Spending money is something that we do nearly every day in our lives and there is no better feeling than spending your hard earned cash on payday! But other than getting the item that you paid for, are you gaining the extra benefits available?
There are so many products in the marketplace that can help to boost your credit rating, offer rewards or simply get the best rate when you spend abroad.
Credit cards are a type of unsecured loan that can be used to make purchases of goods or services. Because these purchases are made from borrowed funds, if you do not repay by the due date; interest will be added therefore making what you owe increase. If you pay your balance in full each month then no interest will be added.
Many of us can only afford to travel abroad once a year (or every two years) and so making sure you get the best possible deal when exchanging your hard-earned cash into foreign currency is a major key.
Current accounts provide you with the ability to manage your day to day spending, overdrafts, direct debits etc.
There are a plethora of different current accounts available and in most cases the main account that you are using is probably the same one that you had when you signed up for your first bank account.