Credit Cards Lenders
Beware Of These 0% Card Tricks!
Since the advent of 0% balance transfer on cards, millions of people have taken advantage of enjoying borrowing money at 0% for an extended period. How it works is that you transfer an existing credit card balance across to a new card and enjoy 0% interest on it for a set period of time.
This is certainly more attractive than paying a typical 16% interest. However, like all good things that appear to be free, do be aware of catches.
Many lenders now will charge you a handling or admin fee for the balance transfer. This can be around 2 or 3% of the value of each transfer. Do check out with the individual credit card provider as to how much they charge as these fees do vary.
Recent research from Marks & Spencer Money showed how in some cases, people who make use of 0% deals are worse off than if they kept the debt on their existing card! So do your sums first to see if it really is worthwhile transferring your balance.
Finally, check whether the credit card provider charges interest on the actual balance transfer fee. You’d be surprised how many do in a bid to make some money back out of you.
| Credit Cards Services : credit cards transfer ... most items in the catalogue are ludicrously overpriced, though it’s better than nothing ... aware that if you pay your bill late, or carry some credit even for one month, you may lose the benefit Internet Credit Cards : apply credit cards ... cards have become more prevalent, credit card companies have come up with new incentives to make their ... you will be charged for using or having a credit card vary from provider to provider Top 10 Credit Cards Companies : credit cards uk ... (debt negotiation) – debt settlement is a process whereby most creditors will agree to accept less than ... a credit card, do you choose visa or mastercard? the answer is that you shouldn't - and need not - have |