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What’s the best way to compare credit cards in the UK?

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What’s the best way to compare credit cards in the UK?

We apply for credit cards for all sorts of reasons. They’re handy for debt consolidation, online purchases and travelling overseas, and they provide a convenient method for managing regular bill payments.
Whatever your requirements, if you need a new credit card and you don’t know where to start, the best place to begin is almost always online!

It’s important to get your information from a reputable website – preferably one that offers impartial credit card comparisons and advice, without pushing certain products or brands.

Before you begin comparing credit cards, you need to decide which features and benefits are most important to you.

You might be a big spender who plans to pay for all of your monthly expenses on credit, before you pay the balance off in full each statement. If this sounds like you, a card that’s attached to an attractive rewards program could be a perfect fit, as your regular spending habits will help you to accrue loads of points in record time.

Alternatively, if you’re planning to consolidate your debts and transfer the balances of several cards to one new account, you’ll want a credit card that offers a low interest rate on balance transfers. It’s possible to find deals that offer 0% interest on balance transfers for up to 18 months, which is perfect if you’re trying to pay the debt off completely in set amount of time.

On the other hand, if you wish to get a credit card to manage regular purchases and bill payments, a credit card account with a low ongoing interest rate would be ideal.

Once you know what features are important to you, you can begin comparing the myriad of offers out there. These two credit comparison sites are a great place to start.

uSwitch.com allows you to browse more than 200 credit card offers, to help you find the best deal for your situation. The site also offers resources such as an online calculator, a credit comparison guide and a credit card switching tool.

With these resources, you can work out exactly how much money you could save by switching to a new credit card – and you can even compare these savings against other credit card alternatives.

CreditSearcher is an independent service designed to help keep you abreast of all of the current credit card offers in the market. Using their search facility, you can browse various deals on purchases, balance transfers and rewards from leading UK credit card issuers, such as American Express, Barclaycard, Cahoot, Capital One, Egg, Halifax, HSBC, Intelligent Finance, MBNA, Morgan Stanley, NatWest, Royal Bank of Scotland, and Virgin Money. The site allows you to directly compare deals and links direct to the card providers’ websites, so you can easily shortlist the best credit card deals for your personal situation