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Balance Transfers

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Lilly_Whitess
Lilly_Whitess Posts: 1 Newbie
in Credit cards
Looking to do a 0% balance transfer on an MBNA or Barclaycard, the terms and conditions state that once the 0% period ends you will be charged an annual percentage rate of say 18% on the transferred balance, does this mean after the given 0% period you will still be charged an annual fee of 18% on the total you balance transferred?

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    No.

    You will be charged only on the balance that remains after the 0% expires.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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