Get smart with your interest
How to free yourself from interest
The best way to avoid paying interest on your credit card is to pay your bills on time. Credit cards all come with an interest free period on purchases. So, if you go on a shopping spree, you won’t start paying interest on your debt until about 40 to 60 days after your purchase.
Get an introductory interest free credit card
Some credit cards offer interest free introductory periods on purchases as a way to entice new customers. You may get up to one year at 0% interest, but after that you will have to start paying interest. So, make sure you check out the standard interest rate too.
Transfer your balance to an interest free card
If you want to move an existing balance you can take advantage of 0% introductory rates – you’ll have to pay a balance transfer fee, but you could still save a significant amount of money by getting a break from paying interest.
Need help finding an interest free card?
Not a problem. Compare UK credit cards with uSwitch.com and we will work out the best cards for you. By asking you a few questions we can figure out the best deals to match the way you use your credit card. So, whether it’s an interest free introductory period or other benefits that you want, we can help you find a credit card that suits your needs.