Credit Card Comparison

If you’re looking for a credit card then the best way to find the cheapest credit card for you is to compare the rates and fees on each card. Free comparison services such as the one we provide can save customers hundreds of dollars a year.

So what should you be comparing? Interest rates, rates start as low as 9.99% with a low interest card, interest rate can go higher then 25.99% however the average rate is around 17.99%.

Cash advance rate, now it’s not wise to use your cash advance feature on your card, however there are always emergencies, cash advance rates start around 19.99% and the interest on a cash advance starts immediately.

What is the balance transfer rate? There are plenty of credit card which give 6 months interest free and 0% balance transfer rate, if you looking to have your debts consolidated for a longer period of time, there are 12 month transfers and life time transfer cards.

How many interest free days? The average interest free days are around 55 days, not many bank move from this point. Remember that if you don’t pay the debt off within the 55 days then you will be billed.

What is the annual fee on your credit card? Does it outweigh the interest you pay Per annum. Customers who use there card once a year or just like to have one for an emergency should select a no annual fee credit card. If you find your self using your card frequently a low interest, or rewards credit card is better for you.

Read the fine print before signing up to a credit card, never assume anything if your unsure call your bank before you use the card. So remember when doing a credit card comparison factor in the above and hopefully you will save.