The Wayback Machine - https://web.archive.org/all/20060207195116/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

Apply for a Virgin Credit Card
Apply for a Virgin Credit Card Take up our interest free transfer card. Typical rate of 15.9% APR (variable) on card purchases, 0% p.a on balance transfers for 9 months from the date your account is opened.

The Morgan Stanley Card - 0% Rate for 6 Months
The Morgan Stanley Card - 0% Rate for 6 Months An interest rate of 0% for 6 months on purchases and balance transfers. No annual fee. Online fraud protection. Card/payment protection. Online account management. Typical 15.9% APR (variable).

Capital One Credit Cards - Apply Online
Capital One Credit Cards - Apply Online Apply online for a Capital One Platinum or Classic credit card. 60 second response online. Click here.


Credit Cards
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
Post Office 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