Credit Card Comparison, Find the Best Deals
Credit Cards may be easy to use, but there’s nothing simple about choosing the right credit card deal.
Whether you’re swiping your plastic, punching in your PIN or typing in your details online, credit cards are a handy way to pay for anything. They’re also useful for buying something you don’t have the money for straight away as you can pay off your purchase in installments.
But how do you know which credit card to plump for you? Well, we’ve put together a little guide to help you play your cards right.
There are many different cards to suit different situations. Before you compare credit cards, you’ll firstly need to work out what you want your card for. Are you looking to do a balance transfer from another card or do you want a card you make purchases on and then pay your balance in full each month? Or do you need a combination of both? Is it a 0% interest free credit card deal you are interested in or are you trying to find credit cards for bad credit? Whichever type of deal you’re after, read our money saving, expert tips below to make the most of your money:
Card tricks to keep costs down
* Make sure you pay off as much as possible on your card each month. If you only pay the minimum amount, your credit card debt will mount up and it will take much longer to clear it.
* Credit card companies may charge you a fee if you don’t pay up on time. A good way to stop this happening is to set up a direct debit which will make sure there’s always money be paid into your credit card account.
* Fees can really mount up if you take cash out of an ATM with your credit card. You’ll be paying much more interest on cash than you would if you buy something in a shop or online and there’ll also be a fee for each withdrawal. Try to avoid using your card to withdraw cash.
* It may sound obvious, but do try not to go over your credit limit. Make sure you are vigilant when it comes to using your credit card otherwise the costs could spiral out of control.
* The law is on your side if you buy something for more than £100 using your credit card. Due to Section 75 of the 1974 Consumer Credit act, you’ll be protected a lot more for a credit card purchase between £100 and £30,000 than you would if you used a debit card or even cash. This is because the credit card company and retailer must be held responsible if anything goes wrong. If the product is broken or if the shop or company you bought it from goes bust, you’ll be entitled to a refund from your credit card company.
If you need more help choosing the best credit card, just give our expert team a call on [creditcardnum].