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[B584]Best Uk Credit Cards

by Peter Spyr, Pet

Although most credit cards provide you with an interest-free period of between 45 and 59 days, this applies only if you pay off your entire balance in full each month. Thus, if you spend on a credit card and don't clear your balance every month, then your card issuer will charge interest on your outstanding debt.

My most recent analysis (covering more than three hundred different cards) showed that most credit cards charge a yearly interest rate of at least 16.5% APR on purchases. The Bank of England's base rate is currently 5% - This is 11point (i.e. 120%) higher than that.75% a year.

Try never to withdraw cash on your credit cards - (this is generally not a good idea!), then you face interest rates which normally exceed 20% APR, plus additional cash-withdrawal fees of around 2.At least ?2 minimum fee, but more likely 5% of the value of each withdrawal.50. These elevated interest rates partly explain why credit-card firms make such juicy profits!

Its time to get wise to the credit cards than do not nail you for crazy interest charges on purchases.

It's possible to spend on a credit card and pay an annual interest rate of a mere 6.8% APR with the Barclaycard Simplicity Platinum Visa card. Obviously, if Barclaycard is able to charge such a low rate (just over 1% more than the Bank of England's base rate), then it's clear that other credit-card issuers are ripping off their cardholders with excessive interest rates!

There are all sorts of other offers available that may also benefit you. By playing your cards right, you can reclaim a nice slice of your next three months' spending. Frankly, it's money for old rope!

Be prudent though. The modern credit card comes with over a dozen devious and costly stings in their tail. One devious, hidden trick usually makes it very expensive to use a credit card for both balance transfers and purchases, but we've found some cards that get around this.

Finally, if you play your cards right, then you can get away with paying no interest at all on your spending, simply by using a 0% on purchases credit card which charges no interest on spending for up to a year. Furthermore, by transferring your existing card balances to a 0% on balance transfers credit card, you can avoid paying interest on your plastic debts for up to a year. Go for it!

If knowledge is power, then after you have finished reading this article, you will feel like "Mighty Man" when this subject is brought up in casual conversation. In the United Kingdom, the credit card phenomenon is not at all different from what the United States or any other country has for that matter. This just goes to show that a lot of people are finding credit cards as feasible means as well.

However, most people in UK would rather obtain the best credit card there is than to suffer at a later stage. And so, getting the best UK credit card is very significant for most English people. In most instances, the best credit cards would usually mean low interest rates, offers rewards, and excellent introductory rates.

But then, it is really important for every UK consumer to shop around for the best credit card deal.

And so, here are some of the best UK credit cards:

1. Virgin credit cards

The very best feature of Virgin credit card is that it allows their consumers to prefer which features they would want to have on their credit cards. That means they could have the chance of getting a 0% balance transfer rate for 9 months, a fixed annual percentage rate of 15.9%, plus more rewards every time the credit card holder uses the card.

What's more, people get to choose their very own creative Virgin card motif making it way above the rest.

Virgin credit card also offers great flexibility.

2. The Marbles credit card

This UK credit card is considered nowadays as the card with the best value and has a high orientation on customer service. They have a 24 hour customer service hotline. Plus, they also provide a regular monthly statement through online announcements.

It also has 0% stable balance transfer rate for 6 months from the date the account is opened.

3. Morgan Stanley Credit Card

This is considered as one of the best UK credit cards because it has 0% introductory rates for balance transfers good for 6 months. It also offers a fixed rate of 14.9%, and their 1% cashback is considered as one of the highest available in the UK market today.

4. The egg credit card

In UK, egg credit card is considered as one of the best credit card in the industry. It also offers 0% introductory offer not only for balance transfers but also for ordinary purchases, and that is available all through out the 6-month period. Their annual percentage rate is also set to a standard rate of 14.9%.

With all these 0% introductory rates, low APRs and everything, these credit cards are definitely the best UK credit cards in the market today. Hence for most UK consumers, shopping had never been this better. If you would like to learn more about this subject, take a look at our wide selection of articles to see if any interests you.

Article Source : Airline Reward Credit Cards

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Both Peter Spyr & Ken Charnly are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Peter Spyr has sinced written about articles on various topics from Leadership, Insurance and Poor Credit. Find the best credit card for your circumstances. Visit The Motley Fool’s comparison engine and compare .. Peter Spyr's top article generates over 60500 views. to your Favourites.

Ken Charnly has sinced written about articles on various topics from Software, Mortgage and Credit Cards. Ken Charnely is a personal finance enthusiast with dedicated to quality information on online loans. For all your online loan needs. Ken Charnly's top article generates over 60500 views. to your Favourites.