Credit Cards GB - Find, compare and get information on credit cards
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Credit Card
With an estimated 30 million of us carrying a credit card in the UK it comes as no surprise that the total for transactions in 2003 was in excess of £100 billion. With that sort of money being spent you can grasp the importance of credit cards to big business and the British economy, and why there is a wealth of companies out there competing for your custom.
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1. Find Great Credit Card Deals at TheHighStreetWeb
Choose from a variety of the UK's favourite credit card providers. Great deals, low-rates and the latest offers. www.thehighstreetweb.com |
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2. Compare Every UK Credit Card
Apply for any UK credit card. Get the lowest APRs, 0% balance transfers, and rewards. Compare & select your ideal credit card. www.totallymoney.com/credit-cards |
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3. Find UK credit cards with Britishwebsearch.com
Let British Web Search do the hard work for you – British results only – our directory will find the best UK credit card websites for you. The top websites listed in one place for your convenience. www.britishwebsearch.com |
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With almost all retailers in the UK accepting payment by credit card,
there is no need to carry cash around with you when you have your plastic
in your pocket. Not only does having your credit card make the paying
for your purchases simpler, they give you the ability to do so without
having the cleared funds in your account. Whereas a debit card takes the
money straight out of your bank account, a credit card means the company
who supplies you this credit effectively pays the supplier and you then
pay back the credit card company. Such an arrangement comes with a number
of advantages.
The first benefit with using a credit card is if you want to make a purchase
but do not have sufficient funds to cover it, you will be able to buy
the item with your credit card, and then pay off the amount off at a later
date. Make sure you are aware of the timescale in which to pay off the
debt to the card company as this will determine how much you must pay
back. It is common practice that if the debt is cleared within a month
of the purchase then there will be no charge at all. However, you will
be charged interest on the outstanding balance after this period, with
rates being typically high compared to other types of loans.
The second benefit for using a credit card is the protection that is
offered to the consumer, via the Consumer Credit Act imposed on all transactions.
Section 75 states that all consumers have the right to get their money
back from the credit card company if the goods they have purchased with
their credit card turns out to be faulty. However, this only applies to
purchases between £100 and £30,000, anything outside this
range and the cover is void. For those who shop over the internet, this
can deliver peace of mind for those consumers who may receive products
that are in a faulty condition.
The offer of additional protection on purchases, such as extended warranties
or fraud guarantees are other incentives credit card companies like to
use to gain your custom. This means you will not be liable for any costs
if your credit card is used in fraudulent activity.
Many credit card companies offer extra incentives with their products,
such as reward point schemes and special discounts in shops that they
are affiliated with.
For the best credit cards available today see our recommend shortlist
of the top
credit card providers.
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