Using a credit card responsibly is one of the most simple ways to build up your credit rating.

All Credit Cards

Virgin Money All Round Credit Card

Balance Transfer Rate & Duration
0% 27 Months
Annual Fee
£0
Representative APR (variable)
18.9% APR

Balance transfers 0% for 27 months then 20.9% p.a. (variable). Money transfers, 0% for 27 months then 22.9% p.a. (variable). Purchases, 0% for 27 months then 18.9% p.a. (variable).

Balance transfer fee 2.70% fee. Money transfer fee 2.70% fee All promotional rates start from the date your account is opened and apply to transfers made in the first 60 days. 5% handling fee will apply to any balance and money transfers made after the first 60 days.

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Lloyds Bank Platinum Balance Transfer Card (33 Mths)

Balance Transfer Rate & Duration
0% 33 Months
Annual Fee
£0
Representative APR (variable)
18.9% APR

0% interest on balance transfers. Get up to 32 months 0% interest on balance transfers made within 90 days of opening your account. 0.8% balance transfer fee. You’ll also pay only a 0.8% fee on balances transferred within 90 days of account opening, instead of the standard 3% fee. 0% interest on purchases. For 12 months after opening your account, get 0% on purchases made.

Other customers may be offered: 0% interest on balance transfers for the first 18 months, with a 3% balance transfer fee and 0% interest on purchases for the first 9 months, at a rate of 27.9% APR (variable).

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American Express Platinum Cashback Credit Card

Balance Transfer Rate & Duration
n/a
Annual fee
£25
Representative APR (variable)
28.2% APR

Enjoy a generous 5% cashback on all purchases you make for 3 months up to £125 cashback1. The only hard part is choosing what you’re going to turn all that cashback into. After the first three months of Cardmembership you’ll earn up to 1.25% cashback depending on how much you spend on the Card: Spend £0 to £10,000 and receive 1% cashback on all purchases. Spend over £10,001 and receive 1.25% cashback on all purchases

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Advantages of credit cards

Credit cards, when used responsibly and managed effectively, can be a flexible and convenient way to borrow money. 

Aside from their convenience, there are many other benefits to using credit cards, including security, emergencies, budgeting and much more. 

If you usually struggle with budgeting, credit cards can help you to keep track of what you’re spending money on.  Some providers will group similar charges such as groceries and utility charges so that you can see at a glance where your money is going. 

One of the main advantages of using a credit card is that it can improve your credit score when used regularly and responsibly. It allows you to build a solid credit history, which will demonstrate to lenders that you can be trusted to pay back other types of loan.  The stronger your credit history, the cheaper it is to borrow money so credit cards could end up saving you money in the long run. 

Depending on your card, you can benefit from other incentives such as airline miles, travel insurance, and discounts. They are also a huge help in case of an emergency situation where you need to make a large payment whilst waiting for your finances to come through. 

The best credit card deal depends on your financial situation, how regularly you can pay back the balance and how you want to use it.

FAQs about credit cards

How do credit cards work?

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Which type of credit card is right for me?

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Is there a limit to how many credit cards I can have?

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What will my credit limit be?

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What charges will I have to pay on a credit card?

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How long does it take to get my credit card?

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Why might I be rejected for a credit card?

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