Introduction to UK Credit Cards

Figures estimate that around 46 million credit cards are used throughout the UK. Figures also estimate that these credit cards can be used all over the 750,000 outlets and worldwide figures estimate over 15 million outlets.

In the early days there were only a few credit card providers, Barclaycard was one of the first providers. Today there are over 60 credit card providers to choose from and about 1600 different branded credit cards for consumers to choose from.

It is a competitive market as there are just too many providers giving you good deals. Capital One is known for the best introductory rate from about 0% interest for six months, these types of credit cards will give you time to sort out your finances.

Different credit cards have different interest rates, annual fees, incentive schemes and interest free periods; these are just a few features what credit cards have to offer. People may find it confusing as there are so many deals out on the market, our website will help you find a credit card with a interest rate which is low and save you money on the long term.

A credit card can be like a loan based feature as you can borrow money from this for a short time, some providers have low interest rates, however to own a credit card you must be able to clear any remaining balances each month.

Towards the start of the introductory period you will have up to 8 weeks interest free credit, this will help your cash flow giving you better management with your money.

As there are many different schemes and benefits such as air miles, cash back and free insurance, using a credit card can help improve your financial status and can be better than using cash, however your monthly balance should be cleared.

Many people feel credit cards can be better then using cash, if you use this facility when and where appropriate. If you use your credit card inappropriately you could fall into a debt.