Balance Transfers

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Balance transfer fees could be set to fall

According to recent reports the fees charges on balance transfer credit cards could be set to fall in the future, as lenders try and battle it out to increase custom by using a new form of incentive. In the past the incentives have included the headline interest rate and freebies for new customers. However, with [...]

3Nov2008 | admin | 0 comments | Continued
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Credit card increases could become reality for many

According to a recent report a hike in credit card costs could become a reality for many cardholders in the UK, with many people finding that their interest free credit card periods are due to come to an end. A huge number of people have been taking out 0% balance transfer credit cards in order [...]

16Oct2008 | admin | 0 comments | Continued
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Officials warn consumers about 0% balance transfer cards

Over recent months officials have been warning consumers about the problems that have become associated with 0% balance transfer credit cards, which have become very popular over recent years. Many people use 0% balance transfer cards to transfer balances from existing high interest cards, enabling them to them repay the combined balance over a period [...]

2Oct2008 | admin | 0 comments | Continued
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Cardholder can do something about rate hikes

Most borrowers in the UK have become used to having to accept borrowing costs and interest rates without question when taking out finance, and therefore when credit card providers push up the borrowing costs and interest rates on our credit cards many of us don’t take any action but simply make the higher repayments. However, [...]

23Sep2008 | admin | 0 comments | Continued
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Life of balance transfer credit cards

Many credit card users have benefited from balance transfer credit cards over recent years, as these credit cards have enabled savvy consumers to save a fortune on interest on their credit cards debts. Most standard credit cards charge very high rates of interest, and those that do not pay their balances off in full each [...]

6Aug2008 | admin | 0 comments | Continued
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Make sure you try and repay your credit card balance in full

Most consumers these days have some idea of the importance of repaying their credit card balance in full, but based on a recent report it seems that many people may not be aware of the full extent of the cost of failing to repay the balance in full. Credit card companies are well known for [...]

15Jul2008 | admin | 1 comment | Continued
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Zero card will benefit some people but not all

A financial industry professional has commented on the recently launched Zero credit card from high street bank, Abbey, stating that whilst the card offers a range of valuable benefits and money saving features, and will certainly benefit many consumers, there are other consumers that may find that an alternative card is more suitable despite the [...]

10Jun2008 | admin | 1 comment | Continued
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Decrease in capped balance transfer cards

Balance transfer cards have enjoyed enormous popularity over recent years, and this is because they enable consumers to save a fortune in interest by transferring their balances from high interest credit cards onto the balance transfer card, which offers a period of interest free or low interest credit on the transferred balance depending on which [...]

6Jun2008 | admin | 2 comments | Continued
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Getting a good deal on a 0% balance transfer card can still be difficult

 The global credit crunch that swept across the nation last summer has had long term adverse effects in all areas of the money markets, and consumers looking for good deals on loans, mortgages, and credit cards have seen their choices – and their chances – dwindle fast over recent months. A recent report has suggested [...]

5Jun2008 | admin | 0 comments | Continued
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Credit card transfer continue despite credit crunch

Despite the global credit crunch that is still wreaking havoc in the UK’s financial markets, credit card transfer still remain popular, with many consumers trying or planning to transfer balances from their higher interest credit cards onto interest free balance transfer cards in a bid to try and save money on interest charges. According to [...]

16May2008 | admin | 0 comments | Continued
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All in One card could suit some consumers

In a bid to entice customers the Halifax recently launched its All in One credit card, which offers benefits that include ten months interest free credit on both balance transfers and purchases, enabling qualifying consumers to enjoy saving a small fortune in interest if they repay their balance within the interest free period. According to [...]

14May2008 | admin | 0 comments | Continued
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New card available from Abbey

Spanish owned High Street bank, the Abbey, has recently launched a new credit card that could prove to be of interest to a number of people looking to save money on their credit card spending. The card eliminates a wide range of fees for a fixed period of time, and could prove valuable to those [...]

10May2008 | admin | 0 comments | Continued
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Balance transfers till proving popular despite credit crunch

Recent research carried out by Sainsbury’s Finance has shown that balance transfers onto 0% balance transfer cards are still proving popular amongst consumers despite the global credit crunch that has resulted in tighter credit conditions. According to the research millions of us are looking to transfer billions of pounds collectively over the next few months [...]

3May2008 | admin | 0 comments | Continued
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People continue to transfer balances

Over recent years the popularity of balance transfer credit cards amongst consumers in the UK has rocketed, with many people taking advantage of 0% offers in order to get rid of high interest credit card debt and enjoy interest free credit for a generous period of time, which has saved some borrowers a small fortune [...]

12Apr2008 | admin | 0 comments | Continued
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Rate tarts could experience difficulties due to transfer fees

A recent report has indicated that credit card rate tarts could experience increasing problems as a result of fewer and fewer balance transfer credit cards capping the transfer fee that is charged. In the past many of these credit cards charged a fee of between 2-3% of the amount being transferred but capped the fee [...]

25Mar2008 | admin | 0 comments | Continued
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Watching out for the catches with 0% balance transfer cards

Following the expensive Christmas and New Year periods many consumers have been looking to transfer their balances from their high interest credit cards onto 0% balance transfer cards, but experts are urging these consumers to watch out for the catches that comes with many 0% balance transfer cards so that they don’t end up paying [...]

15Feb2008 | admin | 0 comments | Continued
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Think carefully before taking out a 0% balance transfer credit card

Over recent years 0% balance transfer credit cards have become a valuable tool for consumers that want to try and pay off their credit card balances without being charged further interest. Credit cards are known for the high rates of interest charges on outstanding balances, and many of those with one large credit card balance [...]

8Feb2008 | admin | 0 comments | Continued
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0% balance transfer credit cards – the facts

The 0% balance transfer credit card is designed for those with existing credit card balances on which they are being charged high rates of interest. These cards enable borrowers to transfer these existing balances, thus benefiting from having just one credit card debt to deal with and more importantly avoiding interest charges on the balance [...]

20Jan2008 | admin | 0 comments | Continued
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Abbey to offer 13 months interest free credit on balance transfers

The Abbey bank is planning to offer a generous 13 months of interest free credit on balance transfers on its credit card from December. The card offers a standard variable interest rate of 15.9%, and any remaining balance at the end of the 13 months would be charged at this rate.

12Jan2008 | admin | 0 comments | Continued
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Watch out for catch with new Abbey offer

New and existing customers of the Abbey credit card may have been delighted to hear recently that Abbey is offering a generous thirteen months of interest free credit on balance transfers to cardholders. The offer was launched at the start of this month, and means that customers that transfer their balances from other high interest [...]

2Jan2008 | admin | 0 comments | Continued