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Best Credit Cards Providers
Here we have
provided you with listings and direct links to the
major national Credit Card
Providers in the UK. Our objective is to show you
the best deals as possible in Credit and Lending
Markets. At present, we have provided links to the institutions that we
are affiliated with. As we grow and get more affiliations and/or
partnerships, we will be adding more links of many nationally known
money” is a term
dubbed by the people of the world in reference to the wondrous item
called the “credit card.” And the way the
economy is at present coupled with
the pace of life that we have
right now, we want everything done the express way. That’s
why a lot of businessmen, all the professionals, big bankers and even
well-off students have at least one or more credit cards.
especially to working people and those who live
very busy lives, has become an ultimate financial savior. More than
just being a status symbol or an add-on to expensive purses and
wallets, credit/debit cards have revolutionized the way people spend
their money. But, more than the glamour and the convenience credit card
brings, there is much more to this card than most people could ever
indulging much into the never-ending list of
the advantages and disadvantages of having a credit card, it is very
important for people to first have a brief realization of what credit
card really is in order for them to maximize its potentials.
layman's terms, credit card is a card that allows a person to make
purchases up to the limit set by the card issuer. One must then pay off
the balance in full or installments with interest payments. Usually,
card payment per month ranges from the minimum amount set by the bank
to entire outstanding balance. And since it is a form of business, the
longer the credit card holder wait to pay off his or her entire amount,
the more interest pile up.
Since having a
credit card is a responsibility,
only those people who are of legal age and have the capability to pay
off the amount they are going to spend through their credit card, is
allowed to have one. In the UK alone, more and more Britons are using
credit cards because of the financial convenience it brings. Studies
show that the Britons owe hundreds of millions in credit card debts.
Being a flexible and accessible method of acquiring credit, various UK
credit cards are being offered by major lenders to provide ultimate
convenience to the consumers.
UK Credit Cards
Since more than half a million
pounds are spent on UK credit cards every minute-amounting to tens of
billions spent each year, it is very important to choose the best
credit card for yourself. Some of the top UK credit cards providers
have their own sets of great deals to offer, it's up to you, which
among these UK credit cards is best for you.
Many offer few days/months interest free credit, 0% balance transfers
for the 1st 3 to 6 months or more, attractive APR and if you're the
type of person who wants almost everything customised, some credit card
companies lets you choose what your card will look like. New research
indicates that promotions on interest-free periods offered by credit
card providers is on the increase. Accoding to Moneysupermarket, these
interest-free promotional periods are now lasting for over 15 months,
however, interest rates on credit cards are also rising, the average
rate being 17.32%.
Many of them also lets you manage your account online. no annual fees,
and a free 24-hour help line. Some, usually Gold or Platinum types,
automatically gives you free purchase in transit protection for items.
You can actually pay for all or part of your fare using such UK credit
card plus the benefit of free personal travel accident insurance.
Choosing Your Credit Card
will be able to find several indispensable facts about Credit Card
Selection. If there's at least one fact you didn't know before, imagine
the difference it might make.
There are many credit cards out there. The one you choose however,
should reflect your lifestyle and your ideal spending amounts. If you
are looking for the best possible deal and the best company for your
credit card, you’ll obviously need to look around at what you
have to choose from and what works best for you. Below we point out few
vital notes to help you choose your credit card -
The first thing you’ll need to decide when choosing your
credit card, is why you need one in the first place. Some people choose
to get a credit card for cash flow purposes. With a credit card, you
can make purchases and buy things, leaving your paycheck or other
source of income in your bank account to draw interest. This way, your
money will continue to grow while you continue to buy the things you
need. Then at the end of the month, simply pay your bill. Others will
choose to get a credit card and use it for instant cash purposes. This
way, they can use their credit card at an ATM and get instant cash,
which is great for travel or going on a long and extended vacation. If
this is why you want a credit card, you should look for one that has
the lowest rate possible for instant cash transactions.
With a credit card, you’ll need to think about the payments.
Do you want to pay the balance in full each month, or only the required
When you select your credit card, you should look at the introductory
rates, balance transfer rates, and other offers that may apply to new
credit cards and new holders. Some will offer you truly amazing deals,
especially if you have good credit.
Another important area to look at when choosing your credit card is the
incentives. There are several cards out there that will give you
incentives, such as reward points and even cash back with purchases
that you can use towards paying back what you owe. There are several
incentives out there with credit cards, all you have to do is look
around and compare.
The key area you’ll need to look at and compare is the APR
(Annual Percentage Rate). The APR is what you will pay on what you
purchase when the incentive period runs out. APR rates will vary among
credit cards, so it is always in your best interest to compare and shop
around. The lower APR rate you get, the better off you’ll be.
Another concern with choosing your credit card is the minimum payment
amount. Most minimum payment balances will start around 3%, although
some can be lower while others tend to be quite a bit higher.
The interest free
The interest free period is a concern as well, as you will obviously
want to choose the longest period that you can keep the payments down.
When you make that final decision and choose your credit card, you
should always make sure that you know exactly what you are getting.
Credit cards are great to have, although they can lead to a downfall if
you don’t choose them carefully. If you put some time and
research into choosing your credit card, you’ll find the best
one for you. As long as you take care of your credit card and pay the
bill on time, you’ll help raise your credit and eventually be
able to purchase even bigger things - such as a car or even a house.
Credit Card Organisations
are eight main credit card organisations and most of them operate
in a lot of countries world wide. These are American Express (AMEX),
Citi, Diners Club, Discover, JCB, MasterCard and VISA.
However, amongst the options
available to you, you'll have three primary choices for your credit
card - Visa, MasterCard, and American Express. These three giants are
the leaders in credit cards.
MasterCard do not issue the cards themselves, they have banks and other
companies issue on their behalf. American Express, or AMEX, is the
one that does everything themselves. AMEX issues their credit cards,
maintains their own networks, and does not use any type of third party.
Even though MasterCard and Visa are used more throughout the world,
American Express is always expanding their networks. If you
like to travel, you will probably want to choose either Visa or
are used in over twenty five million locations over the world,
including third world countries, which makes them global credit card
payments. AMEX on the other hand, doesn’t quite reach this
degree. It is a great credit card, although it isn’t used
around the world in areas where the other 2 dominant credit cards
Cards With Cash Rebate
Credit cards with cash rebate incentives
give you cash rewards each and
every time you make a purchase with your credit card. Although there
are many types of reward credit cards out there, more and more
companies are leaning towards cash back incentives, as most people
prefer to receive cash back over any other type of reward. For many,
getting cash back is far preferred over air miles, items, or any other
reward. If you like to use your credit card often, then you'll find
that cash rebate credit cards will give you a lot of money in
Genesis of Bad Credit
very obvious that we now live in a credit world. There are lots of
banking institutions offering different forms of credit from credit
card to personal loans. The amount of people with credit cards is
rising very fast. Apart from that, lots of people can hardly do without
credit. Because of lack of enough financial education and discipline on
the part of most of these consumers they often find themselves in bad
credit situations like court judgement, bankruptcy, and loan default
which often make it difficult for them to get any credit at all in
future. You may now want to ask – what exactly is credit?
Credit means that you are getting a service or cash grant to use for
your own purpose. You are often bound with a contract or agreement to
repay in future as agreed with lender or service provider. Credit
exists in different forms like loan, mortgage, or credit card.
you can get credit from any financial institution or lending agency,
they will first check your credit history. If you have default on loan
before or have bad credit history you will find it almost difficult to
get credit any time you apply for it.
it’s possible for you to improve your credit history or build
a new good credit history by repairing your credit, thus
re-establishing your credit-worthiness. This process is called credit
repair. It’s the process in which consumers with unfavorable
credit histories attempt to re-establish their credit-worthiness.
there are lots of credit repair companies nowadays that promises
repairing your credit for you, if you can follow simple guide,
it’s very possible for you to do it yourself –
afterall it’s your credit.
If you repair your credit it will make it easy for you to get low
interest credit, car or home loans. However, with poor credit rating
you may not be able to get loan or be subjected to high interest rates
and several other unnecessary conditions. So it’s very
important that you repair your credit if you have bad credit.
Tips & Resources Stock Market For Beginners:
How to Invest Wisely - The stock market is like a big superstore, a
buying and selling place where people buy stocks. These exchanges are
where the buyers and sellers are matched. With the exchanges as the
main players...Read More...
Pros And Cons of Reverse Mortgages -The money that you get out of
reverse mortgages can be spent on just about anything that you choose.
As a senior, you have the freedom to spend on luxuries as much as you
do on necessities...Read More....
Automated Forex Trading System:
Automated Forex trading system enables traders to execute their trade
on spot Forex market automatically and anytime of the day...More..
Debt Credit Repair:
Learn the different ways to get you credit score over 750...More..
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