In some ways, credit cards have not changed very much since the mid-1950s. In other ways, however, the system has changed dramatically. One of the biggest changes between credit cards of today and those of the mid-1950s is the use of loyalty programmes.
Unless you plan to repay your credit card in full each month, the rate of interest you will be charged on your outstanding balance will need to be one of the most important things you consider before applying for a credit card.
Today over £1 trillion of credit card transactions are processed through over 20 million outlets worldwide each year! But, how does the system work – how is a credit card transaction processed?
In order to apply for a credit card you need to either:
Before applying for a credit card, check to see if the card provider is offering you one or more (and preferably all) of the following:
With so many credit card issuers now offering you the chance to become a member of their system, how can you tell which credit card issuer you should apply for, i.e. how do you know which credit card is best for your needs?
Under current UK law, you may apply for a plastic card once you reach the age of 16, but you cannot apply for a debit card until you reach the age of 18. As such, if you want to use a credit card before you are 18 you need to use a supplemental card of [...]
Before proceeding further, it is probably best to dispel one of the biggest misconceptions around regarding UK credit cards – that is, although all UK credit cards can be considered plastic payment cards, not all plastic payment cards can be considered UK credit cards.
Although this section of the Guide is entitled “What Are Credit Cards And What Type Of Cards Are Available?” – a more accurate title would be “What Are Plastic Payment Cards”, as we shall take a look at an overview of all plastic payment cards.
There was a time, not that long ago, when your spending power depended on the amount of cash you actually had there and then in your wallet or purse. In those days, if you wanted to go shopping you needed to make sure you had enough cash on you to pay for whatever it was [...]
A recent report has claimed that the number of interest free balance transfer credit cards is on the increase, with...
By admin | March 13, 2010 | Read More
The rewards based credit card has become very popular over recent years, particularly amongst those that tend to repay their...
By admin | March 9, 2010 | Read More
According to recent reports many credit card customers that have cards with Capital One have been stung with huge increases...
By admin | March 5, 2010 | Read More
Recently released figures have shown that credit card interest rates in the UK have reached a new high, despite the...
By admin | March 3, 2010 | Read More
A number of proposals have been put forward recently to try and increase fairness for credit card customers, with the...
By admin | March 1, 2010 | Read More