Mortgages

Standard Classic Card

credit card A standard credit card is normally the first credit card that you will apply for. It has a low entry level regarding personal income and most credit card providers expect a mimimum of £10,000 annual salary. To apply for a credit card in the UK you must be 18 years of age.

When applying for your first credit card you can approach any issuer and not just your own bank. It is best to check the latest incentives offered by the whole of the market and to do this is easy.

Below we have a link to a comparison table showing you todays best buys. Some credit cards will offer a 0% interest rate on purchases for the first 6 months. Ideal as long as you look to repay the balance before the 6 months because the debt will revert to their standard apr which can be higher on a Standard Classic Card whether it is a Visa or Mastercard.

 

compare credit cards You may be interested in a student credit card. Although they tend to charge a slightly higher rate of interest it is a way to build your credit rating and the incentives to apply for such a card include railcards, record and book tokens.

Nearly all credit card providers have an intoductory incentive or low start rate to encourage you to sign up. Some savvy people switch cards as deals expire but remember each time you make an application for a credit card you leave a "foot print" on your credit history and too many applications for finance of any nature can harm your credit rating if made in a relatively short space of time.

Compare Latest Credit Card Best Buys

Get Your Free Mortgage Quote Here