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We feature top UK credit cards for the latest in credit card deals online.

A Quick Guide to UK Credit Cards

Credit cards are a convenient and handy tool for your purse or wallet and have a number of applications. We use them for bookings, purchasing online, use them abroad, use them as a guarantee and more. Normally UK credit cards are used to borrow money from the credit card provider in order to pay for goods or services.

When you buy goods or services with your credit card, any balance below £0 is a debt you owe to the credit card provider. Credit card companies will make their money by charging you interest on this balance if you don’t make a payment in full by the payment date that they specify. The rate of interest is the annual percentage rate (APR) that you see advertised by most UK credit cards. If, as an example, you had a credit card which had an APR of 14.9% then each month you would be charged 1.24% on existing balances. If your balance in this case was £1000 you would be charged £12.40 Interest for that month. However, many UK credit card providers have introduced an interest free period for credit card holders where they will not charge you interest on your balance with some credit card providers offering up to as much as 2 months; but of course the length of the interest free period would depend on when you made your purchase.

If you currently have a credit card and feel your APR is too high you can switch your balance to a new credit card. Many UK credit cards now offer 0% introductory balance transfers for a fixed set period, usually 5, 6 or 9 months which means you can simply move your credit card debt from your old card to a new credit card and not be charged interest, at least for the introductory 0% period, after that you will be charged the standard rate APR set by the credit card provider.

Unlike debit cards taking money out from a cash machine with your credit card will cost you. The cash advance is different for most credit card providers ranging from 10% to 20%.

Many UK credit cards now also come with a range of benefits such as free purchase protection insurance for transactions over the internet and phone, discounts on flights, discounts in many well known stores, loyalty points and even price guarantees.

We have listed many credit card providers for you to choose from and hope our short guide will help you choose a credit card that is right for you.

UK Credit Cards