A credit card lets you buy things up to an agreed limit and pay for them later.
- Spread the cost of purchases.
- Consolidate credit or store credit balances with other lenders.
Credit cards come with monthly interest and can incur late payment fees. If you just make the minimum monthly repayment, this can be an expensive form of borrowing.
Other product options are available. To see all your options together, return to the Borrowing Needs Hub.