Think about the way you use your credit card
Credit cards are used by different people for different things, and how you use them may impact on your attractiveness to card issuers when applying for cards in the future.
Some holders use their credit cards for everyday spending, paying off the entire balance at the end of each month or when it is due. By using their cards in this manner they don’t pay interest charges. Almost two-thirds of UK credit card holders clear their balance each month and if the card they use is tied to a loyalty scheme it is a good way to maximise the amount of points, air miles or other scheme benefits they collect, at no charge.
Other credit card holders may not use their cards for purchases at all but instead use them as a source of cheap borrowing; transferring one interest-free balance to another card in order to fund a prolonged period of borrowing at no cost.
