Help with finding the Best Credit Card in the UK
The aim of Credit Card Assist is to help the user apply for a low
interest uk credit card easily and quickly on the internet. Only cards
that you can apply for online are featured and with most of them you can
manage your account online. After visiting this site you will be able
to make an informed choice without spending hours "surfing".
To help the user, three shortlists have been compiled:
It may not be a problem if you haven't been a good debtor in the past.
There are numerous companies out there who will still consider applicants
with a blemished credit record.
Because you are a bigger risk, you will be charged a higher interest
rate. But if it is a credit card, you can pay the balance off in full
at the end of the month and not pay any interest at all.
Some credit cards offer you the chance to rebuild your credit rating.
This actually applies to all credit cards in reality. If you are a good
customer, your transaction history will be on file, thus building a
new credit profile which will go some way to counteracting previous
misdemeanours. It will take a good while, but if you build up a good
profile over a period of time, eventually, your past errors may be all
but forgotten.
All credit providers assess you in different ways. Therefore, if one
provider rejects you, another one may not. A word of caution though.
Too many applications for credit in a short space of time may itself
stand against you. So....think hard about who you will apply for credit
with, if they reject you, one or two more applications may be OK, but
dont overdo it. If you are rejected by three credit providers - then
call it a day for at least six months!!
Trying to find out why you have been rejected can be tricky. You can
ask for a copy of your credit file from Experian.com or checkmyfile.com
will also give you a credit report. Sometimes, though these can just
confuse you. However, they can tell you if you are being muddled with
a member of your family (or a person previously at your address who
has the same sirname - yes it does happen!). Sometimes, it is impossible
to tell, a credit company may simply turn you down because your income
is not high enough, yet they may not have mentioned a minimum salary
requirement in their information. (You generally can borrow up to 1/2
your salary for a personal loan). So sometimes, you may be rejected
for a really simple reason, rather than that you are considered uncreditworthy.
If you are really having problems, do some detective work. There is
a lot of help out there on the internet. DO NOT pay someone to investigate
your credit problems on your behalf unless you know them to be reputable.
They could end up doing more harm than good!!
Eventually, nearly all of us can undo our past credit blunders - so
be patient and most important....BE GOOD!!
Click here to go to our Bad Credit Credit Card shortlist
If you already have existing credit card
debts, a balance transfer is a good idea if the new credit card issuer
offers a lower interest rate. There are some very good deals on the internet,
some starting as low as 0 % for the first six months. There are also a
few card issuers offering a slightly higher interest rate on the balance
transfer until the transferred debt is paid off. If you are a long term
credit card debtor, then one of these credit cards will probably be best
for you.
Click here
to go to happycreditcard.com
The credit card insustry has now become so competitive, that it is totally
unnecessary to pay an interest rate of 20% or more. Now, there are some
really good deals starting at 0 % for 6 months. If you do not have a credit
card debt at present, but are planning to take one on in the future (eg
plans to buy a stereo), then one of these low interest rate cards will
be very useful - especially if you can pay off the debt in the initial
six months before the interest rate goes up!! Even if you haven't cleared
the balance by the time your introductory rate has expired, most of the
cards featured here do not hike the interest rate up to anything extortionate.
If you are a long term credit card debter, it may be more worthwhile to
not bother with a low introductory interest rate, but to go for a card
that offers a permanent low interest rate. This will be lower than
the cards that offer the initially attractive introductory rate, some
number crunching may be necessary to work out what is best for you!
Click here to go to happycreditcard.com
Traditionally, credit cards tend to penalise you if you draw cash out
at the hole in the wall or go to the bank and make a withdrawal. However,
recently, some of the card issuers have again offered some very attractive
deals, starting as low as 2.5 % for an introductory period. Bank Loans
on small amounts (under £2000) tend to be pricey (over 15% and in some
cases over 20%) and inflexible, so if you are confident that you will
pay the loan back under the more flexible terms offered, the option of
borrowing from a credit card, where you can choose how much to pay off
each month, is a very attractive option. Most issuers will charge a handling
fee of 1.5 - 2% on a cash advance - so do take this into consideration.
Click here to go to happycreditcard.com .
The cashback card is a relatively new arrival in the world of credit
cards. The basic rule is that the rewards are minor and the purchase
interest rate higher - to get cashback of 0.5 - 2% on every purchase,
generally you will have to pay an extra 3 or 4%. The way to beat this
is to pay off your balance every month, if you do not, the extra interest
charged on your balance will generally work out to be more than the
cashback earned. So, if you are that type of person that uses their
credit card a lot and pays off the balance each month, then this
probably is the credit card for you. Most pay you your cashback in a
lump sum at the end of the year. For the majority of us mere mortals,
this is a small amount totalling less than £20 per annum, but if you
are a really high spender, then it can literally amount to hundereds!
(Dont get too excited though, there is a ceiling on how much cashback
you can earn with most card companies). Still, if you never run up a
debt on your credit card, free money is free money however small an
amount!!
Click here to go to happycreditcard.com
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