Credit Cards : A SearchMeSilly Guide

• Goods can be purchased with ease, whether in person, online, or over the phone.
• Can be used internationally, wherever the logo on the card appears.
• Provides a free finance option if repayments are made on time.
• Benefits include cashback on purchases, discount vouchers, airmiles and travel insurance.
• Allow you instant access to money, however this service is at a cost and interest is charged immediately.

• There may be cheaper methods of borrowing (personal loan, extension to existing mortgage).
• If you do not comply with the repayments, it can prove costly.
• Keep receipts of purchases and compare with monthly statement as mistakes can and do happen.
• Statements may not show when your card is used abroad for several months. It may make there accuracy difficult to determine.