Credit Card Calculator - How Much It Will Cost

How credit cards work

A credit card allows you to borrow money from a credit provider without having to give any upfront security. Banks and building societies are the first place most people will go to for a credit card, but there are many supermarkets, airlines and stand-alone credit card companies that issue credit cards. You need to be 18 or older to apply for a credit card and the issuing party will request basic information from you to submit with the application. Just like with any other loan application, there’s no guarantee that the application will be approved.
The information that you provide and your credit score will determine your credit limit, which is the maximum amount you can borrow. Your credit card balance can never be more than this amount at any one point.

When you make a purchase with a credit card, the card issuer will make the initial payment to the retailer. The card issuer will then send you a statement once a month that includes a breakdown of the payments during the billing cycle and the total amount you owe.

There is a minimum required amount you have to pay back every billing cycle, which is a percentage of the outstanding balance. But to keep fees and interest low, it’s best to pay off the balance in full every period.

A wide range of credit cards exists on the market, including cashback cards, balance transfer cards and reward cards. The right card for you will often depend on your lifestyle and your financial goals.

Credit Card Information

In 2016 there were 32.3 million credit cards and 51.1 debit cards in the UK.  

The average credit card purchase was £53.55, debit card payment £38.43 and contactless transaction £9.40.

Health domains

You need to scroll down to see all the info in this popup – sorry for going on so much!

We break down the overall concept of health or wellness into ‘bite-sized chunks’ that we can actually do something about.  The first level we call health domains.

We like the Life of Wellness site and we have chosen the following domains.

1. Emotional Wellness: Awareness and acceptance of feelings
2. Spiritual Wellness: A search for meaning and purpose
3. Intellectual Wellness: Recognition of your creativity, knowledge and skills
4. Physical Wellness: Need for physical activity and balanced nutrition
5. Environmental Wellness: Positive awareness and impact on your environment
6. Financial Wellness: Debt reduction, cash flow balance or financial future planning
7. Occupational Wellness: Personal achievement and enrichment from your career
8. Social Wellness: Contribution to your community

wellness wheel

Health Areas

Within each domain, we have included a number of health areas. These are specific issues that you can tackle.  Within each health area, e.g. Depression, once you have subscribed we have built additional information and exercises which you can do to help in the area.

To close this box and go back click the X at the top or just click outside the box

See which domains you should address

You need to scroll down to see all the info in this popup – sorry for going on so much!

Having established that we use 8 domains, you need to understand which you should concentrate on.

The 8 are:

  • Emotional
  • Environmental
  • Financial
  • Intellectual
  • Occupational
  • Physical
  • Social
  • Spiritual

You can take a questionnaire, which scores you in each domain.  You can decide which domains you are strong in, and which you need to improve.

Another analysis shows which domains you should look at, but also which domains you want to look at.

To close this box and go back click the X at the top or just click outside the box

A Butterfly Life: 4 Keys to More Happiness, Better Health and Letting Your True Self Shine

Times of change can be a challenge, no doubt! Whether it’s a relationship breakup, job loss, or being diagnosed with a serious health issue. Or you may WANT things to be different, but it feels a little scary or overwhelming. The butterfly reminds us change can be beautiful, even necessary, in order to realize our full potential and live our best life.