The UK credit card industry has matured into one of the most lucrative and sophisticated in the world. There are now so many providers and options for customers to choose from that there should be something on the market for pretty much everyone. No matter what your personal circumstances or financial situation, you will most likely be able to find the perfect credit card that fits your conditions.
Here is a brief explanation of some of the most popular or important types of credit card available on the UK market.
First of all there are the 0% credit cards. These have sky rocketed in the last number of years. They aim to entice customers with offers of 0% on either balance transfers or purchases or both. Most lenders will be able to provide you with a 0% credit card if you seek one, and meet the qualifying criteria.
Balance transfer cards specialise in giving you a very low, or perhaps zero rate, on balance transfers for somewhere between five and nine months usually. This means that if you were currently paying a lot in interest to your credit card provider, then the balance transfer card would allow you to switch to them and have a period of time in...