Credit Cards - What is a credit card?

 
 
 

Below we have outlined the most common questions asked about credit cards.
Please click on a question to get the relevant answer.

What is a credit card?
What is an APR?
What is a credit check?
What happens if I am late to make a repayment or can’t repay a debt?
Which credit card should I choose?
Where can I get a credit card?
What is section 75?
Can/Should I use my card abroad?
What if someone steals my card?

What is a credit card?

A credit card is very much like a bank card but instead of giving you access to your money it lets you borrow money. The idea is that you can make purchases that you would usually have to save up for immediately and then pay off the debt in monthly payments.

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Credit Card News Latest News
10/10/2008 - Low card repayments may cause more harm than good. New research has shown that those in credit card...
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08/10/2008 - "Anchoring" causing credit debts. According to a university study, credit card holders are...
Read More
07/10/2008 - Banks are now being careful due to credit cards crisis. In New Delhi, (India), the credit crunch is forcing...
Read More
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