Are you thinking about opening a new credit account with a UK catalogue? Before you go any further, there are a few things you need to know. Here are the top 3 tips when buying through catalogues and what you can do to save money on your purchases.
1. Find the best interest rates When you open a new credit account with a UK catalogue company, you can spread the cost of your order and pay for your purchase in affordable instalments; however, you will be charged interest on the balance. The amount of interest you pay will vary depending on the retailer so it's a good idea to shop around and find the best deals. A comparison website will enable you to compare different interest rates in one place, saving you time. Some retailers won't charge you any interest if you settle your balance within a certain time frame (for example, if you pay for your order within 28 days). Always read the terms and conditions and find out the interest rate - as well as any penalties for late payment - before you place your order.
2. Find the best catalogue for you There is a wide range of catalogues to choose from, some of which specialise in particular products like clothing or electronics. Choose a catalogue that best suits you by looking at their products online or finding out more about the retailer. Companies like Jacamo specialise in clothing that you won't always find on the UK high street - including clothes in sizes up to 5x large.
3. Decide how you want to repay There are a number of different ways you can make repayments when you place an order with a catalogue company, including pay monthly, pay weekly, and buy now, pay later. Catalogues like Very and Simply Be provide a wide range of repayment options, including pay monthly - where you pay for your order over a period of time by making payments every month. Dial a TV is an example of a pay weekly catalogue, which might suit you better if you get your wages paid on a weekly basis.
Those are some tips. Do you have any tips to share? Do you use a catalogue to purchase anything?