Whether you are on the lookout for a good balance transfer offer, or a credit card that rewards you for spending, take a look at the best on the market with this credit card update.
Inflation continues to put a strain on the nationís budgets, especially the high cost of fuel. If you are not in debt but could do with cutting your outgoings then a reward credit card could be the best choice for you.
Reward Credit Cards
Tesco Clubcard Credit Card
This credit card from Tesco not only offers card users good rewards for their spending, but it also has a 0% balance transfer period of 9 months and 0% period on all purchases for 15 months from account opening.
So if you have an outstanding balance but are also looking for a credit card to help reap rewards off your spending then this could be the card for you.
The Tesco Clubcard Credit Card also doubles up as your Clubcard so those who use it to spend in store will still receive points for doing so.
For every £4 spent on the card, users receive 1 Clubcard point, and when you spend £1 on petrol you receive 1 point.
MBNA Visa Card with Cashback
If it is cashback you are after then this Visa Card from MBNA could be a better alternative. This card gives customers 1.25 % cashback on all supermarket and fuel spending and 0.5 % cashback on all other purchases.
There is no cap, so no matter how much you spend you will earn cash for doing so. There is however no 0% balance transfer or purchase offer and the representative example p.a. variable is 18.9 % on purchases, so it is advised those who use this card set up a direct debit to pay off the balance each month in full.
Even though the Barclaycard Platinum card offers 20 months 0% interest free for balance transfers, this NatWest Platinum credit card offers 18 months 0% interest free for balance transfers and the APR variable is lower at 16.6%, compared to Barclaycardís 17.5%.
So if you can pay off your balance within 18 months this card is probably a better choice due to the lower APR variable you are charged on outstanding balances past this period.
There is also a 0% interest period of 6 months on purchases with this NatWest Platinum card and a 2.8 % balance transfer fee – this again is less than the Barclaycardís 3.2 % fee.
The Barclaycard Platinum credit card offering 18 months 0% interest free on balance transfers is another good deal.
Customers receive 10% cashback, up to £30, on all UK petrol spending made before 31st August, and a 0% period of 3 months for all purchases from account opening, with a 2.9 % handling fee for transferring balances.