Credit Cards

Our Online Card Buys *

	Typical APR Variable	Max Int Free
	6.8%	56 days
	8.5%	56 days
	15.9%	50 days
	15.9%	50 days
	15.9%	50 days
* Based on Lowest Standard Rates and is not a full search of the whole market

More Credit Card Tables

 

Credit cards, perhaps the symbol of consumer freedom, allow you to spend whenever you want regardless of what's in your bank account. Credit cards are issued by all the major banks and many other companies, including newspapers, charities and clubs. They provide flexibility and convenience, especially when you are away from home.

Some credit card issuers will charge you an annual fee. This can range from £10 a year for a Scottish Widows Hi Value MasterCard to £275 for a Morgan Stanley i24 MasterCard. However, most credit cards don't levy an annual fee - even Gold and Platinum cards - should you qualify.

Credit card issuers tend to belong to at least one major creditcard network such as Visa or MasterCard.

The good things about credit cards is the convenience and flexibility they offer - and in most cases you can enjoy a credit-free period, typically up to 56 days. But if you're looking to borrow money, they are among the most expensive options available with annual percentage rates of interest (APRs) and bear little relation to the Bank of England base rate.

Compare Credit Cards now

Last Updated: September 2007 © Moneyextra.com

MoneyExtra.com recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.