Credit Cards

Which credit card do I choose? This is probably the most asked question when it comes to banking solutions and credit cards. Credit cards are a great way to limit the amount of tangible cash being held as well as being really the most cost effective way to shop online. Late fees and excessive interest can be a thing of the past if you follow some simple and smart credit card practices.

Here are some techniques to avoid accruing interest on credit cards, whilst still taking advantage of the privileges a credit card has to offer:
- Look for a credit card with zero annual fees and the longest possible interest free period.
- Only spend what you know you will be able to pay back at the end of the interest free period
- Ensure you know when your interest free period begins and finishes, set up internet banking so that your credit card provider will send you automatic reminders so you don’t get hit with late fees and interest payments outstanding.
- Use the Interest free periods to your advantage. Think about the interest you could accrue from another investment or bank or building society during the interest free period!