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Credit Cards
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We recommend steering clear of credit cards unless you have a regular income but devils that you are we know you'll be tempted (or forced) into it.... At least with our help you might not get shafted We do admit that credit cards can be useful in emergency situations, and they also give you enhanced protection against faulty goods under Section 75 of the Consumer Credit Act. So what is a credit card? Credit cards are a way to make purchases using borrowed money, which must then be paid back within a set time (depending on the provider) or you will be charged interest. The time between when you buy something on the card and the date when you must pay your monthly bill can be 50 days or more and is interest free. So if you settle your bill in full every month, it's free borrowing- if you don't, you'll pay interest. THEREFORE ONLY SPEND WHAT YOU CAN PAY BACK IN THE SCHEDULED TIME! Please put some thought into which credit card you choose- it's worth noting that the best ones don't necessarily give away free popcorn makers at freshers fairs. Remember, the higher the APR the more you'll be charged if you don't pay your bills on time. Most student account providers will also give you the option of having a credit card. Although mainstream providers tend to cap the limit at £500, they can charge almost 20% interest - so, unless you can clear the balance in full, keep the card for emergencies- a credit card is not an extension of your overdraft!
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American Express American Express Platinum Cashback
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Apply before 26/7 and spend £1500 in the first 3 months and get 40,000 Membership Rewards points (enough to whisk you away to New York)!
Big spender? Every time you use your card, this card rewards you with cashback to spend how you please. In fact, the Platinum Cashback Credit Card boasts the highest introductory cashback rate* on the market. You receive 5% cashback in your first three months up to £1002. After that, you'll be rewarded with up to 1.25% cashback, with no limit on how much you can earn. Apply and you'll get a decision within 60 seconds.
They charge 18.9% APR and on balance transfers so only spend within your means!! Winner at the uSwitch Credit Card Awards 2008- 'Best Overall Customer Satisfaction.'
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Virgin Money Credit Card The card that gives you plenty of breathing space
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Free Travel Accident Insurance! Use your Virgin Credit Card to pay for your travel tickets in full and you'll automatically be covered for up to £250,000 if you have an accident while travelling to or from your destination!
Our favourite credit card by far as you get 0% for 14 months on balance transfers (from the date your account is opened- transfers to be made within first 60 days and a 2.98% handling fee applies). You also get 0% for 3 months on card purchases (from the date your account is opened) PLUS discounts at loads of Virgin companies as well as vouchers for leading high street stores. Typical rate 16.6% APR (variable).
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Bank of Scotland All in One Card Looking for an offer on balance transfers and purchases?
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You can even choose you favourite colour with a choice of Black, Pink, Red, White and Blue
With the All in One Card you can benefit from 0% for 10 months on purchases and balances transferred (3% fee and a typical 15.9% APR (variable). Plus, there are the following great extras: No annual fee, up to 59 days interest free credit on all purchases if the balance in full in paid off each month, cover against online fraud when purchasing on the Internet, card replacement if lost and around the clock service- so no worries if you call up drunk at 3am having lost your card somewhere...
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Halifax All in One Credit Card
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Fancy a pink credit card? Halifax can sort this for you!
This is basically the same card as the RBS All in One card. With this card you can benefit from 0% for 9 months on purchases and balances transferred (3% fee and a typical 15.9% APR (variable). Plus, there are the following great extras: No annual fee, up to 59 days interest free credit on all purchases if the balance in full in paid off each month, cover against online fraud when purchasing on the Internet, card replacement if lost and around the clock service- so no worries if you call up drunk at 3am having lost your card somewhere...
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HSBC Looking for a great deal on a credit card?
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HSBC is one of the largest personal credit card issuers in the UK with one of the most competitive credit card offers on the market.
You could get 0% on purchases for 3 months from account opening, and 0.5% on balance transfers for 15 months. Typical 16.9% APR variable. Conditions and a 2.9% balance transfer fee apply (minimum £5) Please note that this card is available to existing HSBC Bank Account customers only.
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E-Platinum Plus Low interest rate merchandise card
A merchandise card offer with guaranteed approval for all credit types. With E-Platinum Plus, you can gain access to thousands of branded, quality products. The key feature is that the E-Platinum Plus card comes with a lifetime 0% APR and a credit limit of £5000 for all card members. To apply there is an easy 60 second, one-page application form with quick online approval.
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