Taking the Credit for Credit Cards

cardguide.com.uk is an online website that provides a comparison guide of all the major credit cards available in the UK.

With regard to the hot topic of balance transfers, the above website recommends that one selects a credit card that offers 0% balance transfer and use it solely for its balance transfer feature. Do not make purchases on it. Why? This way, any repayment made to that card goes straight to repaying the balance transfer - and only the balance transfer. Make sure the balance is fully paid off before the 0% deal expires to avoid incurring interest charges, or transfer the debt remaining to another card.

There are also 0% purchase credit cards available. In a nutshell, these 0% credit cards offer you free credit for an introductory period before the standard annual interest reate is applied, in essence giving you a loan at 0% for a specified period of time before the credit card's standard rate kicks in. The "free period" ranges from 3 months to 13 months. My advise? Grab the 13-month one of course!