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No more balance transfers with AMEX
Plutos_2
Posts: 72 Forumite
in Credit cards
"From today the company will no longer offer the debt-shifting facility to new customers, concentrating on people wanting to use their cards to spend money."
http://news.scotsman.com/uk.cfm?id=867312006
What would happen if all companies did this? Would everyone who had a credit card be forced to keep the money on it until they paid it off no matter what the rate of interest changed to?
(I'm a newbie so don't really understand how it works....)!
http://news.scotsman.com/uk.cfm?id=867312006
What would happen if all companies did this? Would everyone who had a credit card be forced to keep the money on it until they paid it off no matter what the rate of interest changed to?
(I'm a newbie so don't really understand how it works....)!
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