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Credit cards spending, coupled with new store cards purchases, finance deals, bank loans and overdrafts, jumped to a record £18bn in February (Sean Poulter, Daily Mail 30 March 2004). Make sure you have the right credit cards for you. Search for the lowest rates and best deals by browsing the list on the right hand side of this site.
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Platinum credit cards are a prestigious type of credit card that normally requires a minimum salary. A platinum creditcard usually offers other benefits not available to gold credit card and standard credit card holders.
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Gold credit cards are cards that also require a minimum salary but may be more affordable than a platinum card for some people.
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Standard credit cards are also known as classic credit cards. They come in all sorts of colours and providers offer many different deals and incentives.
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0% balance transfer offers are popular. Transfering your balance onto a 0% balance transfer credit card usually means you can save interest that would have been charged on other credit cards. Some people even switch from one 0% introductory balance transfer credit card to another 0% credit card if the first 0% rate comes to an end (often the introductory 0% low APR rate will change after 6 months).
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Bad credit is not looked upon favourably by any lender, however there are some credit card providers who are more sympathetic. If you have suffered with ccjs, arrears, defaults and general bad credit score or bad credit rating, you may find that credit cards are available to you.
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There are some UK credit card companies who offer 0% purchases credit cards but the offers are for a limited time only. 0% purchases credit cards are useful if you have something unexpected to buy, you can pay on your credit card and buy yourself some time to get the money together to pay for the item.
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