Balance Transfer's

DilbertJones

If i was to do a Balance Transfer from my egg card givin gme 0% on the BT, I will be charged a 2&fee, but will i have to pay interest on the BT Fee?

Jazzking

Hi Robodan,

Yes - I had this recently, I transferred a balance at 3.9% and was charged a 2% fee (£40)
The £40 was added to the balance but will be charged at the usual APR (15.9%) and as usual payments get allocated to the transferred balance before the charge, so you end up paying the 15.9% interest on the charge right until you clear the balance. It's only a few pence per month, but very annoying!

HtH,
Alex

DilbertJones

grrr, those money grabbers!!