Apply For Credit Card

The objective of this guide is to enable you to effectively and quickly compare the credit cards available in the UK and find the best card for your personal financial circumstances.

There are many different and often confusing type's of credit card - standard, gold, blue, black, platinum or possibly white! Previously there was a certain cache about carrying a gold or platinum card, however with the sheer number of card varieties and variation's this is no longer the case. Mostly there is very little to choose between them although some credit card companies will insist on charging a fee for a Platinum card, for example.

Credit Cards are one possible source for instant cash. You should be sure that the specific need for the money is applicable and that borrowing is suitably structured. Credit Card borrowing has a variety of advantages over other forms of personal finance:

A Credit Card allows you to preserve your cash and working capital. The Credit Card funds can be used for almost any purpose including paying off current debts taken out at higher interest rates or a pending balloon payment.

Credit Cards can provide you access to capital with minimal up-front payments and the flexibility to design a Credit Card repayment schedule suitable to your finances.

Depending on the credit rating of your company, the lender might require additional guarantees. These may be provided by you, your partners or your bank and could affect your personal credit rating or your standing with your bank.

The lender may require you to provide additional personal assets to secure the Credit Card. Under a security agreement (for personal property), if you default on the Credit Card, the lender is entitled to apply to the courts for permission to foreclose upon the asset and sell it to repay the money owed to them.

The lender may define a variety of events that will constitute a default on the Credit Card, including failure to make any payment on time, bankruptcy, insolvency and breaches of any obligations in the Credit Card documents.