When you first arrive on a comparison website, you’re likely see what’s known as a ‘best buy table’.
A best buy table highlights the most competitive credit cards on the market, as assessed by a particular website.
But these best buy tables might not reflect all the products available on the market.
It’s always a good idea to use more than one comparison table to help inform your decisions.
The information in a best buy table will usually include:
- the name of the card
- the annual percentage rate (APR)
- any 0% introductory offer on purchases made on the card
- any 0% interest period offered on balances transferred onto the card
- the fee charged for any balance transfer from another card
- any annual or monthly fee for having the card
- any rewards associated with the card, such as cashback or loyalty points
- any basic qualifying criteria for being accepted for the card – for example, an annual salary of more than £15,000.
The information in the table should help you work out which card most suits your needs.
But it might not include everything you need to know. For example, it might not make clear which interest rates apply following an introductory period, or how much is charged on cash withdrawals or overseas transactions.
The website might provide an indication of likely eligibility for the card. But this isn’t a guarantee of acceptance and features, such as APR and credit limit, might be different for you based on your circumstances and might end up costing you more.