Watch those credit card charges

How many credit cards do you have? I seem to have amassed 7 in the last few years, although I only actually make use of one or two of them, actually my main card is Tesco credit card which gives me loyalty points on every spend. I’m not too fussed about the rate, because I always pay off my balance at the end of every month. However, if you’re in the market for new credit cards
, there are many factors to consider when choosing which one to go for, which one has the best rates, the best interest-free periods etc.

This is where a website like Credit Card Express comes in really useful. It has a comparison chart of some major card and how they compare against each other. It also has a review of each of the cards where it outlines all the relevant information you need to know about each card, including Yearly APR, the rate for cash advances, and what rate they charge for foreign transactions. There’s also information about whether there’s a loyalty scheme attached to the card and if there’s any special attributes it has. For example, the Virgin credit card gives you a 10% discount on any media purchases from Virgin Megastore.

So, if you’re looking for a new card, it’s worth checking what’s out there. As a consumer, it’s great having so many options!

3 comments

  1. 7!! Wow! I used to have a bunch, now I only have debt LOL, I will never get another credit card! Yeah right! as soon as one approves my rear I will have one LOL

  2. Hi

    It’s Streety here from the programming community over at bumpzee. I thought I had better check out your blog. 🙂

    I can’t remember how many cards I had at most when I was heavily into switching between 0% cards. Probably about 5, so not quite up to your standard. With the introduction of transfer fees I’ve given up on chasing the 0% interest periods and have just 3. I use only 1 though and as with you I pay it off each month.

    I used to have a Tesco credit card but I didn’t like the fact that you still only got 1% off in stores. As most of my expenses were at Tesco I wasn’t getting much benefit above the club card.

    Instead I switched to Morgan Stanley and get 1% off the first ?2k spent and still get the 1% off at Tesco through the clubcard.

  3. Yeah, that’s how I got my collection of cards; trying to make use of the 0% introductory rate. Luckily I managed to get out of that cycle.

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