A credit card is a way for borrowing money to pay for goods and services and then repaying the debt at a later date. There is no one card that is best for everyone, instead there are a range of different cards which are designed to meet the needs of different borrowers. From 0% purchase cards to prepaid credit cards, there is a credit card for everyone!

Credit cards are a popular method of borrowing money in the UK. Indeed, as opposed to other forms of borrowing, credit cards have a number of advantages. To begin with, a credit card is an easy way to borrow money. This makes them great for expensive purchases when you do not have the cash to hand. In addition, applying for a credit card is relatively simple. Even if you have bad credit history, you can still apply for a special credit card to borrow money and rebuild your credit reputation.

Another great advantage of credit cards is that they give you superior consumer protection, making them valuable for those who do a lot of internet shopping.

If you make a purchase of something more than £100 but less than £60,000, you will get a refund if something goes wrong such as the company going bust or if you receive a faulty item. Cash and debit cards do not offer this protection.

Credit cards are often a cheap way of borrowing money as many credit cards have 0% period which means that you can borrow the money for free, providing that you pay it back on time. This makes using a credit card a great solution to easing a temporary cash problem.

As well as allowing you to borrow money inexpensively, some credit cards come with great incentives which reward you for using your card. Incentives vary from card to card and provider to provider, but typical incentives include cashback, discounts, shopping vouchers and air miles.