TYPES OF CARDS

0% credit cards

Consumers are attracted to 0% rated credit cards because the card holders will not incur interest on selected transactions for a limited time period. Once the agreed time period has expired normal interest rates will be applied to any further transactions. You are advised to pay particular attention to the length of time ofthe 0% offer.

Low interest credit cards –For a short term solution.

Customers who require a short term borrowing solution, may opt for this type of card which has considerably lower interest rates than standard credit cards. In order to get the best from this credit card you should ensure that you clear outstanding balances on a monthly basis.

Cash Back credit cards – Be cautious

This type of card can reward you with cash back bonuses in accordance with your expenditure. Card holders canbenefit from gaining cash back points which can be cashed in against your card’s balance. However, you should be wary of potentially high interest rates which may increase if you fail to clear monthly balances.

Bad Credit – Credit Cards for those with a bad credit rating?

There are currently a large number of consumers who want a credit card but have: a bad credit score, a CCJ,or have been declared bankrupt. Unfortunately, these consumers may find that they will be unable to obtain a credit card that offers standard rates. However, there are a variety of high interest rate cards that lenders will issue to those customers whom they believe, represent a high financial risk. Card holders should ensure that they clear monthly balances in order to keep a tight rein on potentially expensive costs.

Gold and platinum Cards

If you are a high earner or an executive who believes that your credit card should reflect your status and level of income , you should opt for a gold or platinum credit card. Lenders often view those customers who are in the highest income brackets as financially stable and will reward these card holders with high cash withdrawal and credit limits, in addition to offering free purchasing protection.

Reward Credit Cards

This type of card is designed to attract customers by attaching a variety of points based ‘rewards’ if you sign up. These rewards can take the form of extra air mileage or shopping and travelling discount packages. Always ensure you check the terms and conditions that are associated with this type of card.

Our Independence assured

As we are an impartial company we do not promote the products of any credit card provider. We are here to get you the best credit card deal for your particular needs.