Find and Compare Credit Card with The Money Pig!
Whether you’re looking for a credit card with a better interest rate or want to transfer a balance, there are several options available.
You can find the ideal credit card for your needs with The Money Pig!
The Easiest Way to find a
Great Credit Card Deal!
Tell Us About You
Let us know a little bit about you so we can help show you relevant credit cards.
Tailor Credit Card Deals to Your Needs
With so many different credit card options available, you need to take the confusion out of choosing one. Tailor your deals to the credit cards you’re interested in.
Check Your Eligibility and Apply
Many credit card providers let you check if they’ll approve your application before you apply, with no impact on your credit score.
Compare Credit Card in a Minutes
With just a handful of details, we can show you the credit card providers, interest rates, and deals that you might be able to apply for today. We’ll need you to tell us about:
Share your personal information like your name, date of birth, and email address.
Where You Live
We’ll need your address, address history depending on how long you’ve lived there, and your living circumstances, such as whether you’re a homeowner.
Your Employment, Income, and Expenses
Tell us what you do for a living, your household income, and a little about your outgoings.
How do Credit Cards Work?
You can use a credit card for several things, such as purchases or balance and cash transfers. If a lender approves your application, you will get a credit limit, which is the maximum balance you can have on your credit card at a specific time. Your credit limit can increase or decrease over time. When you get a credit card, the provider will decide your credit limit based on several factors, including your income, current debt levels, and credit score.
How Much Does a Credit Card Cost?
Most credit card providers will insist you set up a direct debit to make your payments. This helps you ensure you avoid late payments, which will usually lead to a charge, thus increasing your debt, and can have an impact on your credit score.
You will be able to choose whether to clear the full amount each month or make the minimum monthly repayment. While making the minimum repayment can be cheaper in the short-term, if you only make the minimum repayment, it can take years to clear your balance. If you only make minimum repayments for a specific period, your lender will send a letter explaining how long it’ll take to clear your balance at the current rate. The letter will highlight how extra payments would help. It will also show you how much quicker you could clear the balance if you made additional payments of a specific value.
What is a Minimum Reptayment?
Minimum repayments are typically between 1% and 5% of your balance, plus any interest added to the account in the last month.Your credit card provider will tell you your interest rate, which will reflect your credit score. The better your credit score, the lower your interest rate will be, although some providers may use additional criteria.
Your interest rate, minimum payment, direct debit date, and all other information relating to your account will be on your monthly credit card statement. Although it is still possible to receive paper credit card statements in the post, most providers encourage you to use e-billing. You can always print your statements from your online account should you wish to have a paper copy to hand. The date on which your credit card provider issues your statement at first depends on the date you opened your account. However, you will be able to change this to bring your direct debit in line with your other bills or the date you receive your salary. Typically, your direct debit date is around three weeks from your statement date.
Credit Card Deals and Promotions
Many credit cards offer promotions and introductory rates. For example, you can often take advantage of a 0% purchase or balance transfer offer when you open a new credit card account. Some providers will offer these at certain times during the lifespan of your account, typically if you’re not using your credit card. These can be a fantastic way to save money, but you should remain aware of any fees you must pay. For example, when transferring a balance, you typically pay a transfer fee of up to 4% of the balance you want to move. It’s also vital you know the end date of such promotions and clear as much of your balance as you can, or you could end up with a hefty interest charge!
How to Make the Most of Your Credit Card
You can make the most of your credit card by managing your debts smartly. If you keep your rolling credit card balance as low as possible,
and ideally zero, you can use your credit card with minimal interest costs.
Follow these tips to make the most of your credit card:
Do I Need a Credit Card?
No-one really “needs” a credit card as such. However, if you have a plan around your spending and use of credit cards, they can bring many benefits, including:
• A cost-effective way to spread the cost of big and expensive purchases.
• Earning cashback, air miles, loyalty points, and freebies.
• Give you consumer protection against goods and services not provided.
Depending on your reason for considering a credit card, you might also want to think about other finance options, like a personal loan or store finance.
Remember That Many Credit Cards Will Combine Features!
While credit card providers will highlight the key features and benefits of their cards to attract you to apply, many credit cards combine several of these anyway.
It’s worth deciding why and the type of credit card you’re looking for before you start shopping around, so you can find a product that fits your needs.
Start your search for your ideal credit card with The Money Pig today!
A once physio turned digital entrepreneur. Having made money in a lot of online models, I am focused on helping others achieve financial freedom, through not only making money, but saving money and investing money, so that you can live on your terms.