Introduction
Best UK credit cards should have a wide range of benefits passed on to the holder such as cash back and rewards. Taking advantage of best uk credit cards can make a lot of difference since it can save you a lot of money. Good credit cards can be cheap and convenient method of borrowing money unlike getting an overdraft from your local bank. Uk credit cards offers more flexibility than taking out a personal loan which is likely to have high fees attached to it.
There are many financial facilities offering credit cards, however not all offers have the benefits of best uk credit cards. One needs to know how to go about getting the best deal in uk credit cards, its important for the potential card holder to figure out exactly the benefits they require in order to have best uk credit cards. Benefits that are available from best uk credit cards are explained below.
Benefits
0% balance transfer credit cards - This works to the benefit of the holder if they need to move outstanding borrowing to an interest free home. A uk credit card with 0% interest deals on balance transfers offers the best options to the card holder. 0% balance credit card allows the holder to move existing balance from the old card to the new card. The process will only cost you a small fee and you will be in a position to repay the debt interest free. It’s important to find the card with the longest period of clearing your debt while at the same time taking in to account each card’s balance fee. The longer the 0% period, the higher the fee for transfer, therefore if you can repay the balance in a shorter period its best to look out for 0% APR credit cards.
Credit cards for bad debts - At times a debtor may find that they are stuck with bad credit history, applying for bad credit cards could be the best option for you. Bad uk credit cards can be used by first time card holders who may have little experience in managing credit. Poor credit cards however comes with a disclaimer; they don’t offer 0% interest rates and have high fees therefore its only wise to look for a card that has low interest rates as possible so as to avoid paying hefty fees.
Cash back and rewards
Some uk credit cards offer rewards on your card once you clear up your balance at certain intervals. Anyone looking for cash back credit cards should look no further as this is their perfect opportunity. Cash back uk credit works to offer you a percentage of the overall funds you have spent in a given period on credit in hard cash which most people find quite irresistible. This applies as long as you are faithful enough to keep repaying your credit card borrowing in full each month. Other good uk credit cards offers the card holder particular rewards such as free shopping vouchers or travel and entertainment options.
Overseas credit cards
For people who don’t like to carry hard cash when travelling around they can consider this option. These major cards such as Visa credit cards, MasterCard credit and American Express are accepted throughout the world which is a great advantage to the holder.
