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The Capital One credit card offers 0% on balance transfers until October 2009!
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Credit Cards
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Credit
card companies rely on people’s loyalty or apathy to
stay with them even though the introductory offer rates have
increased to their standard rate. |
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It
may seem daunting to search for the best credit card deals available
but keep visiting this site and find the best deals to suit you.
Interest rates
If you find that you usually carry a substantial balance forward each month,
then the interest rate you pay should be your main consideration above
any other factors. However, you may also find that taking out a personal
loan to clear up some of your borrowings may represent a better value solution
than using credit cards. This will depend on your individual circumstances;
even though credit cards generally incur higher interest charges than personal
loans or secured borrowings their major advantage is the flexibility that
they provide.
Interest Free Period
If you repay the balance in full each month, you will not usually pay any
purchase interest, unless you have a low-interest card which charges you
interest from day 1. Paying the balance in full effectively gives you up
to 59 days' (this varies between credit card issuers) interest free credit;
this is also known as the grace period.
Purchase APR Rates
This is the rate you will pay on all balances due to goods or services
purchased. It is usually calculated from the day the purchase is made,
therefore if you do not repay your balance in full, you will instantly
be charged interest on the grace period, as well as for each day after
this.
Balance Transfer Rates
These can often be at extremely attractive rates during the first 6 months,
or during an introductory period which expires on a certain date. Some
balance transfer rates will last for the life of the balance, although
in all cases you should beware that when you make repayments, these will
come off the balance transfer first, and therefore to get the best out
of these balance transfers, you should not use the card for any other purpose. |
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Sainsbury's Platinum
5.94% Life of Balance
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