Looking for cheap credit cards? Credit cards are a convenient method of obtaining credit and when used properly they can provide flexibility & a range of useful benefits for the cardholder. Read More below

Choosing the right card(s)

To get the most out of your credit card it’s important to decide whether it’s actually suited to the purpose for which you intend to use it. It’s surprising how many people use a card that doesn’t fit with their spending or repayment habits, and as a result end up paying more than they need for the privilege. A credit card is a useful tool if you make it work for you, but remember you can always save money in interest charges by finding a better deal - the market’s awash with them at present. Beware though, card issuers do have tricks up their sleeve and often manipulate their terms & conditions in order to claw back interest in other ways. The best way to avoid such tactics is to use a different credit card for each different purpose, that way you’ll be getting the most out of your credit card for as little cost as possible. So which card is best for you?

Withdrawing cash
Withdrawing cash on credit cards is never recommended as you’ll generally be stung by high interest charges and added fees. It’s well worth knowing the pros and cons before you start, and familiarising yourself with the terms of your card is a must for anyone considering drawing cash off their credit card. You’ll generally be charged from the date of the transaction so there’s no interest-free period. If this isn’t bad enough, you’ll also be hit by a set fee or percentage of the amount withdrawn just for using the facility. Occasionally card issuers do offer promotional rates on cash advances, sometimes as low as 0%, although consideration should also be paid to cash advance fees and conditions.