Guide to UK Credit Cards

UK credit cards come in many shapes, colours and sizes. There are also different types from a range of different credit card providers, each with their own specials and great deals.

It is very easy to apply for a UK credit card online. You can do it in three easy steps:

• First, you should find and search through a list of UK credit cards, making sure to find credit cards from a range of credit card providers.



• Second, you should compare the rates, fees and other deals of these UK credit cards to see which one offers the best (and cheapest) service.



• Finally, after you have narrowed down your top choices on rates and fees, you can make your final decision based on what you want your credit card for. For instance, if you want to do a low balance transfer you might choose a different credit card than, say, to use for everyday purchases. Now it is just the small and easy matter of filling in the online application form and you should get a decision within a few days!

Things you should know before getting a UK credit card

Studies show that Britons owe hundreds of millions in credit card debts. Being a flexible and accessible method of acquiring credit, most people use credit cards regularly. Various UK credit cards are being offered by major lenders to provide easy, but expensive, credit to customers.

Applying for UK credit card can be both easy and difficult at the same time. It is surprisingly easy to apply for the card online, but not as easy to be approved. Then you also have spending habits. It is very easy to spend the money, viewing it almost as "play" money since you don't actually handle the cash. Then, when the bill arrives, things get more difficult again...

Before getting a UK credit card, make sure to read all the terms and conditions (the small print) before applying. Search the internet for reviews of the credit card. Maybe other customers had good or bad experiences that can guide you in your decision. Being informed before filling out a UK credit card application might help you reduce the possibility of getting stuck in a credit card debt trap.

As previously mentioned, one card does not fit all. The UK credit card you choose will depend on what you want to use it for. However, if you choose it for balance transfers, don't forget to check the purchase APR and visa versa. You don't want to be stuck with a credit card that you cannot use, because the interest rate is too high. Also be sure to check how long promotional interest rates are valid for. It might be 0% now, but in 6 months the credit card might hit you with a 24% interest rate - certainly not a good deal!

Best UK Credit Cards

Since more than half a million pounds are spent on UK credit cards every minute it is very important to choose the best credit card for you. Here are some very good credit cards on offer, each with their own special deals:

• American Express does a wide range of credit cards and have a variety of special deals available. Their APR is also very competitive. Certainly worth a look!



• It might sound strange that the Post Office issue credit cards, but they do and their deals frequently include 0% APR for a specific period.



• Another novel UK credit card is the GM credit card. Not only do they have all kinds of special deals, they have a reward scheme where you can save thousands of pounds on a new car!



• Then you have your more run of the mill credit cards like the ones from Natwest and Royal Bank of Scotland - well known names in the banking industry.

Don't just choose the first credit card you come across. Weigh up all the pros and cons and make an informed decision on which UK credit card to apply for.