Charity and Affinity Cards - these operate in the same way as standard credit cards but a small percentage of what you spend is donated to the charity to which the card is connected. Credit cards are international and can be used all over the World, wherever you see the logo on your card. Some companies offer insurance on your purchases, and can protect your goods in the event of loss or theft. They can also provide you with travel insurance. Credit cards attract annual fees and interest charges.
Interest rates tend to be high and vary between companies.
Some companies provide interest free periods. Other companies have penalty payments for late or returned payments or if you exceed your credit limit. Most credit card companies insist on you repaying the minimum repayment. This can be found on your monthly statement. Applications forms are usually completed and submitted to the credit card Company.