Best Credit Cards
Posted January 25th, 2009 The best credit cards are, obviously, what’s right for your particular circumstances. A card that’s perfect for your needs may be a bad deal for someone else and vice versa. To find the best credit cards for you, you’ll have to decide exactly what features are important to you.
Does the card you want have an annual fee? Some credit cards charge $25-300 per year for the privilege of having the card. If the issuer won’t waive this fee or refund it if you charge a minimum on your card, consider another card. Is there an application fee to apply for the card or a fee if you get a cash advance? These fees can add up quickly, so if your credit card charges any of them-or they apply to a card you’re thinking about getting-you should look elsewhere and investigate other credit cards.
Are you going to be using the card to make everyday purchases or just for big ticket items? You will have to consider this before applying for a card. Many people use their cards for everyday items like groceries, gas and even to pay utility bills because they get a certain percentage of their purchases refunded to them as part of a rewards program. In a case like this, those are the best credit cards for them! But maybe you don’t want cash and would prefer another type of award like airline miles or gift cards. You can find a card like that, too.
If you want the card in order to purchase an item such as an appliance or an entertainment center, you’ll want one with a very low interest rate. On the other hand, if you plan to pay the balance in full each billing cycle the interest rate won’t really matter. Choosing the best credit cards is easier to do if you know exactly what you’ll be using them for.
Remember, a credit card should be an asset, not a burden. You can make it work for you instead of against you by researching terms and conditions as well as key features, comparing them side by side. For instance, one credit card’s terms and conditions may state that you’ll be charged a late fee if your payment is received even one day after the due date while another card may have a ten day grace period. Not reading the fine print for a card you’re interested in will inevitably cost you money!
Being able to find the best credit cards will take a little longer than just picking one at random but it can pay off big for you! Consider a cash-back rewards card that pays you three percent of your purchases. That’s only three cents of every dollar and doesn’t sound like such a great deal, does it? However, if you use it for all your expenses you can run up about twelve thousand a year and receive $360 back! A little research and time will insure that you’ll be able to find the best credit cards for you!
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Comparison of Top 10 Credit Card Offers
| Credit Card | Card Details | Interest Rate | Cash Advance Rate | Balance Transfer Rate | Annual fee | Interest free days | ||
|---|---|---|---|---|---|---|---|---|
 Halifax All in One Credit Card |
The Halifax All in One credit card offers a great introductory rate, and is perfect for saving you money now as well as in the future. | 15.9% APR | 27.95% p.a. (variable) | 0% for 9 months | No Annual Fee | 59 Days interest free |
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 Virgin Credit Card |
As well as a great rate, the Virgin Credit Card comes with:
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16.6% APR (variable) | 27.9% p.a. (variable) | 0% for 16 Months (2.98% fee on balance transfers) | No Annual Fee | 50 days on card purchases |
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 Capital One Classic Visa |
This card is designed for people with bad credit ratings, this is why the rate is quite high. |
Typical 34.9% APR variable | 34.9% APR | 34.9% APR | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
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As well as earning Flying Club miles which you can spend on brilliant rewards like flights, upgrades, car hire and more, a Virgin Atlantic Credit Card gives you up to 46 days interest free on card purchases. |
17.9% APR typical rate | 20.9% p.a. (variable) | 0% for 6 months (2% handling fee) | No Annual Fee | Up to 46 days on card purchases only. |
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The Virgin Prepaid MasterCard from Virgin Money is a prepaid Mastercard that you can add funds to, and use these funds for normal purchases. |
N/A | N/A | N/A | N/A | N/A |
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5% cashback on purchases in your first three months (up to £4,000 of spend). Thereafter, earn 0.5% on the first £3,500, 1% on £3,501 to £10,000, and 1.5% after £10,001. |
18.9% p.a. | 27.9% p.a. | 18.9% p.a | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
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Vanquis Visa Card is designed for people with no credit history or who have previously had bad debt. Representative 39.9% APR (variable) |
Representative 39.9% APR (variable) | 39.9% | N/A | No Annual Fee | Up to 56 days on card purchases only |
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The award winning prepaid card with no credit check or bank account needed. | Funds in your Account will not earn interest | Prepaid only - N/A | Prepaid only - N/A | £59.40 p.a. (£4.95/month) | Prepaid only - N/A |
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