Types of Credit Cards

When it comes to specific requirements, every customer is different. That's why we decided to put together a handy section, which shows the different types of credit cards available in the UK. The credit cards that you decide to apply for can be very different, but the types listed below should meet your needs.

  Low Interest Credit Cards

These cards are very useful if you want to purchase something and know that you will have to pay for it over a period of time.

  Credit Cards for those with Bad Credit History

Credit card companies assess risk using credit search and credit scoring techniques, and certain credit cards are aimed at people who have a low credit rating. Read more here...

  Balance Transfer Credit Cards

These types of cards are very useful if you are carrying an outstanding balance and feel confident that you can repay it or at least a majority of it during the promotional period. The promotional period is the period that a special deal such as 0% interest rate is introduced by the credit card company, in order to drum up new business. The 0% interest rate deals are typically between three months and one year.

  Reward Credit Cards

These are very useful as you get incentives for using your credit card. These incentives may be cash back or you may be able to purchase something from a catalogue once you have amassed sufficient points to claim particular items. Check to see what the rewards are as they will only be useful to you if you use them.

  Charity Credit Cards

These are useful if you want to contribute towards a charity of your choice as the credit card company will undertake to donate a percentage of the amount you spend to charity. Bear in mind that these types of cards often carry a slightly higher interest rate.