Compare Credit Cards Uk

Posted onDecember 03, 2011 - 3:39 pm by Admin | 0 Comments

The market is literally flooded with different cards. To make matters even more confusing, the T&C's are changing all the time. It is important to compare credit cards every 12 months to ensure that interest, fees and charges are kept to an absolute minimum. It is possible to perform a credit card comparison online at sites, such as moneysupermarket.com, in order to compare the factors that are most important to the borrower. It is important to appreciate that certain factors may not be relevant.

Perform a Credit Card Rate Comparison

A low rate credit card is an important consideration for those who don't usually clear their balance at month end. The Consumer Action credit card survey in July 2008 reviewed the rate of interest on 41 different cards from 20 different banks. Although the median APR was 13.54%, interest rates ranged from 6% to 22.75%. At a time when providers are increasing rates due to rising default rates, signing up to the most competitive deal has rarely been more important.


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