3.94% p.a

christop007

Hi everyone,

Can some help me out and tell what p.a means

I have recieved some cheques from the halifax and they are offering me 3.94% pa for the lifetime of the balance.

Does this mean i pay 3.94% per month on the balance each month?

Thanks for the help

marvin

christop007 wrote: »

Hi everyone,

Can some help me out and tell what p.a means

I have recieved some cheques from the halifax and they are offering me 3.94% pa for the lifetime of the balance.

Does this mean i pay 3.94% per month on the balance each month?

Thanks for the help

If they say pa it stands for per annum (per year) (about 0.3 per month aprox)

thriftymomma

No it's yearly. Don't forget, if you have a balance on the card already that that will continue to be charged at your standard rate, whilst the LOB offer gets paid off first.
Good offer though.