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The end of 0% cards???
nessauk
Posts: 79 Forumite
in Credit cards
I've been hearing on the radio all morning that it could soon be the death of the 0% credit card, and being able to BT to another card once the anniversary date is up. Its costing the banks/card companies millions (apparently in administration costs was one excuse I heard on radio 1). The next step is charging for the balance transfer which a lot of cards are starting to suddenly do. I also found an article that said" The research also found a growing demand from borrowers -- 61 percent against 35 percent last year -- would prefer lower long-term rates rather than short-term zero rates."
Is that true? If so, for the long term (which I am assuming is the BT with the low interest for life) which would be the best card going?
http://uk.news.yahoo.com/050412/325/fg5en.html
http://news.bbc.co.uk/1/hi/business/4435283.stm
Is that true? If so, for the long term (which I am assuming is the BT with the low interest for life) which would be the best card going?
http://uk.news.yahoo.com/050412/325/fg5en.html
http://news.bbc.co.uk/1/hi/business/4435283.stm
January Grocery Challenge 2016 = £119.41/£250.00
Weekly Savings Challenge 2016 = £364.31/£1378.00 26.44%
Virtual Sealed Pot Challenge 2016 #9 = £13.88/£500 2.34%
£2 Savers Club 2016 #26 = £140/£500 28%
1% challenge 2016 = £100 Total saved £100/£10,000 1%
Weekly Savings Challenge 2016 = £364.31/£1378.00 26.44%
Virtual Sealed Pot Challenge 2016 #9 = £13.88/£500 2.34%
£2 Savers Club 2016 #26 = £140/£500 28%
1% challenge 2016 = £100 Total saved £100/£10,000 1%
0
Comments
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I heard a whisper about that
Is that the end to stoozing??~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PMS Pot: £57.53 Pigsback Pot: £23.00
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Its being discussed in another thread already:
http://forums.moneysavingexpert.com/showthread.html?t=437710 -
If I got £1 every time somebody announced the death of stoozing I wouldn't need to stooze in the first place!
Someday it may end, but I'll believe it when I see it and not worry about it until then.0 -
Totally agree with Reaper, the Fat Lady has not sung, yet
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Can you do me a favour...and ring up the fat lady and tell her not to start singing for another 15-18 months, by which time I will be debt free. Ta.0
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