Recently, the internet has seen a huge influx in the amount of sites offering various methods to compare credit cards, and some even going as far as to offer interest free credit cards. Credit cards are such a lucrative business not because they simply lend money, but rather because they charge interest, and in the case of interest free credit cards, they will often come with enormous “fees†attached to the card. Such fees include late fees, over limit fees (when the amount allotted to your card is exceeded), payment processing fees, membership fees, and various fees dealing with currency transaction. Because of these fees, it is important to realize that an interest free credit card may not be the cheapest credit card for you and a bit of research is required to find the right match.
The site www.cardguide.co.uk/ offers many comparisons between different credit cards available in the United Kingdom, and highlights some of the important features of each card. Be sure to research a bit deeper though, as there is little information about the various fees associated with each card.
