Types of Credit Cards
0% Balance Transfer Cards Move your debt to a 0% Balance Transfer Card from one card to another, which is often a good way to save money. Many credit card companies offer an interest free period on balance transfers to new customers. Consolidate your debts by transferring the balance from more than one card. Or, look for a lower interest rate than the one you are currently paying.
0% Purchase Cards All credit cards charge interest. But, you may be able to avoid paying any if you use your card smartly. Compare cards and find one with an introductory interest free period, a low interest rate or other offers that can save you money.
0% Balance Transfer and Purchase Cards This type of credit card offers as the name suggests 0% interest on both balances and purchases.
Cashback Cards Cashback offers you a small amount of money back for each pound you spend. But, the interest rates are normally higher.
| Name of Card |
Cashback |
| American Express Platinum |
5% Moneyback for first 3 months |
| Capital One Cashback |
4% Cashback on all purchases in the first 3 months |
|