Cheap Credit Card Rate UK

There are plenty of cheap credit card deals offering a low introductory rate combined with a low balance transfer rate - usually 0%. although the duration of the offer will vary so it's worth shopping around. Some run for six months and others for nine months or longer.

Alternatively, you can have one credit card with a cheap purchase rate and another with the best balance transfer rate to enjoy the best of both worlds. If you do opt for an introductory offer then you'll need to change to a new cheap credit card once that deal ends, otherwise you'll pay the standard interest.

Flexibility is one of the main benefits that a credit card offers. If you have an unexpected large purchase you can cover it in the short term and settle up later. Plus, unlike traditional loans, the amount you pay on your credit card each month is flexible. Once you have made a minimum payment – usually 2% of your balance – you can choose whether to pay off the full amount or carry some credit over.

When you are deciding whether or not to put an item costing £100 on your account balance, remember that if your purchase turns out to be faulty and the retailer refuses to cooperate by replacing it or refunding your money, you can make a complaint to the issuer. MasterCard or Visa will investigate the case on your behalf; if they consider your claim to be valid, they are in a position to force the supplier to comply.

Click here to view the full range of Bradford and Bingley's financial services. Just answer a few simple questions and we'll give you a tailored list of options from a selection of leading providers. Review each product in detail, then select and apply online when you've found the right one for you.