The Telegraph published a list of what they claim is the five most expensive UK credit cards in terms of APR. You should of course always look at what other charges and benefits come with a particular credit card, but the headline APR is obviously important to note – especially if you do not clear the account balance after each statement. Annual fees should also be noted.
Here are the top five most expensive credit cards:
- Virgin Money Atlantic Black Amex: 37 %APR, £115 annual fee
- Vanquis Bank Visa: 39% APR, £0 annual fee
- Citi Ultima Mastercard: 41% APR, £300 annual fee
- Nortern Bank Platinum Mastercard: 42% APR, £200 annual fee (also includes current a/c)
- British Airways Premium Plus: 46% APR, £150 annual fee.
As you can see, two out of the five cards are airline based – I wonder if the account holders of these cards realise what the APR is?
