0% Credit Cards in the UK

Are There Any Other Options, Rather Than Using Credit Cards?

Financial experts advise that people who have trouble controlling their use of credit cards should use cash. You may also opt to write a check. With the onset of debit cards, those are an ideal option for shopping. With debit cards, the money comes out of your linked account immediately at the time of purchase. It is similar to writing a check. With any of these methods, you are paying for the items at once.

Living within your means is the best thing anyone can do to help repair their credit. You must always arm yourself with a budget. Write down all your expenses as well as your income. See where you can tighten your belt and make lifestyle changes to live without credit. If you cannot live within your income, you need to make adjustments on either the expense side or the income side. Putting excess charges on credit cards will not help in the long run. You will still have the expenses but with added interest charges as well.

Give yourself a spending allowance each week and put that into the budget. This amount should cover your daily living expenses. If you have enough to buy a coffee each morning, you can, but when your allowance is gone, no more coffee! When you make your budget, also include an amount to be put into savings as well as another amount to savings that is to be used for emergencies. Many banks allow you to link your accounts together so you can transfer funds where they are needed. Challenge yourself to live on less.

If you must have a credit card, use it wisely. Keep it for emergency or travel only and make sure that when you use it you will have enough money to pay off the balance at the end of the month. If you must carry a balance, try to keep it as low as possible. Make monthly payments that are higher than the minimum payment amount. That will help pay down your debt. If you only pay the minimum due each month, it will take years to pay off the debt.

Eligibility for offers for 0% credit cards usually (but not always) depend on the credit score of the applicant. If you have a high credit rating, you're much more likely to qualify. It's worth applying, though, because usually they'll offer you a low-interest credit card even if you don't apply for the zero-interest offer.

Some of the top no interest credit cards offered in the UK include Citi Platinum Select Card, which offers 0% APR on balance transfers and purchases for a period of 12 months. They offer ?0 liability on unauthorized purchases and do not charge any annual fee. The 0% card has a regular APR of 10.74%. Chase Platinum Credit Card, too, offers 0% credit cards for 12 months or for 3 months, depending on the credit history of the applicant.

Blue from American Express features a 0% introductory APR up to 15 months and charges no yearly fee. The card's regular APR is about 11.74% and applicants do not have to have an exceptional credit record in order to get this credit offer.

There is also Blue Cash from American Express, which offers 5% cash back on all qualified purchases. This offer for their 0% credit cards is for six months and they do not charge an annual fee.

With Value Miles Platinum Visa Card, (a frequent flier credit card), the card holder can earn one value mile for every dollar spent. With 24,000 miles you earn can get an airline ticket for any nearby destination. They also do not charge yearly fees and the 0% interest applies to the first 12 months.

HSBC Platinum Master Card offers 12 months of 0% APR and it benefits include unlimited purchase protection and insurance for travel accidents. Their regular APR is 10.74%.

Citi Diamond Preferred Rewards Card offers a ?50 gift card and for every ?1 spent on purchases in drugstores, supermarkets and gas stations can card holders get 5 reward points and 1 point for every other purchase. Of a similar type is the GM Flexible Earnings Card, which offers 0% introductory APR for a year which presents a full one-percent cash back choice, otherwise the cardholder can choose a one-percent earnings towards any new GM vehicle.

Other companies that offer 0% credit cards also include Starbucks Duetto Visa for six months and Northwest Airlines- WorldPerks Visa Platinum Card, which has a credit line up to ?7,500 and a 15,000 miles annual WorldPerks travel reduction. The Northwest card does charge an annual fee of ?55, though.