Cheap credit from your flexible friends

Article Abstract:

United Kingdom credit cards vary greatly in terms of rates of interest charged, and borrowers can make major savings by mving to a card charging a lower interest rate. The major credit card companies charge over 20% interest, while the most competitive charge less than 10%. Some cards offer low initial rates. Borrowers should select a card with a long interest-free period and no annual charges if they pay off their debt at the end of every month, and they should select a card with a low rate of interest if they repay debt over a longer period.

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Cut your Christmas credit card bills

Article Abstract:

The United Kingdom credit card market has become increasingly competitive and borrowers can often find a better deal than that offered by their existing card. Debts can be transferred from another card. The major lenders tend to be the most expensive, and the annual percentage rate (APR) is much lower from some providers such as Robert Fleming and Bank of Scotland. Interest free periods are important for people who pay their bills every month. Fees are less important, though it is better to avoid a fee if possible.

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US firms spark credit card war

Article Abstract:

The UK credit card market has seen increased competition as new US banks have launched cards with lower interest rates than existing cards. Research carried out by Mark Austin from RBS Advanta shows 93% of users of credit cards as unaware of charges they pay. They have also been exposed to peripheral benefits like profile points. UK banks are seeing good growth for existing cards, with spending rising. The insensitivity of cardholders to charges means they feel relatively safe.

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