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Top Secret: How to make Your credit cards pay you back

There are hundreds of credit cards to choose from, each with different attributes, rates and benefits, and this can be confusing for consumers. It’s important to ensure you get the most from your plastic by carrying the right cards, so here
are a few pointers. If you’re struggling to clear a balance due
to costly monthly interest charges, look at a 0 per cent balance-transfer card. You can now go “interest free” for up to
three years with Barclaycard, Virgin Money, Halifax and MBNA. But don’t pick a term longer than you really need as it
will come with a higher one-off balance- transfer fee – as much as 3 per cent of the balance switched in some cases.
If you pay your card off in full every month when you receive your statement, the interest rate isn’t really an issue. So try and find a card that will give you
something back by way of cashback or rewards. The Santander 123 card charges
£2 a month but offers cashback of up to 3per cent on some spending. Alternatively, the Platinum Cashback Everyday card
from American Express has no monthly fee and cashback of 5 per cent in the first three months
If you’re not interested in promotional offers or freebies but just want a good-value card that won’t break the bank if
you don’t repay the full balance every now and then, Halifax (and Lloyds) offer a Low Rate card charging 6.4 per cent APR, while
MBNA has a similar deal at 6.6 per cent APR.
Both cards are far cheaper than the market average of around 18.9 per cent APR, and the MBNA deal allows you to transfer funds direct to your current account and so is a smart, low-cost way to clear expensive overdrafts or loan
balances. There’s nothing wrong with carrying three or four cards in your purse or wallet, as
long as you make the best use of the features of each to keep your borrowing costs to a minimum.

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About Albert Asenso

I am an Article writer,Promoter Publicist & Dj. I love listening to music & playing of Games.I have high sense of humor

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