The best cards for debtors and spenders

While the credit-card companies fight it out for the custom of those in debt, which credit cards offer the best rewards for those who pay their bill in full each month? Ruth Jackson investigates.

Interest rates on credit cards may now be at record highs, but that doesn't mean the debtors aren't getting something of a good deal from their providers. Barclaycard has just launched a new Platinum credit card with a 0% interest rate on balance transfers for an extraordinary two years. So, in return for a one-off fee of 3.2% of the debt, you can shift it on to the card and pay nothing more on it for two years. Assuming you dedicate that time to paying off the debt it is a fabulous offer. But while the credit-card companies fight it out for the custom of those in debt, which credit cards offer the best rewards for those who pay their bill in full each month?

If you always pay off your credit card bill in full and do so on time, transfer rates and new purchase rates are of little relevance to you. But that doesn't mean that any card will be fine. There are plenty of credit cards that are designed to reward people who don't run up any debt you deserve one.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.