Credit Cards - Trio of new credit cards on the market - 16/06/2008

There are three new credit cards on the market, each one designed to suit a different need.

First up is Shell's new offering. Users will benefit from a 3% rebate on any fuel purchases at a Shell garage in Great Britain - and a 1% rebate on all other purchases, such as supermarket shopping.

It also offers an interest-free period of nine months on balance transfers for those with debt elsewhere but keen to move their money, and take advantage of this card's facilities. However, there is a 3% balance transfer fee for transferring your debt.

Next up is Sainsbury's new card. You can sign up in store or online for this brightly-coloured card, offering an interest-free period on balance transfers for 12 months - and also benefit from no interest charges for any Sainsbury's shopping for the same period.

This could be handy for those in the red and facing high interest payments on other cards, although beware of the hefty 3% balance transfer fee.

After this introductory period expires, the rate rises to a typical APR of 15.9%, which doesn't put it among best buys if you simply intend to use the card for spending. However, you can earn Nectar points to redeem on a variety of rewards, collecting 2 points for every £1 you spend. Hand over your Nectar card at the same time and collect an additional 2 points

The card comes in a choice of colours - raspberry, orange or blueberry, with a fruit design.

Lastly, we have Easyjet's new card. Whilst an airline may not be the most obvious port of call when looking for a credit card but that's just what easyJet is offering - and with a market-competitive proposition.

If you have existing debt on another card, easyJet offers a 0% rate on this balance for a period of nine months - though a balance transfer fee of 3% of this sum will apply. An APR of 15.8% will be charged on any remaining balance.

But the real benefit of the easyJet credit card is reserved for frequent travellers who will receive an automatic 4,000 airmiles for free in return for spending £250 on the card in the first three months. This can be used to pay for a flight costing up to £40 inclusive of taxes.

And the air-related perks don't stop there. During the same three months, you will also earn 1 mile for every £1 you spend on the card, 2 miles for every £1 you spend overseas and three miles for every £1 you spend easyJet flight - up to a maximum spend of £1,000. This is perfect if you are just about to book your summer holiday - especially as the card automatically provides up to £100,000 travel insurance cover when travelling abroad.

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