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Intelligent Finance Credit Card Details and Review

The Intelligent Finance Credit Card Site Is Here!!!

The Intelligent Finance credit card has a rate of just 10.8% APR. This makes it a very good credit card for general spending. The only cheaper rate card at present is Cahoot at just 9.3% APR.

The Intelligent Finance Credit Card is one of the new generation cards that allows you to "offset" the credit card borrowings against a savings plan or current account you have with intelligent Finance. Virgin first introduced the accounts where you can use interest on savings accounts to reduce your mortgage and save thousands over the term of the mortgage.

Intelligent finance offers all of these options. A very Clever credit card and mortgage, savings accounts as well.

Here's what they say about "offsetting"

By offsetting the money you borrow against the money you save, you can reduce the amount of interest you pay.

Your total outstanding credit balance is linked to your borrowings, so you pay no interest on the equivalent amount of the outstanding balance on your credit card and other borrowings - including your mortgage.

Because you don't earn interest on your savings, there's no tax to pay. If you're a higher rate taxpayer the interest saved on your mortgage could add up to as much as the equivalent of earning 8% on your current account and savings balances.

And because more of your monthly payment goes towards repaying the capital, you'll pay off your borrowings sooner.

Intelligent Finance Credit Card Review