As Christmas fast approaches, millions of us will be hitting the internet and going on the high street for those essential seasonal gifts. But before you max out your credit card in the spirit of giving make sure you have the right card for your purchases.
Using a credit card will give you extra consumer protection and could save you money too.
Any items you purchase with a credit card is covered by Section 75 of the Consumer Credit Act 1979. This means that if there is a problem arising with your purchase – say it’s faulty or not fit for purpose as intended – your credit card company is liable along with the merchant that sold you the item.
Under Section 75 of the Consumer Credit Act 1979 you have due recourse with your credit card provider should the retailer not refund the item because they’ve subsequently gone into administration, or they do not respond to your calls and emails or it may be that you purchased the item whilst abroad.
Clearly, shopping and purchasing items with the right credit card can help you in the build up to Christmas. Use our table to get the best card for you. We have illustrated three brilliant examples below.
If you can pay your balances off, we recommend the American Express Platinum Cashback Everyday Card with 5% cashback during your first three months on up to £2,000 in purchases. After the first three months you’ll earn between 0.5-1.25% cash back dependants on spend. The interest rate is 19.9% on any outstanding balance.
For individuals who want to spread the cost of Christmas, the Halifax All in One credit card, could be the one to look at. Their 0% interest for 15 months, allows you to stagger the repayments. It also gives you 15 months 0% interest on balance transfers with 0.8% transfer fee.
Finally, if your credit rating is low, the Aqua Classic card is a good option. Credit limit varies from £100-£1600, with a possible review after 4 months. They also offer an interest free period of 51 days every month but with an APR of 29.7%, it definitely isn’t the best option for everyone.
Call us on 0800 977 5741 / 0203 4757 476 or fill in the contact form and we will find out for you – it’s a free service with no obligation. Remember you don’t want to get automatically rolled over by your current supplier. Let us help you by keeping your bills down.