We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Switching Credit Cards

I'm new to this so go easy on me,i only have one credit card and i'm strugling to pay it off i've looked on the web site and the best option for me is the barcleycard plat 6.5% for life but the site says this card operates a rate for risk policy whats that? also how do you balance transfer?

Comments

  • clio
    clio Posts: 3,345 Forumite
    Rate for risk means if they think your a risk you wont get the good rate, they may give you a card with a rate that is a lot higher. ie not 6.5 but 16.9 or even 19.9% or god forbid higher again.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.