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The top UK credit cards

Credit cards are a necessary piece of plastic for most households and used properly they can be a useful line of credit. Not only can credit cards help you make purchases, they can help build your credit if you clear the balance each month and on time. Before comparing the best UK credit cards, you will need to work out what you are going to be using your credit card for and when. Some people keep a credit card for emergencies only, others use them to make solely internet purchases, while many people transfer the balance of an old credit card on to a new one to take advantage of a better interest rate.

The Capital One classic is unofficially one of the best UK credit cards for people who have a poor credit history. With a relatively low opening credit limit, customers are encouraged to improve their credit rating by paying their bill on time. After six months of keeping your account in good standing, Capital One will consider increasing your credit limit. Their interest rates are one of the highest at 34.9% APR but you do have a chance to move to a lower interest rate, once your card has been in use for around 12-months with no late or defaulted payments.

The MBNA transfer credit card offers a 0% interest rate on balance transfers for 20 months. Meaning when you transfer a balance from one credit card to the MBNA card you will pay zero interest on it for the next 20 months. This is a great way to save money by reducing your repayments. The Tesco Clubcard credit card is relatively new in the list of the best UK credit cards, however, it has many worthwhile benefits for the right customer. It has a 0% APR rate for balance transfers for nine months and 0% interest on purchases for an incredible 15-months. You can also earn clubcard points and gift cards on your purchases, which can be redeemed later in a Tesco store of your choosing.

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