Merchants, Credit Cards & Merchant Accounts
 

CREDIT CARDS

 
 

Credit Card Comparisons

This section deals with credit card comparisons and the issues of debt, fraud, offers and balance transfers.

With so much credit available these days comparing cards can be a bit of a nightmare. Here is an explanation for some of the types:

Reward cards give points that can be redeemed against specific purchases such as Air Miles or cash equivalent points to be used at specified retail outlets.

Cash-back cards give you money back on your card every time you use it. Typically cash-back is about 2% of expenditure and will be awarded annually although you’ll be able to see how much you are owed on your monthly statements.

Charity Cards where the charity receives a donation from the actual lending company behind the credit card for every application for the card they receive and a small percentage each time you make a purchase.

Balance Transfers: many credit card companies offer a zero percent interest on balances that you transfer from another card.

Store cards are the same as credit cards but generally with a high rate of interest. Frankly far too high on our view!
 

Here are some options with Current rates & APR (Nov 07)

  • 0% Balance Transfer Cards
    Virgin Credit Card 0% 15 mths 15.9%
    Egg Card 0% Until 01/01/2009 16.9%
    Abbey Credit Card 0% 12 mths 15.9%
    SonyCard 0% 12 mths 15.9%
    Halifax One Online Special 0% 12 mths 15.9%
    Lloyds TSB Platinum MasterCard 0% 12 mths 16.9%
    MBNA Platinum Plus 0% Until 01/12/2008 12.9%
    Capital One Platinum 0% Until 01/08/2008 9.9%
    Virgin Credit Card Special 0% 9 mths 15.9%
     

  • 0% Purchase Cards
    Halifax One Online Special 0% 12 mths 15.9%
    Capital One Platinum 0% Until 01/08/2008 9.9%
    MBNA Platinum Rewards Card 0% 9 mths 15.9%
    Virgin Credit Card Special 0% 9 mths 15.9%
    Lloyds TSB Platinum MasterCard 0% 6 mths 16.9%
    MBNA Platinum Plus 0% Until 01/03/2008 12.9%
    Abbey Credit Card 0% 3 mths 15.9%
    Virgin Credit Card 0% 3 mths 15.9%
    Post Office Platinum 0% 3 mths 15.9%
    Egg Card 0% Until 01/02/2008 16.9%

Definitions
 
 

 

  • 0% Balance Transfer and Purchase Cards
    Halifax One Online Special 12 mths 12 mths 15.9%
    Virgin Credit Card Special 9 mths 9 mths 15.9%
    Lloyds TSB Platinum MasterCard 6 mths 12 mths 16.9%
    MBNA Platinum Rewards Card 9 mths 9 mths 15.9%
    Capital One Platinum Until 01/08/2008 Until 01/08/2008 9.9%
    Virgin Credit Card 3 mths 15 mths 15.9%
    MBNA Platinum Plus Until 01/03/2008 Until 01/12/2008 12.9%
    Egg Card Until 01/02/2008 Until 01/01/2009 16.9%
    SonyCard 3 mths 12 mths 15.9%
    Abbey Credit Card 3 mths 12 mths 15.9%
     

  • Cash back Cards
    Shell MasterCard - Citi 6% rebate on fuel spend for first 60 days
    Abbey Credit Card 5% CB on supermarket spend before 31/01/08
    American Express Platinum 5% Moneyback for first 3 months
    Capital One Cashback 4% on all purchases in the first 3 months
     

  • Loyalty Reward Cards
    MBNA Platinum Rewards 1 point for every £1.00 spent
    SonyCard 2GB Sony MP3 Player when you spend £250
    Virgin Credit Card 10% instant discounts on selected products
    Lloyds TSB Airmiles Duo Get up to 1 Airmile for every £10 spent
     

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