Q: I owe £3000 on my credit card and I'd like to freeze the interest I'm paying on it for 6 months until I'm settled in my new job. Is there anything I can do?
A: Yes. Look at moving to a 0% Balance Transfer Card but make sure that the one you choose has an offer that lasts for at least 6 months.
Q: If I take out a Balance Transfer Card will I be charged a fee?
A: You may do, it depends on the card issuer. Compare all the cards on offer from the various providers and check the details carefully.
Q: I want to buy some furniture but need some time to pay for it. The shop doesn't offer an interest-free payment option, can I use my card for this?
A: If you have a 0% Purchase Credit Card then you can pay with your card and pay no interest, but only for the period offered by your card. The shop will get the money and the credit free arrangement is between you and your card issuer.
Q: I'd quite like to have a credit card in my team's colours as I've seen them around. Are they more expensive than a normal card?
A: Generally, Football Credit Cards have the same APR as standard cards and in fact often offer other benefits like reward schemes as well.
Q: I'd like to donate money to a particular charity but I don't have much spare cash. I've seen charity credit cards, how do they work?
A: It will depend on which charity you want to donate to, but, in general, once you sign up for the card a donation is made by the card provider and then every time you use your card a percentage of the purchase price is sent to the charity at no cost to you. As with all credit cards you should check that the interest rate and other details suit you.
Q: I run a small business of 8 people who often travel abroad. Administering the expenses at the end of the month is starting to become difficult. Could a business credit card help?
A: Yes. Having all transactions go through business credit cards can help a lot and most business cards often feature very good facilities and features. You would be able to give each of the 8 employees their own card and keep track of all spending. It will also help them to keep their personal finances separate from company business.
Q: It's good for me, but why is my new credit card company willing to take on my old balance at 0% interest for a year?
A: It's an incentive to change. You are a new customer to them and you may prove to be a very good customer in the future.
Q: I have had a CCJ against me and have been unable to get a credit card in the past. It does make it very difficult to buy things on the web, even though I have the money. Is there an option for me?
A: There are Credit Cards for Bad Credit that may be suitable. The APR on these cards is very high, but if you are buying online and then paying off your balance straight away you will also be helping to repair your credit rating.