Effective use of your credit card

A credit card is a valuable financial product to most people in the UK, as it enables them to enjoy ease and convenience, as well as providing them with the flexibility to make cashless purchases and then spread the repayments over a period of time. There are many different credit cards available in the UK these days, with something to suit everyone. However, in order to get the best out of your credit card it is important to not only use the card wisely and repay it responsibly but also to ensure that you choose the right card for your needs.

With so many credit cards doing the rounds trying to determine which is the right one for you can be very difficult. All credit card companies make their cards sound tempting and great value, but the card that best fits your needs will be largely determined by the way in which you use and repay your card, as well as on your circumstances. You could save yourself a packet in interest by selecting the right card, and by being organized and 'rate tarting' you can make sure that you minimize on interest that you repay to the card companies. Amongst the popular types of credit cards available today are:

0% balance transfer credit cards

These credit cards offer 0% interest on balance transfers, which means balances that you transfer over from other credit cards. These cards are ideal for those with one or more credit cards on which they are paying high levels of interest on the balances.

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