Finding the Best Credit Card Deals

Finding the Best Credit Card Deals

Finding the Best Credit Card Deals

Applying for a credit card and getting approved is very easy these days. However, you will find that more often than not, credit cards that will automatically approve anyone's application do not offer the best of terms. In fact, they are likely to have comparatively high interest rates, and even steeper fees and penalties. If you want to get a credit card that offers really good terms and will answer all your needs, you need to exert some effort in finding the best card deals.

The good news is that there are lots of pretty good credit card deals in the United Kingdom. All you need to do is look at the top of the line credit cards of the major banks in the UK, and you will more likely than not, find a card that you will like. What is harder is to pick among the good deals to find the best credit card for you.

When finding the best credit card deals, as is already mentioned above, it makes sense to start by narrowing down your choice to the best banks in the UK. While an obscure bank might have a really great credit card that you will like, realistically, chances are that the best cards will be offered by the best banks.

The next thing you need to do is get information on the top of the line credit cards offered by those banks. You can opt to look just at the best credit card offered by each bank, or their top three cards. Compare the credit card deals offered by each bank using the following criteria:

1. Interest rates - Find out the interest rate, or better yet the APR, of each credit card for each transaction. There might not be a card that will offer the lowest rates for all three transactions (balance transfers, money transfers, and purchases), so opt for the card that will offer the lowest rate for the transaction that you will mostly use the card for.

2. Introductory offers - Which card has the introductory offer that will benefit you the most? Remember though that unless you plan on not using the card much after the introductory period, the importance of the introductory rates should come second only to the regular interest rates in your decision making.

3. Reward programmes - If the cards are really close, or even equal, in the rates they offer, choose a card based on the reward programme that you like best.

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