Within this booming sector there is fierce competition on every high
street throughout the UK. Every major bank is offering some type of credit
card, with some even being re-branded as a standalone entity in their
own right, disassociating them from the bank behind them. This is good
news for you as the customer, as the stiff competition between the credit
card companies have forced them to offer lower interest rates, as well
as other features, to increase the value for money you get from your credit
card.
With almost as many credit card companies to credit cards currently availble
to apply for it can be a daunting prospect to search through them to find
the best deal. That is why we have compiled a list of the best credit
card companies to get you on the way.
When looking around for a credit card, there are a bewildering amount
of offers available, from zero percent interest on balance transfers to
special introductory rates. Ignore these incentives and check the standard
rates you will be charged, along with any other charges and hidden costs
to determine whether their credit card is right for your circumstances.
There are a number of ways to see which cards offer you the best deals
but we recommend comparing their APR. All credit cards will have to quote
the APR that they will charge so compare these, and be sure that you are
looking at the standard rates and not the special introductory offers
that typically only last for the first six to nine months. Many UK credit
cards offer additional features such as cashback on all purchases, but
don't be fooled by such gimmicks. Often the amount that you will get back
is minimal (typically no more than 0.1%) so don't let such an addition
hold any weight when deciding between credit cards.
To get you moving in the right direction, we have compiled a list of the
top UK
credit card companies that are offering the best interest rates on
the market.