Credit card companies are due for a bumper Christmas through consumer spending on balance transfer fees and no-longer-quite-attractive best rate deals, Which? has warned.
With the best rates averaging around 15 per cent, Christmas spending when you compare credit cards to cash could be an expensive affair.
There is no need to provide your credit provider with a big Christmas bonus however, when with a bit of judicious searching you can compare credit cards and find a best rate that lives up to the name.
When you compare credit cards with a sharp eye it soon becomes apparent that some are even prepared to pay you.
The Egg Money Mastercard for instance provides an one per cent cash back on all spending, which Egg has increased until December 10th.
The Sainsbury’s Bank Classic Visa is another card worth a look with a zero per cent best rate for the first ten months. And for customers who need a balance transfer best rate, HSBC MasterCard is offering nine months interest free.
“British shoppers are going to spend a packet this Christmas and credit card companies are rubbing their hands at the thought,” said Malcolm Cole of Which?
“But with the right card, you can get an interest-free deal or even cash back. Why not get them to give you a Christmas present for a change?”
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