The best credit cards for the sales

As the January sales get into full swing millions of us will be hitting the shops in search of a bargain. But before you buy anything make sure you are armed with the right credit card.

Using a credit card for your January sales purchases will not only give you extra consumer protection, it can also save you even more money.

Anything you buy with a credit card is covered by Section 75 of the Consumer Credit Act 1979. This means that if there is a problem with the purchase – if it is faulty or not fit for purpose – your credit card provider is liable to refund you as well as the retailer.

This doesn’t mean you can claim two refunds but does mean that if you can’t get hold of the retailer you can get a refund from your card provider. This can be particularly useful during the sales season when you might buy something from a retailer who subsequently closes down.

Shop with the right credit card and you can also increase your savings in the sale. There are three great cards available, choosing the right one for you simply comes down to how you handle your finances.

If you are organised and know you will pay off your balance in full before you start paying interest then go for the Capital One Aspire World credit card. Shop with it and you’ll earn 5% cashback on everything you buy for the first three months (up to a maximum of £100). In terms of the January sales that means an extra 5% off all sale prices. The interest rate is high at 19.9%APR though so only go for this card if you know you’ll clear the balance when you get your bill.

Anyone wanting to spread the cost of their January sales splurge would be better off with the Halifax All in One credit card. It won’t charge you interest on purchases for the first 15 months, giving you some breathing space to pay for what you buy. It also offers 15 months 0% interest on balance transfers so you can move any debt you built up before Christmas over and stop paying interest on that too.

Finally, if your credit rating is poor and you won’t get accepted for either of these cards – you can use our personalised credit comparison tool to find out if you are likely to get accepted for a credit card before you apply – try the Capital One Classic Extra card. It is designed for people with a poor credit rating and offers 0.5% cashback on all purchases. It has an enormous interest rate of 34.9%APR though, so only use it if you can afford to pay the balance in full each month.