There are more credit card products on the market than ever before. The choice can be confusing and understanding the terminology can require at least A-level Finance qualifications Core Credit Card Types Purchase card is the plain vanilla variety that has been around for decades typified by the original pre Visa Barclaycard. It will have [...]

Do not bother with the small print, the big print should put you off. The new Ryanair Cash Passport is a prepaid Mastercard. This card is now the only card you can use to avoid the budget airline’s £6 per person, per flight admin charge fee. The Ryan Air credit card is still around. What [...]

1. Interest on Debt This is the biggest form of profit. With credit card rates nearing 18%, that makes a very profitable rate of return. It is much higher than a standard loan. True, some people may always pay off their debt; but enough people maintain a debt balance on their credit card which can [...]

Credit card companies have been known to charge between £20 and £35 for small indiscretions such as late payment fees. However, a ruling by the OFT, means that these charges are likely to be deemed ‘excessive’ and you may be entitled to a refund. A review by the Office of Fair Trading found that charges [...]

Egg is a credit card company who tried to create an image of being a different and consumer friendly credit card. However, there recent actions to tell over 140,000 consumers that they can no longer keep their credit cards because they are a ‘credit risk’ has met with widespread criticism. Egg wrote a letter saying [...]

These are some tips for O% Interest Credit Card Balance Transfers. For the past 4 years, I have been transferring a balance of £3-4000 from one credit card to another. During this time, I have never paid interest on this credit card debt. I have been careful to take advantage of introductory credit card deals [...]

1. 6 week interest free Period before paying When you make a purchase on a credit card, it takes upto 6 weeks before you have to pay the credit card company. This is an easy way of gaining an interest free period. Useful, if you are expecting income soon. 2. There is no need to [...]

These are some of the most common mistakes with using credit cards. These mistakes are easy to make and they can be very costly for your personal financial situation. If you are new to using credit cards make sure you avoid making them. 1. Withdrawing Cash on a credit card If you withdraw cash on [...]

1. Avoid paying debt at 17% Credit cards can be very useful if you are able to pay off the balance. However, when you start paying interest at 17%, the advantages are easily outweighed by the very high interest payments. Therefore, always seek to pay off the balance and avoid these rates of interest. These [...]