0% for 3 months, is it worth it ?

graybits

I often get offers from credit cards of 0% for three or four months by using a credit card cheque, MONUMENT often do this, but others do too. The problem is that most charge a fee of up 2.5% when you take up the offer ! Well doesn`t this make the whole idea a waste of time ? I mean a one time fee of 2.5% over a 3 month period equals an APR of over 9% doesn`t it ? How many people fall for this trick ? BE AWARE DON`T FALL FOR IT !

grumbler

graybits wrote:

...2.5% over a 3 month period equals an APR of over 9% doesn`t it ?

10.38% in fact and even more if you take minimum repayments into account...

Milarky

Is the fee uncapped then?