Cheap credit card

Trying to find a cheap credit card that will see you through until your pay comes in could become a thing of past, now that Wonga is here. It's the alternative to credit cards which could save you a lot of money in the long run.

If you've been using credit cards as a solution for quick cash and have been lured into "no interest, no charges" offers that sound too good to be true (and usually are) there's a new way to borrow money which could change the way you use credit cards.

What is Wonga? A cheap credit card or a loan?

If you find yourself needing that extra £200 to see you through to pay day, Wonga could be a better alternative to and less expensive than a cheap credit card. It's not a credit card, it's a low interest payday loan. Put simply, the interest rate is £1 per £100 per day. Select how much you would like to borrow and the date you promise to pay it back and Wonga calculates exactly how much the repayment will be before you apply.

You've found out the hard way that it attracts even more interest! Credit cards can be handy for the end of the month expenses you didn't budget for. But why have that constant expense in your pocket when you can easily and quickly get Wonga?

Wonga.com: the fast, easy and cheap alternative to credit cards!

As the fastest loan service in the UK it's faster to apply and receive a Wonga loan than a credit card, and you won't have that constant upkeep of fees. You could receive your loan in as quick as an hour if you apply before 3pm weekdays.

Wonga gives you more control than a credit card. You only borrow the money you need for when there's too much month at the end of your money, without having the constant temptation to 'buy now, pay later'.

It makes sense to get a cheap loan instead of a cheap credit card!

According to statistics, less people are now opting for credit cards and using Loans as less permanent way to supplement income at the end of the month when the cash flow is getting tight. It makes sense - why would you bother going through all that paperwork and upkeep of your cheap credit card when you can just get a Wonga loan to tide you over until payday?