UK Credit Cards & Card Types Explained - Why Are There So Many Options?

Have you ever looked at the wall of credit-card offers available and thought, “Why are there so many… and what do all those 0 % and APR numbers really mean?” In this episode we take a look at the world of UK credit cards. And breakdown types of cards available such as purchase, balance-transfer, credit-builder, reward, travel and 0 % deals, you’ll leave knowing exactly which card type (if any) fits your life – and the pitfalls to avoid.

Friendly Reminder - This episode is for educational purposes only and does not constitute personalised financial advice. Always do your own research and, if in doubt, speak to a qualified financial adviser.

Useful Resources & Links:

• MoneyHelper: Credit Cards Explained: https://www.moneyhelper.org.uk/en/everyday-money/credit/simple-guide-to-credit-cards
• MoneyHelper: Section 75 Protection Guide: https://www.moneyhelper.org.uk/en/everyday-money/credit/how-youre-protected-when-you-pay-by-card
• Citizens Advice: Credit Cards – How They Work & Your Rights: https://www.citizensadvice.org.uk/debt-and-money/borrowing-money/credit-cards/
• MoneySavingExpert: Credit Card Jargon Buster & Cost Calculators: https://www.moneysavingexpert.com/credit-cards/
• StepChange Debt Charity: Managing Credit-Card Debt & Free Advice: https://www.stepchange.org/debt-info/debt-types/credit-card-debt.aspx
• FCA Register: Check a Firm Is Authorised: https://register.fca.org.uk/