The Wayback Machine - https://web.archive.org/all/20050412214755/http://www.findcreditcards.co.uk:80/credit-card-rates.html
Find Credit Cards Logo

Credit Cards 
Credit Card Rates
Credit Card Balance Transfers 
Cashback Credit Cards 
Interest Free Credit Cards 
Fraud Protection 
Providers

Credit Card Rates

There are several different methods adopted by credit card issuers for calculating the applicable credit card rate.

The most common calculation of the rate is to charge interest each month on the outstanding balance of between 1% and 2%. This equates to an annual percentage rate of between 13% and 25%. Some credit card issuers offer lower rates of interest for higher usage of the credit card facility. Also some companies make annual charge for issuing the cards, which should be taken into account when making a decision of which card to apply for.

The APR or annual percentage rate on credit cards is much higher than the interest rate charged on personal loans and mortgages. This is because the original intended use of a credit card was to cover short term borrowing requirements perhaps until receipt of a monthly pay cheque or for periods up to 6 months. In these circumstances although the interest rate is high the actual cost should not be a burden because of the short time the money is borrowed for. With a personal loan the minimum term is 1 to 3 years and with a mortgage the borrowing is usually long term, say, 20/25 years. With the latter the loan is secured on property and therefore the risk is lower from the bank's point of view.

One advantage of purchasing goods using a credit card is that there is an element of interest free borrowing because most credit card companies do not start charging interest until the due date for payment, which is shown on the monthly credit card statement.




Credit Cards

Capital One credit cards. Apply online
Capital One credit cards. Apply online Apply online for a Capital One Platinum, Premier or Classic credit card. 60 second response online. Click here.

One low rate MBNA credit card
One low rate MBNA credit card With a typical rate of 6.9% APR (variable) on all card purchases and balance transfers the MBNA Platinum Credit Card is the obvious choice for the long term. Click here to apply.

MINT credit card - apply online
MINT credit card - apply online Great low rates on purchases and balance transfers, cashback and the choice of the mc2 card. Apply online now for an instant decision.

Compare credit card deals online
Compare credit card deals online At Money Expert you can compare leading credit card deals to find the best deal available to you. Visit us today.

Morgan Stanley Credit Cards UK
Morgan Stanley Credit Cards UK Up to 2% Cashback Bonus & 5.9% p.a. for life on Balance Transfers. Typical 15.9% APR (variable). Click here for more details.


Credit Card Providers
Abbey Credit Card
Accucard Credit Card
Alliance and Leicester Credit Card
American Express Credit Card
Argos Credit Card
Arsenal Credit Card
Bank of Scotland Credit Card
Barclaycard Credit Card
Birmingham Midshires Credit Card
Birmingham City Credit Card
Cahoot Credit Card
Capital One Credit Card
CapitalOne Credit Card
Chase Credit Card
Cheshire Building Society Credit Card
Citibank Credit Card
Clydesdale Bank Credit Card
Co Op Credit Card
Easy Money Credit Card
Egg Credit Card
Halifax Credit Card
Halifax One Credit Card
HFC Credit Card
HSBC Credit Card
Intelligent Finance or IF Credit Card
Leeds and Holbeck Credit Card
Lloyds Credit Card
Loughborough Building Society Credit Card
Manchester United Credit Card
Marbles Credit Card
MBNA Credit Card
Melton Mowbray Credit Card
Mint Credit Card
More Credit Card
More Than Credit Card
Morgan Stanley Credit Card
Nationwide Credit Card
Nectar Credit Card
Newcastle United Credit Card
Rangers Credit Card
Reading Credit Card
RSPCA Credit Card
Saga Credit Card
Sainsbury Credit Card
Smile Credit Card
Tesco Credit Card
Ulster Bank Credit Card
Virgin Credit Card
Waitrose Credit Card
Yorkshire Building Society Credit Card