More about credit cards

A credit card is a form of payment that allows you to buy goods and services now and pay for them over a period of time.  When you get a credit card you will be given a credit limit. This is the total amount you have available to spend on your credit card.

You can use a credit card to pay for goods locally, internationally and via the internet.  You will have to repay the amount you spend on your credit card in monthly instalments. You will receive a credit card statement every month which tells you the minimum amount you must pay.

If you do not pay off your balance in full each month, you will be charged interest on the amount you still owe on your card, so make sure you check how much interest you will be charged – and whether you can afford it!