Credit cards for bad credit
Credit cards for people with bad credit rating are available online right now.
Simply compare bad credit credit cards advantages and disadvantages and then select the one for you.
Listed are credit cards, guaranteed approval and with rates as low as 29.7% which can be acquired even if you have adverse credit history.
Credit cards even with adverse credit
Welcome to AnnieGrace.co.uk, a website that compares all the credit cards currently available for those with less than perfect credit. By comparing all the card options available to you, you can decide which card fits your requirements and circumstance. A credit card is intended for fast access to credit. Simply choose a suitable card and then complete the application process for an instant decision.
At AnnieGrace.co.uk you will find the most reputable and direct credit card providers listed allowing you to compare at your leisure. These days more and more people are turning to credit credit cards to remedy their short term financial difficulties or simply to make convenient and easy purchases.
Our listed credit card providers all have their pros and cons listed so that you can easily compare using the easy to read table. Once you have made a decision you can apply directly and find instant approval.
Did you know you can actually improve your credit history by using these types of cards listed here? As long as you regularly use the card and make your payments on time, your credit rating will improve.
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Credit cards come out on top for short-term personal loans
The news has been full of the ups and, more importantly, the downs of personal loan interest rates recently. The cost of borrowing for these loans is at their lowest in almost seven years, so it’s no surprise that lots of people are turning to personal loans for all their lending needs. However, recent reports suggest that if you’re thinking of borrowing a smaller amount of money, you could be better off with a credit card.
Lenders such as Sainsbury’s Bank, the Derbyshire Building Society, Barclays and the Clydesdale and Yorkshire banks are now offering personal loans with impressively low interest rates. The lowest interest rate on a personal loan available on the market right now is from Sainsbury’s, which offers a rate of 5.8% on loans repaid in less than three years. However, the other lenders mentioned above have rates of 5.9% on personal loans.
Don’t be fooled into taking out a loan just yet, though. These low-interest personal loans are designed for terms of up to seven years, and offer sums of money between £7,500 and around £15,000, with the highest amount available being £25,000 from Barclays.
On the other hand, if you’re looking for a smaller amount of money, then you could get hit with incredibly high interest rates. For example, on a loan of £3,000 from Sainsbury’s, which offers the smallest amount of interest on loans between £7,500 and £15,000, you could find yourself paying up to 14.8% interest. This means that on your loan of £3,000, you could end up paying £733.29 in interest charges.
So what can you do if you’re looking for a smaller loan? Figures suggest that credit cards could be the way to go. Lots of credit cards offer 0% on purchases, and new figures from Which? suggest that credit card companies are introducing longer 0% interest periods.
Which? have found that there are 13% more credit cards available to consumers than there were at this point in 2009, meaning that there is a higher chance that you’ll find something tailored to suit your needs.
What’s more, the same studies found that the longest 0% interest on purchase deals have terms have increased from 12 months to 18 months. Additionally, the longest term for 0% on balance transfer is now 22 months, up from 16 months.
0% interest on purchases is the deal you need if you’re looking to borrow a relatively small amount of money. 0% on purchases means that, when you use your credit card to buy something, you will only repay the amount that you’ve borrowed – and you won’t have to pay any interest. As a result, if you need a smaller amount of money, and can pay it back relatively quickly, 0% on purchase credit cards are ideal.
The thing to look for with these deals is the length of the 0% period. Obviously, lenders can’t offer you 0% on purchases forever, as they need to make money somewhere, but some lenders offer longer terms than others. Some of the longest terms available on the market today are from NatWest and RBS (18 months), Tesco (16 months), M&S and Halifax (15 months) and Barclaycard (14 months).
As you can see, the restraints on the length of time you have access to 0% on purchases tend to be quite tight, so make sure that you’re able to pay off your debts in full before the time period ends – otherwise, you could end up being hit with high interest rates, which is exactly what you wanted to avoid in the first place.