Which credit card is best for you this winter?

With so many credit cards to choose from, it can be a challenge to work out which one matches your spending needs best.

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To guide you in the right direction, we’ve rounded up some of the most suitable credit cards for different circumstances.

“I want to make a large purchase, but need to spread the cost”

Whether you’re getting married or moving home this year, your disposable income and savings funds might not stretch far enough. In which case, a 0% purchase credit card could be a welcome addition to your wallet as it will allow you to spread the cost of your spending interest-free.

The Post Office Matched credit card offers 0% purchases for 27 months, providing you make a purchase within the first three months. 

Just be sure to clear your balance before the 0% period ends, otherwise you'll pay 18.9% pa (variable). The card has a representative rate of 18.9% APR (variable)*.

“I want to spend on my card, but I can clear my balance each month”

If you can afford to pay off your balance each month, choose a credit card that will reward you for your spending.

The American Express Platinum Everyday Cashback card offers 5% cashback for the first three months and up to 1.25% thereafter. (T&Cs apply.) It has a representative rate of 22.9% APR (variable).**

Or, if you regularly shop at Tesco, the Tesco Clubcard credit card for purchases allows you to earn Clubcard points as you spend. Plus it doubles as your Clubcard. You’ll get five Clubcard points for every £4 you spend at Tesco stores and on Tesco fuel, and one point for every £8 you spend elsewhere.

The card has a representative rate of 18.9% APR (variable).*

You can compare all reward credit cards here.

“I want to spend on my card abroad”

If you plan to use a credit card overseas, the MBNA Everyday Plus American Express credit card won’t charge you a fee for spending on it abroad or for withdrawing cash from an ATM – although you will still be charged interest from the moment you take your cash out of the machine.

However, the card has a competitive representative rate of 7.4% APR (variable).***

Looking for the best of both worlds? A number of credit cards offer the same interest-free term for both purchases AND balance transfers

“I have existing debt, but need as long as possible to clear it”

If you’ve already got debt sitting on a credit card that’s charging you interest, perhaps left over from Christmas, it's time to start tackling it.

By shifting your debt to a 0% balance transfer card, you can enjoy more than three years’ interest free.

The Halifax balance transfer credit card offers 0% for 40 months on debt transferred to the card from another provider, so long as you carry out your transfers within 90 days and transfer at least £100. This offer ends on February 15.

The downside is you’ll have to pay a fee of 2.95% (or 3% on transfers made after 90 days).

Once the 0% period is up, you'll pay 18.95% pa (variable) so try to clear your balance before then. The card has a representative rate of 18.9% APR (variable)****.

You can compare all balance transfer cards here.

“I have existing debt which I want to clear quickly”

If you’re confident you don’t need as long as three years to pay down your debt, consider a 0% balance transfer card that has a shorter interest-free term but no transfer fee.

The Halifax 0% balance transfer fee offer card, for example, offers 0% on balance transfers for 23 months with no fee, so long as your transfers are carried out within the first 90 days (otherwise a 3% fee applies). The minimum balance transfer is £100.

If you don't clear your balance before the 0% period ends, you'll pay 18.95% pa (variable). The card has a representative rate of 18.9% APR (variable)****.

“I want to clear debt but also spend on my card”

Looking for the best of both worlds? A number of credit cards offer the same interest-free term for both purchases AND balance transfers.

The AA Dual credit card, for example, offers 0% on both purchases and balance transfers for 24 months, so long as you make a purchase or transfer a balance within three months. Once the 0% deal ends, you'll pay 19.9% pa (variable). 

The card has a balance transfer fee of 2.98% and a representative rate of 19.9% APR (variable).*****

A final note…

All of the above cards will require great credit ratings. To find out whether you will get accepted for a card, click on the ‘Will I get this card’ link on our credit card tables.

This will give you an indication of whether you will be accepted for the card without leaving a mark on your credit file (you can get a copy of yours here).

Credit limits and interest rates will vary based on your individual circumstances.

* Representative Example: If you spend £1,200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable).

** Representative Example: If you spend £1,200 at a purchase interest rate of 22.9% p.a. (variable) your representative rate will be 22.9% APR (variable). You’ll earn 0.5% cashback on annual spends of £0 - £3,500, 1% cashback on annual spends of £3,501 - £7,500 and 1.25% cashback on annual spends of over £7,501.

***Representative Example: If you spend £1,200 at a purchase rate of 7.4% p.a. (variable) your representative rate will be 7.4% APR (variable).

****Representative Example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).

*****Representative Example: If you spend £1,200 at a purchase interest rate of 19.9% p.a. (variable) your representative rate will be 19.9% APR (variable).

All credit cards are subject to status and terms and conditions. Over 18s, UK residents only. Terms and conditions apply. See MoneySuperMarket.com for further information.

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