Compare credit cards
Whatever type of credit card you’re
looking for our Smart Search can help:
We’ll show you cards likely to say YES
Searching WON’T harm your credit score
Fast and easy to use
Compare credit cards
Compare more than 100 credit cards instantly and find top deals on: 0%
balance transfers, 0% purchases, cashback and rewards. Plus get exclusive deals you
can’t get anywhere else.
Why should I use Smart Search
Using Smart Search makes you less likely to be one of the millions of people who get declined for credit cards every year. Smart Search shows you which cards you’re most likely to be accepted for, so you can avoid the ones that are more likely to decline you. Getting declined can damage your credit score, and this makes it harder to borrow money in the future.
How does it work?
Why do I have to give you my personal information?
How long does it take?
Why can’t I just look at a list of cards?
Credit cards. Trust us to explain them simply
0 balance transfer credit cards
0 purchase credit cards
Low fee balance transfer credit cards
Credit cards for bad credit
Credit Builder credit cards
Balance transfers and purchases
Reward credit cards
Overseas spending credit cards
Low rate credit cards
Money transfer credit cards
Airline credit cards
Cashback credit cards
Credit card calculator
No-fee balance transfer cards
Which kind of credit card is right for you
Choosing a credit card
Premium Credit Cards
Interest free credit cards
MoneySuperMarket s exclusive credit cards
Platinum credit cards
MasterCard credit cards
Buying Mood Index
Why use a credit card
What type of credit card is best for me
What is a balance transfer
Guide to credit card protection
What is a good credit score
A guide to student credit cards
What is a credit card
The advantages and disadvantages of credit cards
Will I be accepted for a credit card
Explore more credit cards
Credit card companies
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Frequently asked questions
It’s hard to imagine life without a credit card as these days you can use them almost anywhere, anytime. Perhaps you want to splash out in the sales, treat your family to a holiday or maybe indulge in some online shopping. There’s no doubt that credit cards can be a quick and easy way to pay for a wide range of goods and services. Plus, you can spread the cost over several months, allowing you to budget. But picking the right credit card can be confusing as there are so many different deals on the market. Our guide explains how credit cards work – and how to select the right card for you.
What is a credit card?
A credit card is basically a loan, but if you clear your balance in full when you receive your monthly statement, the loan is interest free. If you can’t afford to pay off the outstanding debt, you can make monthly payments, but you will normally be charged interest. The rates vary, but 19% is typical.
Credit card comparison
When using our credit card comparison tool, decide what you are going to use the card for. You can choose between balance transfer cards, purchase cards, money transfer cards, cards that reward your spending and cards to use abroad
- 0% purchase cards: enable you to buy items upfront, while paying off the amount you’ve spent over a stated period without incurring any interest charges.
- Balance transfer cards: enable you to transfer an existing credit card balance to a new card that charges less interest.
- Reward cards: – these cards offer cashback or loyalty points.
If you want to use a card for shopping, there’s little point in applying for a 0% balance transfer rate. Shoppers should search for a deal that offers a low rate on purchases. Some cards, for example, charge 0% on purchases for a number of months, and they can be a cost effective way to pay for a big ticket item, such as a washing machine or sofa. If you clear the debt before the 0% deal expires, you will pay no interest whatsoever.
Low rate cards are better suited to people who are not able to pay their balance in full each month. There is no introductory interest rate offer. Instead, you will pay a relatively low rate of interest for as long as it takes to clear your debt.
People who have run up debts on another card or cards at a high rate of interest can save money with a balance transfer deal. Let’s say you have accumulated debts of £3000 on a card that charges interest at 19%. If you switch the outstanding balance to a card that charges 0% interest for 24 months, you can instantly cut the cost of your debt.
Reward cards are ideal if you pay off your balance every month as the interest rate is irrelevant. You can therefore look out for a card that offers cashback or loyalty points.
Pros and cons of credit cards
Credit cards can be a great way to pay for goods and services without having to stump up the money upfront. You can even use your credit card like an interest-free loan, allowing you to borrow money for free. You also get some protection under the Consumer Credit Act if you buy something with a credit card.
But let’s not forget that it’s easy to run up expensive debts with a credit card, especially if you pay off only the minimum balance each month. You can also get into financial difficulty if you don’t stick to the rules. For example, most companies charge a penalty if you miss a payment, make a late payment or breach your credit limit. Bear in mind, too, that most issuers reserve their best deals for people with a spotless credit record, so your application could be turned down.
Find the right credit card
The best credit card for you depends on whether you will pay off your balance each month and how you intend to use the card. Smart Search will ask you a selection of questions to help determine which type of credit card best suits your needs, without leaving a mark on your credit file.
There are hundreds of different credit card deals but you can compare all the leading offers quickly and easily with Moneysupermarket’s online service. So, whether you want to switch a balance or you are looking for a 0% deal on purchases, we have all the information you need at the click of a mouse.
Moneysupermarket is a credit broker – this means we’ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.