Compare credit card offers before you make your decision

Tagged Under : Card, Credit Card

It’s really the best way forward.  And if you don’t compare you’ll never know how much money you could have saved, or what bonuses and rewards you could get your hands on.  Credit cards are all about getting what you can when you learn to use them properly.  Today i’m going to look at a couple of credit cards and do a very basic comparison…

RBS Credit card

  • 0% interest on balance transfers for 15 months (2.9% fee on the transfer amount)
  • 16.9% APR
  • 0% interest on purchases for first 3 months
  • Discount reward system on shopping, wine and travel

Egg

  • 0% interest on balance tranfers until Sep 2011.  This is also 15 months, just like RBS; Egg have just tried to make it sounds longer.
  • 17.9% APR.  Not as good as RBS,
  • 0% interest on purchases until October 2010.  Again this is the same as RBS and Egg are trying desperately to make it sound much, much longer.
  • Egg Cashback store.  This is a reward system that offers cashback on online retailers.  This is great if you spend a lot of money online.

So you can see from the comparison that basically the RBS credit card is better than Egg for a variety of reasons, not least among them should be the fact that Egg are trying to fool you rather pathetically!  And that is basically how you do a very basic credit card comparison.  More next time.

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