How to choose the right type of card

If you’re not sure what kind of card is right for you, here are three things you need consider.

Woman using credit card

Working out which type of credit card is most suited to your borrowing needs can be tricky, but by answering a few short questions we’ll be able to help direct you toward the card for you.

Do you have a good credit history?

This is important because credit card companies consider your credit history when they decide whether to accept your application or not.

MoneySuperMarket’s Credit Monitor app provides your credit report for free and presents the cards you are likely to eligible for based on your credit score. The benefit of this is that you can get a good idea of whether you’ll be accepted, reducing the risk of a rejected application. It also means you can be more selective about your applications, reducing the need to submit multiple credit applications and potentially affecting your credit score.

If your credit score isn’t quite what you were expecting, don’t panic – there are specific cards available that can help to build up your rating if your history isn’t great.

See credit cards you are guaranteed to get

Do you want to transfer a balance from another card?

There are lots of credit cards out there that are specifically designed for moving your existing balance from your old card to a new one, to sidestep paying interest for a set period of time. If you want to reduce your interest payments, this could be an option for you.

Do you plan to use your new card for spending?

If you want to use the card for a major purchase, or for everyday spending, look out for cards with low interest rates, or interest-free periods on purchases.

Still not sure which type of card you should go for, our handy tool can help you choose.

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