Scenario : You have a large purchase coming up Solution : Apply for an introductory purchase card and then pay off balance over period of offer.

Scenario : You have a poor credit history Solution : There are some high interest cards around for people with a poor credit history. If you do obtain one of these cards then make sure you always make your repayments. This way you will slowly build up your credit rating, which will eventually make lower interest cards available to you.

3. Can your existing card be improved

This is one option that most people completely ignore. It is entirely possible that you may be able to negotiate a new rate on your card, especially if you have another card with a lower rate. They can only say no, so what have you got to lose.

4. Should I close my existing card

Not neccessarily is answer. You may be able to use this card in future for a balance transfer. Also, don't forget that you normally get around 58 days interest free credit. So you may be able to make odd one-off purchase and spread cost over a couple of months.

5. Finally ...

Please remember golden rule. Only borrow what you can avoid to borrow. If you are careful you can make credit cards work for you, but if credit card companies make a lot of money out of people allowing spending to get out of control. Don't allow yourself to be one of these people.

Financial institutions particular value business customers very highly. As a result they are very competitive when comes to enticing new business customers. New businesses are particularly attractive and banks will often agree very good deals to encourage startup enterprises as once they have custom they are in a good position to retainit. It is always prudent to shop around and talk to numerous banks to find best deals on offer. Consider not only rates for new business, but also how current customers fair when compared to other banks. This will give you a good idea of long term competitiveness of an existing bank. There are several internet comparison engines that can get you started on this process.