Supermarket Credit Cards Are Often Interest Free Credit Cards

March 20th, 2009 by writer | No Comments | Filed in Press Releases

It is funny how people look at my Sainsbury’s and oddly when I use it to make purchases at other stores. I have no idea why they think that the card should be limited to just the supermarket. One thing they are probably unaware of is that many supermarket credit cards are also interest free credit cards. This incentive is usually short lived meaning there is a term set to the free ride on the interest but by switching cards from time to time a smart user can avoid almost all the extra charges. Supermarkets offer these great terms as an inducement to apply for their cards. Although the interest free period is usually only 6 months long it can still offer great savings. This is especially true when one needs to make a major purchase and would like a little time to save the funds for paying it off.

Supermarket credit cards and all the other kinds of cards are explained completely at CreditChoices.co.uk. Credit Choices has reviews about every credit card deal available in the UK with complete explanations of the terms and rates. You can even apply directly for credit cards from the Credit Choices site. This is far preferable to applying at your bank as with online credit applications you can choose a card that gives you a loan decision almost instantly. Before you apply for any credit card it is highly recommended that you research all of the cards available at creditchoices.co.uk.

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Supermarket Credit Cards – What Are They, And Are They Worth it.

February 26th, 2009 by admin | No Comments | Filed in Press Releases

The more the credit crunch bites, the more people look for extra ways to save money. One option open to consumers in the UK is to actually save money up when spending it. Whilst at first this may seem like an oxymoron, it is possible.

Most of the major supermarkets offer their own brand of credit card these days and, whilst int he past the cards on offer were merely ‘store cards’ used to store up points, these days you can find true credit cards on offer.

Some Supermarket credit cards these days even boast 0 balance transfers offers, and interest free purchases. What is more, some supermarket credit cards offer even better deals when you spend on the card in the store of origin. By origin we are talking within the same brand of store, not geographical location of course.

So, if you do tend to shop in a particular supermarket on a regular basis, you may well find it is worth applying for a credit card from that store. In return for your purchases you may find you are rewarded by earning far more in store points than you would normally acquire for the same shopping basket of goods bought for cash, or on another company’s credit card.

As with any application for credit though, you should fully compare your options before applying. A comparison website such as Creditchoices.co.uk can give you a great amount of information on anything from supermarket cards to adverse credit cards, and help clear the fog that all too often envelopes your credit options.

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supermarket credit cards

January 4th, 2009 by admin | No Comments | Filed in Press Releases

When times are tight the savvy save whereas those of us who don’t do our research will inevitably end up paying more. It is now possible to save whilst spending. As contrary as it sounds it is now possible. All the major supermarkets now offer a credit card. In the past we have been offered ‘store cards’ by many high street retailers. Typically, they offered extremely poor credit terms and could only be used in store. The cards offered by the supermarkets these days are conventional credit cards and many also boast 0 balance transfers and interest free periods.

Where supermarket credit cards have something more to offer is in-store. Using a model popular with store cards and loyalty cards, if you use a store credit card in the store they offer ‘points’ that ultimately translate to savings. So, if you use one store for all your family’s weekly shop and use the store credit card then the savings could soon add up. Though it is unlikely to help with early retirement, in tight times any saving is welcome.

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Instant Decision Credit Cards – A Good Buffer For Debt???

December 26th, 2008 by admin | No Comments | Filed in Press Releases

Financial management has always been a tricky task. Unless you are super-organised or terribly well-off, a certain amount of budgetry and cash juggling is required to ensure financial security and quality of life. With the deepening crisis on the world financial markets and the spectre of christmas benevolence threatening the limited reserves it may be a case of tighten the belts or rustle a plan of action. While inappropriate application of the credit markethas caused the crisis we endure it is possible to responsibly use the credit offered by the banks and supermarkets to your advantage over the christmas period to ensure everything goes with a bang yet remains affordable.
 
Interest free credit cards are well worth investigating this time of year as they offer some breathing space after the festivities to ensure the budget isn’t blown. There can be some hidden pitfalls with cards such as these as sometimes the provider will include caveats that mean some purchases or facilities will incur interest charges. Although fairly straight forward and perfectly legal you will find these details in the dreaded ‘terms and conditions’ part- not everyone’s favourite reading material.
 

Supermarket Credit Cards


 
Supermarket credit cards are also another area worthy of research, most of us will be be spending significantly more than usual in the supermarkets overchristmas, so why not get some rewards as you spend. The idea is pretty simple, many of the offers with supermarket credit cards match those of the typical providers but with added incentives for spending in store. If you were planning on spending the money anyway, why not use their card and reap the benefits then pay off the balance immediately. Conversely, as there are often interest free options you can budget to pay for the shopping before the interest free period ends yet still get the advantages of the rewards.
 
Though how to choose? With so many providers vying for our custom how do we sift the headline offers from the real value? The easiest way would be to use a comparison website like CreditChoices. They have done the hard work for you and you can judge the providers side by side with all the small print writ large. Whichever site you use it is wise to know how often the site is updated and tend towards a site that offers impartial advice so you can be sure your decision is informed and helpfull.
 
 
 
 
 
 
 
 

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Adverse Credit in Adverse Times

November 20th, 2008 by admin | No Comments | Filed in Press Releases

With the credit crunch impacting on all countries around the world, personal finances are not far from our minds. Many people have been using various offers from credit card companies such as 0% balance transfer cards and interest free cards for a set period. Though with credit in short supply and belts being tightened across many business models are these offers still going to be available and are they still a good idea?
 
The first question to answer is ‘are they still a good idea?’ In times of financial uncertainty a credit card with good terms can be an excellent way of smoothing out the demands on your finances over a month so you are never short and don’t have to pay large interest payments. If you aren’t clearing the balance every month and are creeping closer to your credit limit, you may be living beyond your means and will need to address this before you reach the limit. Long term borrowing on a credit card is expensive and not the most effective way of borrowing. If you have shifted a balance to a new card with an interest free period you can be saving a good deal in interest but you need to be certain when the period is over or you may have a nasty shock if the balance suddenly starts increasing. Now is also the time to be scrutinising the small print, because even great deals can have less than obvious pitfalls that quite legitimately make the providers more money. For example, check whether new purchases are also interest free or you have to clear the transfered balance first. This will be clearly stated in the contract you sign but the text might not be as large as the headline offer, and let’s face it few of us ever read the small print.
 
Two options well worth investigating are Supermarket credit cards and Adverse credit cards . As the supermarkets are doing a roaring trade at all times they can afford to be generous with the offers to turn shoppers into financial customers. Adverse credit cards are only worth considering if you have bad credit history and want to improve it. As the interest rates are around 35-40% you would be foolish to consider using one unless you intend to pay off the full balance at the end of every month. Though if you are responsible borrower you can quickly improve your rating and then be eligible for more favourable terms.
 
The simplest way to find out what is best for you is to use a comparison site like Creditchoices.co.uk here you will be able to view all the options side by side and use the articles on the site to ensure you select the best deal for you circumstances.
 
 
 
 
 
 
 
 
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