| |
Credit card UK: Some extra edge with easy cash
By Josephine Wingfield
Undoubtedly it can be said that the credit card industry in the UK is mushrooming day by day. More and more people in the UK are willing to use plastic money instead of cash. But why should one use credit card? The pros and cons of credit card in the UK are mentioned below.
Pros of credit card:
•Every time, carrying extra cash is not possible and it is unsafe as well. In such cases, use of the plastic money is more secure and safe.
•Nobody knows how and when monetary urgencies knock our door. For meeting those, one may not be prepared. In such cases, a credit card works perfectly. It assists the UK people in arranging cash instantly.
•Using a credit card is a cost effective option. With this option, users can easily avoid annual fee. So, choose a credit card that is available without any annual fee and at the same time try to clear your full balance every month. It will assure you to be profitable.
•When it comes to the assurance of 24 hours cash availability, the significance of a credit card is truly unavoidable.
•Various companies in the UK offer the facility of interest free credit cards. With this facility, a user can use this card without being worried about the interest rate for a certain period of time.
•In case of short term financial assistance, a credit card can be a better choice than any loan. In such cases, you need to pay only the interest rate on your outstanding debts.
•Unlike debit card, a credit card follows consumer credit act. As per this act, incase if you face any problem with your purchased thing or service, your credit card company will return you the amount, if you do not get it from buyer.
But do not get indulged in a credit card. Before availing a credit card, you must be aware of its cons as well. It is seen, in the UK, consumers face credit card debt problem. Since, with a credit card, a user can spend without any limit; hence falling into debt trap is possible in this option. So, it is advisable not to be extravagant with a credit card. Sometimes, the credit limit may not be matched with your necessities. In case of foreign exchanging, a credit card may be expensive too. Some hidden costs may be charged on your credit card. So, individuals in the UK are advised to do some research before availing a credit card. It will help them to get the optimum benefits.
About the Author
Josephine Wingfield is an expert credit advisor. She can give you some useful information regarding credit cards. She has done higher studies in finance from Cambridge University. To find credit card, Credit card UK, balance transfer cards, cashback credit cards, gold credit cards, platinum credit cards, business credit cards visit http://www.creditcardsz.co.uk/
Article Source: http://www.simplysearch4it.com/article/49826.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/49826.html" as shown above and make it hyperlinked. |
| Some other articles by Josephine Wingfield | Cheap Credit Card: Make It Possible…With Ease
The advantages of a credit card are truly unavoidable. Suppose you want to buy something hurryingly or you need money urgently, ...
Low interest credit card: How can you make it possible?
Nowadays, excessive usage of credit cards has set its demand on the top gear. Various credit card companies, banks are selling their credit cards with attractive perks and offers. In such circumstances, finding a low interest credit ...
Business credit card: A new dimension for financing business
If you are a small or medium sized business owner, you will get a host of advantages with a business credit card. Yes, a business credit card is a ...
How Can you Apply For Credit Card?
Instant payment facility and all time availability of cash- these two have made the credit card an efficient financial partner. Whether you want to make some instant payment or meet financial urgencies, a credit ...
Prepaid Credit Card: When You Need Some Control On Expenses
Many a time, it is seen that people become extravagant with their credit cards. And the ultimate result…debt burden! In such cases, a prepaid credit card ...
Credit Card: The Plastic Money Can Do Wonders
In the market, suddenly a dazzling dress has grabbed your attention. The dress is so elegant that you have liked a ...
|
|
| |
|
