HOW TO... Get a Credit Card

	Typical APR Variable	Max Int Free
	14.9%	56 days
	14.9%	56 days
	14.9%	56 days
	14.9%	56 days
	15.9%	56 days
* Based on Lowest Standard Rates and is not a full search of the whole market

When should you get a credit card? Where can you find the best one for you? Put simply, credit cards offer one of the easiest methods of borrowing money for a short period of time. But they are also contributing significantly to the consumer debt crisis, making it easy to slip into the red - so do your homework before you get a credit card - that way you can sure you get a credit card that's right for you!

How do I get a credit card?

Which credit card is suitable will depend on how you plan to use the card, as interest rates vary dramatically depending on this. For example, credit card issuers charge different rates for cash advances, purchases, and balance transfers - from interest-free to as much as a hefty 29% or even more. Providers also calculate interest from different times so it can be tricky to compare costs fairly.

Generally, cash advances tend to attract interest immediately, whereas actual purchases can often remain interest-free for up to 56 days.

Look for credit cards you can apply for through Moneyextra.

What credit card offers are there?

A range of providers run special introductory deals, offering interest-free periods of, often, up to 12 months for purchases or balance transfers.

This led to canny consumers becoming "rate tarts", moving balances from one card to another to avoid paying interest. However, as a result, almost all credit card issuers now charge a fee to transfer a balance of between 2-3% of the total, which can make the deal far less attractive, depending on the sum you plan to move.

Compare your existing credit card with the best on the market - see what you could save!

What credit card is right for me if I clear the balance every month?

If you want to get a credit card but you plan on paying the outstanding balance off every month you should make sure you avoid lenders that charge interest from the date of the transaction, rather than the statement date. You could also look for a card with a loyalty scheme, for instance one that offers cashback or loyalty points (such as Air Miles) on your purchases.

Find the best cashback credit cards.

What's the right credit card if I'm permanently in the red?

Those permanently carrying an oustanding balance on their plastic should get a credit card with a low interest rate on purchases. If you plan to make a big, one-off purchase it may be wise to look at cards with interest-free introductory offers.

Find credit cards with the lowest standard APRs.

How much can I spend on my credit card?

Once you get a credit card, the card issuer will put a limit on your spending, but you can negotiate this sum if needed over time. However, the credit card company will stipulate that each month you repay a minimum of around £5 or between 2.5-5% of the outstanding balance on your card; whichever is the greater. Pay more than the minimum if you can, otherwise you'll end up paying more interest and it'll feel like forever before you clear your debt.

How flexible and how friendly is that piece of plastic in your wallet or purse? Find out with Moneyextra's credit card comparison service.

Can I get cash out on my credit card?

You can. But you probably shouldn't! Use your debit card. Using a credit card for cash withdrawals is not a good idea, as they often attract an even higher interest rate as well as a fee of about 1.5% or a £1.50 minimum. Similarly, if you get a credit card to use overseas, make sure you check the charges levied.