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.

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

Do you have a good credit history? This is important because credit card companies consider your credit history when they decide what interest rate and interest-free period to offer you. Plus, there are specific cards available that can help to build up your rating if your history isn’t great.

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, without paying any interest for a set period of time, so this could be a good 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.

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

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