Most credit cards charge interest that is about 16%, so the best way to shop for a credit card if you plan on using it frequently is to look for cards that offer 0% on new purchases such as the Sainsbury’s Finance MasterCard for Nectar Holders and the Tesco Bank Clubcard Credit card MasterCard.

Both of the above mentioned cards offer a years’ worth of free interest on all purchases so you have an entire year to pay off the credit before worrying about the interest.  Of course, you will need to make sure that you pay the balance off before the year of interest free perks come to an end, otherwise you will still be stuck paying interest on your purchases.

On the other hand, if you have large amount of debt on a credit card and want to get out of the interest, the best way to proceed is to transfer it over to a 1% interest card and get a few months to make payments without interest so that you can start to make a dent in the debt.

The BT Visa by Barclaycard Platinum for example allows you to pay 15 months without interest, which can be a significant amount of time to start ploughing through your debt.

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