Credit cards are a convenient method of obtaining credit. They are available
from all major lenders and provide flexibility for the consumer. Some basic facts
about credit cards are set out on this page.
Top 3 recommended cards
These UK credit cards are ranked according to their popularity with users of this
web site.
If you're worried about the status of your credit, Checkmyfile provide a Free
Credit Status Check .
Credit Card Assist
is a resource for people looking around for a no fee .
Credit Card Assist 's
survey of the main sites
in the UK
shows where you can get a no fee price
and gives you most of the sites you might want to visit for the best unsecured credit card bad credit .
Credit Card Assist is
a website to help you find a credit card for people with bad credit .
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Step 1 - Which Card?
Standard - Visa and MasterCard are two of the common credit cards available.
Platinum and Gold cards - these are usually available for people with higher levels
of income, and have benefits attached to them.
Charity and Affinity Cards - these operate in the same way as standard credit
cards but a small percentage of what you spend is donated to the charity to which
the card is connected.
Loyalty Cards - These cards tend to offer incentives such as cash bonuses, AIR
MILES, points and other discounts.
Pros
Credit cards are international and can be used all over the world, wherever you
see the logo on your card. Credit cards can provide you with instant access to
cash, (for which there is usually a fee payable). Goods can be purchased quickly
and easily, in person, over the phone, or online! Some companies offer insurance
on your purchases, and can protect your goods in the event of loss or theft. They
can also provide you with travel insurance.
Cons
Credit cards tend to be expensive and are hard to control. It is advisable to
keep your receipts of purchases made. Mistakes do happen and you should cross
check your receipts with your monthly statement. Any discrepancies should be reported
immediately to the company. Other forms of borrowing can prove cheaper, e.g. a
personal loan or extension of your existing mortgage. These options should be
considered before applying for a credit card. Purchases made abroad may not appear
on your statement for a few months and it is therefore difficult to determine
whether or not they have been debited to your account.
Rates And Fees
Credit cards attract annual fees and interest charges. Interest rates tend to
be high and vary between companies. Some companies provide interest free periods.
Other companies have penalty payments for late or returned payments or if you
exceed your credit limit.
Repayment Options
Most credit card companies insist on you repaying the minimum repayment. This
can be found on your monthly statement. Alternatively, they request that you repay
a percentage of the outstanding balance, for example, 3-5%.
Deciding Which Card
In deciding which card is the best for you, you will need to assess how you use
the card. For example, if you use the card for convenience shopping and would
want to repay the full balance at the end of the month, then cards that offer
a long interest free period with no annual fee could prove more appropriate. If
you use the card for ongoing borrowing, and intend to pay off the minimum amount
every month, then a shorter interest free period with lower rates might suit you
better. If you travel frequently, it may be worth considering a card, which allows
you to pay your bills via direct debit.
If you are looking for the credit card for people with bad credit ,
Credit Card Assist
gives you most of the sites you would probably want to visit for the best sites
for the bad credit credit card .
The no fee credit card for people with bad credit can
be had if you look around.
 For a instant aproval
a credit card for people with bad credit
visit:
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Egg
Visa Credit Card
Citi Credit Card
Capital
One UK - Platinum MasterCard