Those who live in the United Kingdom and prefer to use a no fee credit card will be happy to learn that most banks in the country offer such products. Among these are HSBC, Tesco Bank, Halifax, and many others. Although many credit cards look like a good deal, it is wise to inquire whether credit cards come with penalties, high interest rates, and other features that do not work to the cardholder's advantage
One thing to look into is whether the bank is not recouping the annual fee in some way, for example, by charging a high interest rate. Then, does the bank charge more for going over the limit and defaulting on payments? The bank may offer credit cards with no annual fee, but you may not be able to benefit from a zero percent interest as part of an introductory offer.
It should be noted that derivatives and non-bank cards are usually featured with higher interest rates than standard credit cards. For example, you may incur a high penalty interest if you are late on payments, and cash advances may be offered with high interest rates.
It pays to shop around for credit card deals, looking at details such as bonus points, discounts on days out, experiences, and holidays, contactless payments for purchases, long introductory interest-free periods, and others. There are plenty of credit cards to choose from, and one is Platinum Simplicity, featured by Barclays Bank. Clients of Barclays who opt for this card get a 7.9 APR, no annual fee, and a 250 minimum credit limit. The card is featured with a reward program, and cardholders earn points at a number of participating retailers, including Spirited Wines, Pizza Express, Hawes and Curtis, and many others. Another no fee credit card is offered by Capital One. The Capital One World MasterCard is offered with no annual fee, purchase protection insurance, identity theft assistance, online banking, and other added benefits. The interest rate is set at 19.9 APR, and the credit limit is 1,200. The interest-free period is 45 days on condition that the balance is paid in full, and it applies to purchases.
The HSBC Bank Credit Card is another option to check, offered with no annual fee, 16.9 percent APR, no interest over the first fifteen months, applicable to balance transfers, and supplementary cards. This credit card is offered with a variety of added benefits, such as holiday discounts, online banking, 24/7 worldwide assistance, and more. Cardholders get up to eight percent off if they book a vacation package through the HSBC Travel Service. If their credit card is stolen or lost, cardholders can make emergency cash advances. There are many other offers to look into, and it is important to pay attention to all beneficial features that go with the card, including online fraud guarantee, free travel accident insurance, cash back, and many others. Some banks, for instance, Halifax feature the so called 'worthy cause' cards, offered to clients who would like to support a worthy cause.
One thing to look into is whether the bank is not recouping the annual fee in some way, for example, by charging a high interest rate. Then, does the bank charge more for going over the limit and defaulting on payments? The bank may offer credit cards with no annual fee, but you may not be able to benefit from a zero percent interest as part of an introductory offer.
It should be noted that derivatives and non-bank cards are usually featured with higher interest rates than standard credit cards. For example, you may incur a high penalty interest if you are late on payments, and cash advances may be offered with high interest rates.
It pays to shop around for credit card deals, looking at details such as bonus points, discounts on days out, experiences, and holidays, contactless payments for purchases, long introductory interest-free periods, and others. There are plenty of credit cards to choose from, and one is Platinum Simplicity, featured by Barclays Bank. Clients of Barclays who opt for this card get a 7.9 APR, no annual fee, and a 250 minimum credit limit. The card is featured with a reward program, and cardholders earn points at a number of participating retailers, including Spirited Wines, Pizza Express, Hawes and Curtis, and many others. Another no fee credit card is offered by Capital One. The Capital One World MasterCard is offered with no annual fee, purchase protection insurance, identity theft assistance, online banking, and other added benefits. The interest rate is set at 19.9 APR, and the credit limit is 1,200. The interest-free period is 45 days on condition that the balance is paid in full, and it applies to purchases.
The HSBC Bank Credit Card is another option to check, offered with no annual fee, 16.9 percent APR, no interest over the first fifteen months, applicable to balance transfers, and supplementary cards. This credit card is offered with a variety of added benefits, such as holiday discounts, online banking, 24/7 worldwide assistance, and more. Cardholders get up to eight percent off if they book a vacation package through the HSBC Travel Service. If their credit card is stolen or lost, cardholders can make emergency cash advances. There are many other offers to look into, and it is important to pay attention to all beneficial features that go with the card, including online fraud guarantee, free travel accident insurance, cash back, and many others. Some banks, for instance, Halifax feature the so called 'worthy cause' cards, offered to clients who would like to support a worthy cause.
About the Author:
Yorkshire Building Society in Britain is one of the top UK financial institutions. Learn interesting facts about other Banks in UK.
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