MSE News: Rise in number of 0% balance transfer credit cards

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"The number of interest-free balance transfer credit card deals is on the rise as more banks offer to shift your debt at cheap rates ..."

Read the full story:
Rise in number of 0% balance transfer credit cards

CannyJock

Worth mentioning that Virgin will be increasing their BT and money transfer fees to 5% from 1st March.

So while there may be more cards available, MBNA are signalling to the others that higher fees are the way to go - not good news as a stoozer.

How has the Santander and Lloyds Banking Group expansions affected the number of card issuers? Concern would be that while number of 0% balance transfer cards being offered (including the 5 from Barclaycard and 10 from MBNA) may be increasing, the number of issuers where you can transfer the balance at the end of the 0% promotion is reducing.