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According to the Independent, some people have experienced an increase in their interest rate since the start of the credit crunch.

This could mean it takes longer for credit card holders to pay off their bills, the paper added.

Card holders in this position could consider moving their existing debt on to a 0% balance transfer card.

However, the paper warns that these are competitive and so those who choose to apply should be confident they will be accepted before they do so.

The Independent also recommends that credit card holders should not allow their provider to increase their credit limit without their consent if they feel the increase is unnecessarily high.

In this way, credit card holders will avoid the temptation to borrow more than they need, the publication notes.

Those looking for a credit card with 0% on balance transfers may want to consider the Virgin credit card.

This offers 0% on balance transfers for 16 months with a 2.98% handling fee. The balance transfer rate applies to transfers made in the first 60 days.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
	Virgin Credit Card
	20 months	3 months	16.8%
** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
	Barclaycard Platinum with BT
	22 months	3 months	17.5%
** 17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable). **
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