this is good
in the short term,
however needs to be
managed carefully in
order to take
advantage of low
interest payments on
the DEBT
Charity
Cards
Like
RSPCA
Charity Cards If you want to
help a charity why
not choose a card
like the
RSPCA Credit Card,
for every £1 you
spend a percentage
is donated to
charity from the
card provider.
Rewards Cards You may want to
be rewarded for
using your card, and
cards like MBNA and
Virgin Cards do
jus that, offering
you discounts on
purchases like DVD's
and Records and also
offering you Points
for Flying etc...
So Whats on
Offer Online
Once you have
reviewed the above
info, check out the
table below and also
take a look at the
left hand navigation
bar, there are
several categories
of card you can
choose from.
If you have a credit card which has an outstanding balance, then maybe you
should look to changing it. Many people forget they have money outstanding
on their cards and just leave the balances to accrue interest. Why not
make you card work harder and get the best rate for your debt.
Use our navigation bar on the left to choose which card might suit your needs.
You can take a look at all the UK's credit
card providers, check out which ones offer
0% on Balance Transfer, and even look for cards which offer
rewards on your purchases
Need help choosing
a card, view our