Secured Credit Cards

Secured Credit Cards

Post Office Credit Card

The Post Office credit card offers something quite unusual for its customers – a competitive standard rate for everyday spending and, for the bigger purchases, an even lower rate. The latter option is almost like a pre-arranged loan where you can have up to two purchases at a time (subject to terms and conditions) at a lower rate of interest.

How this works is that if you make a ‘big ‘purchase on your credit card – for example a TV – you pay for it as normal on your Post Office credit card and then give them a call. They should then be able to switch that particular cost to a lower interest rate and you have 12 months in which to pay it off!

The Post Office credit card has been a long time coming, as the Post Office has been offering other financial products, such as loans; equity bonds, premium bonds and other savings accounts; and, car, travel and home insurance - all for quite a while now.

And while there are around 16,000 Post Office branches nationwide, in most cases you don’t even need to go into a branch, you can apply online for many of their products and services.

There are three types of Post Office credit cards, designed to meet an individual customer’s needs. Overall benefits of the Post Office credit cards include:

Credit Card 0% Interest : credit card 0% interest ... credit card is one that is prepaid; as long as you maintain a positive balance then a positive history ... case of a reward card, your card may be operated on a points system where these points can be redeemed

0% Credit Card UK : apply for credit card ... don't clear your balance, the interest charged will wipe out any cashback gains ... small balance – although any financial expert worth talking too will say to pay off your credit card

Credit Card For Bad Credit History : the best credit cards ... will levvy a charge against you if you fail to pay your monthly repayment on time, with penalties usually ... is they are not as generous when it comes to purchases