Credit card

If you find yourself paying too much on credit card fees and charges, just from putting those end-of-month purchases on your card a few days before payday, there's now a better way... Wonga it!

The world is overcrowded with cheap credit cards. In fact, the UK has more plastic than people. But Wonga isn't a credit card, it's a super fast payday loan

Credit cards vs Wonga

Put simply, Wonga can offer you a small, short-term loan to tide you over until payday. The interest rate is £1 per £100 per day and you can choose exactly how much to borrow and for how long. Wonga calculates how much the repayment will be before you apply.

You have to pay it back within a month, so you can’t get tempted to get into long-term debt like with a credit card, where you don’t have to pay it back.

Cash advance

If you want to use your credit card for cash advances, the APR is usually higher again, with interest added daily. If you're tempted to keep using your credit card for cash, you'd be better off using Wonga from time to time. It is the fastest loan service in the UK and, if you apply before 3pm, you'll have the money in your bank account within an hour. Instead of waiting over a week for a credit card to arrive, you could already have your loan from Wonga, so why wait!

Forget credit cards – Wonga is a new way to borrow

Hunting around for another credit card, or continually stressing about your ever growing credit card balances could become a thing of the past. Some months you just need that little extra bit of cash to tide you over when your cash flow starts getting tight. But if you don't need it every month, why do you need a credit card constantly tempting you to buy now and pay later? Just borrowing a small amount once in a while and paying it back within a month is a far healthier spending habit to get into than constantly topping up a card balance.