What different types of credit cards are available?
There are various different types of credit card and it is important to think about how you will use your credit card and choose the one that best suits your needs: • Standard credit cards are available to anyone over the age of 18 who fits the lender’s borrowing criteria. You can settle the amount you owe in full and without interest within a given period of time, or pay off a portion of the amount and carry the remaining balance forward with interest. • Gold or platinum credit cards offer lower interest rates but are only available to those on higher incomes and may involve charges. They often come with added benefits such as free travel insurance. • Low-interest balance transfer credit cards can save you money on interest payments when you transfer your credit card debt. Some providers even offer introductory 0% interest rate deals. The introductory period typically lasts around 12 months and can sometimes be as long as around 16 months. Remember that the rate may only apply to bala
