Compare Best Overall Credit Cards
0% on Balance Transfers
0% on Balance Transfer credit cards, are cards that offer to charge you no interest for a fixed amount of time on balances transferred from another credit card. However, usually there is a balance transfer fee involved in this.
The fees usually range between 2% and 3% of the balance you intend to transfer and the fixed rates usually range from anything between 6 months and 18 months.
0% on Purchases
0% on Purchases credit cards, are cards that offer to charge you no interest for a fixed amount of time on purchases made using that card. However, this usually does not include cash advances (using your credit card in an ATM to obtain cash).
The 0% on Purchases introductory rates does not usually last as long as balance transfer introductory rates. These usually range between 3 and 9 months.
Low Rate Of Interest Credit Cards
Low rate of interest cards usually have a low variable rate permanently. The rate is generally low in comparison with other cards. This type of card is ideal if you prefer not to switch to an introductory rate card over and over.
Reward Credit Cards
Reward cards include, credit cards offered by supermarkets for loyalty points, air miles cards, and other types that either reward you with cashback, points, or other benefits.
The most common sense way to use reward credit cards, it to use them frequently to get the maximum benefit, and to make sure you have the capacity to pay off the balance in full at the end of every month.
Cashback Credit Cards
Cashback credit cards usually offer money back on your purchases.
As with reward cards, the most common sense way to use cash back credit cards, it to use them frequently to get the maximum benefit, and to make sure you have the capacity to pay off the balance in full at the end of every month.
Poor or Adverse Credit Cards
Adverse credit cards are credit cards usually reserved for people who have a less than favourable credit record. Some consumers are also in the position where they have not had the opportunity to build up their credit rating.
This type of card usually carries with it a high rate of interest. It is strongly suggested that anyone who has one of these cards, pays off the full balance at the end of every month as not to incur interest.
Business Credit Cards
Business credit cards are primarily used by businesses and organisations to keep track of expenses. These are usually held by employees or executives of a company.
Travel Credit Cards
Travel credit cards offer many benefits to the regular traveller. They reward you in many ways, they can offer benefits ranging from 0% travel related commissions, reduced fees for bookings, also they can reward points such as air miles.
Prestige Credit Cards
Gold and Platinum credit cards are usually only issued to individuals who have an excellent credit score and have a good income. Usually they have the benefit of carrying rewards and have much higher lending limits in comparison to other cards.
