Basic Credit Card

ebs1980

Hi
I want a credit card where whatever i spend on it i will pay off in full each month. Does it really matter what card i then get if it'll be paid off each month?

I don't really use it, it's just for the security of paying via the credit card that it'll be used for.

Thanks
Chris

jonesMUFCforever

If you will be paying in full each month you are right in saying any card will do, however why not use your spending to get cashback or rewards for free?

Anthorn

ebs1980 wrote: »

Hi
I want a credit card where whatever i spend on it i will pay off in full each month. Does it really matter what card i then get if it'll be paid off each month?

I don't really use it, it's just for the security of paying via the credit card that it'll be used for.

Thanks
Chris

Yes it does matter. If you want to escape paying interest by paying off in full you should look at the terms of the card to see if there is an interest free period. If not then you will pay interest from the day of purchase even if you pay off in full by the due date. In this case you would avoid for example TSB Advance Mastercard.

The APR doesn't matter if you do in fact clear the balance every month. But if you fail to do that and have a high APR card you're going to be hammered for interest.