Loyalty Credit Cards

The best way to avoid paying late credit card charges is to set up a direct debit from your bank account to pay the minimum payment.

You can always send other payments in the post or do bank transfers but to avoid late fees a direct debit is the best option.

Please remember though the minimum payment warning.

On evey Uk credit card statement they issue a Minimum Payment Warning

The Warning

“If You Make Only The Minimum Payment Every Month, It Will Take Longer And Cost More To Clear Your Balance”

A credit card Minimum Payment is the minimum amount a cardholder must pay to keep the account from going into default. Some card issuers will set a high minimum if they are uncertain of the cardholder’s ability to pay.

Most card issuers require a minimum payment of two percent of the outstanding balance

Looking for a credit card is a difficult choice, there are hundreds of credit cards all offering different deals.

You have loyalty Cards, low interest cards, cash back cards and reward cards.

The best loyalty credit cards need to have low interest rates on purchases and offer a reward.

You really want to shy away from any credit cards that charge an annual fee unless the benefits of the card outway the cost of the annual fee.

An affinity card is a credit card linked to certain organisations like charities, political parties and sports clubs. Every UK premiership football club runs there own affinity credit cards.

The organisation receives a donation from the card issuer for every credit card application, and a very small percentage based on the amount you spend, this money helps to buy new football players or help maintain the football grounds, or help youngsters train.

A Fraudulent transaction is an unauthorised transaction not done by the cardholder. Most fraudulent transactions happen while abroad on holiday or via internet fraud

An Expired credit card is a credit card that has passed its printed expiration date on the card. The Card will not work.

A Mastercard Card is a credit card that bears the Mastercard Logo.

MasterCard Worldwide is a multinational corporation based in Purchase, New York, USA.

Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its “MasterCard” brand debit and credit cards to make purchases.