What is the best credit card in the UK?
There’s no “one size fits all” answer to this question, as the best credit card for you might not be the best credit card for your neighbour.
The financial decisions you make about credit will depend on your own personal situation, goals and spending habits, but in general we can agree that we all want the best credit card deal possible.
Sky-high interest rates? No good. Loads of fees? No way. Inflexible terms and harsh penalties for “breaking the rules”? No one needs that! So it’s safe to say that the best credit card in the UK is one that attracts reasonable fees, charges a fair interest rate, and offers flexible terms and conditions to suit your lifestyle.
To find the best credit card in the UK, the ideal place to start is with credit comparison websites, such as www.creditsearcher.co.uk or www.moneysupermarket.com/cards.
Sites such as these allow you to plug in your specific requirements, and find the best deals that most closely match your wish list.
For instance, if you’re looking to consolidate your debts and transfer the burden of two or more credit cards into one new account, you’ll want to compare the most attractive balance transfer deals available to you.
Virgin Money offers a credit card with 0% payable of transferred balances for 16 months, which gives you more than a year to work on paying down that debt before any interest charges are payable.
Alternatively, you might be searching for a card that offers a solid rewards or cash-back program in exchange for your business. If so, you can’t go past the American Express Platinum Cashback Credit Card.
With an annual interest rate of 19.9%, you’ll want to pay your card balance in full each month to avoid being slugged with hefty interest rate fees. But the reward you receive is 5% cash back on all purchases for the first three months of each year, and 1.25% cash back on purchases for the remaining nine months.
On the other hand, if you’re in the market for a credit card that acts as a jack of all trades, you could opt for the RSPCA Platinum VISA.
This credit card not only offers 0% interest on purchases for the first 3 months and 0% interest on balance transfers for the first 12 months, but it also includes no annual fee and a low ongoing interest rate of less than 16%.
And that’s not even the best part: for every £100 you spend on the card, MBNA Europe Bank Limited will donate 25p to the RSPCA, along with a £20 donation when you first sign up. Everybody wins!
Peter Carville is a freelance article writer who writes for Financial Facts about the current financial news and the credit crunch.
Article Source:http://www.articlesbase.com/credit-articles/what-is-the-best-credit-card-in-the-uk-1469414.html
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