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Much as you would shop around as you are thinking of acquiring an exotic laptop or a new vehicle before deciding on a model that suits your needs, you must stick with the same policy regarding looking around for credit card bargains.

With several issuers offering credit cards regularly, it is now a buyer’s market and the first and only thing you must look out for is misold PPI and the interest rates that come attached when it is time to pay back.

Some interest rates are way too high to put it mildly and can be up to nearly 30 percent if you make use of a cash advance and 26 percent on just what you buy. But by doing some research, you can come ahead and narrow down your search to credit cards which best fits the bill.

There are certain guidelines you need to follow to make sure you avail best interest rate. The more creditworthy you are your possibilities grow exponentially into gaining a great reasonable interest rate.

take care you pay back at least more than the minimum balance due on what you owe on your plastic. Giving back just the minimum balance alerts the credit card issuer you might be facing financial issues and they might accordingly raise interest fees. Minimum balance owed so to speak is a misleading term.

Your dues naturallymust be cleared by the due date. Missing a payment or any payment given after the due date is frowned upon by credit card companies irrelevant of mis-sold PPI and it will take some time to regain your credit rating back and in the interim, the interest amount will rise.

If you have increased your credit limit recently or the issuer has done it for you, you could actually be facing problems if searching for a new card. Instead of thinking it may be a clear sign of you being a good credit risk, credit card companies will feel the lure to use up all that credit will be attached with an inability to pay it back, which may be a cause for concern.

Bombarding the post boxes of credit card issuers with applications will not benefit you at all.  It reeks of too much excitement to get credit which shows negatively on you and points you out as a risk.

These are some possible rules that you can follow to guarantee you don't get mis sold PPI and do get credit cards with a proper interest rate. While the card firm will work for you, by following these guidelines you can actually benefit with a low interest rate as the ultimate prize.

If utilized properly, plastic money can be a helpful ally to have with you. If not, you could land yourself in a soup.

Tags: mis-sold ppi, ppi claim, ppi claims, ppi reclaim