So what is Polar Credit? Sometimes you might be looking for credit, and there’s so many options out there these days that can leave you feeling a little lost. There’s credit cards, loans, overdrafts and the list goes on….so this guide will help you to understand Polar Credit and the credit card alternatives.
This is a paid for collaboration post.
What is Polar Credit?
So it’s quite simple really – Polar Credit takes all the best aspects of all the other options and provides you with access to credit in a fast, easy and very transparent way.
There’s a really easy application process with an added fair interest rate explanation, then you get access to cash as and when you need it, but don’t worry they do ensure that you are not taking out anything that you can’t pay back.
You simply apply online, and once you’ve been approved, you are given a credit limit which you can transfer into your existing bank account. The credit line is paid back via monthly repayments, so the same as you do credit card repayments. A representative example is – £1200, interest rate is 49.9% (variable) and 1.65% transaction fee. Representative 68.7% APR (variable).
How to get started…
It’s really as simple as four easy steps, so to begin you have to fill in a very straightforward application form online to apply for your Polar Credit.
Next you have to apply for a credit limit that works for you. If this gets approved, then you will get to use it as and when you need to. If you don’t use it, you don’t pay for it – it’s that simple.
This step is when you get to put the money in your nominated bank account. You can simply transfer any amount over,. just please ensure you can make your repayments when they are due, and don’t go splurging on unneccessary stuff.
The repayments are very flexible to help fit your needs and your budget, but that doesn’t mean you should be too laid-back about them. Make sure you get organised, make a note of the dates somewhere, and even if you pay the minimum amount one month – the next you can repay more or perhaps repay your full balance.
So Polar Credit is dead easy to initiate, and the repayments are as simple as you make them. Give Polar Credit a try – and don’t get stressed or ripped off by other loan shark companies who try to take BIG amounts each month with interest.