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, short term loan.

Plastic vs Wonga

Put simply, Wonga can offer you a small, short term loan to tide you over until payday. 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 by making only the minimum payment required.

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 taking cash on credit, you'd be better off using Wonga from time to time. It is the fastest loan service in the UK and you'll have the money in your bank account within 15 minutes of approval. With Wonga's super-fast cash transfers, you can still get the instant gratification that plastic offers, but for less the cost.

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 month-end-money 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.