We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Extended Balance Transfer
Options

ronson59
Posts: 1 Newbie
My balance transfer will come to an end in January.
I then intend to move the remaining balance to another 0% card if possible, however I was wondering why none of the lenders offer to extend your current 0% period and charge you the fee again on the remaining balance?
I am aware they wish to charge you interest at the end of the transfer period if you have not cleared the balance but most people are going to be able to switch to another card(paying a fee)
I then intend to move the remaining balance to another 0% card if possible, however I was wondering why none of the lenders offer to extend your current 0% period and charge you the fee again on the remaining balance?
I am aware they wish to charge you interest at the end of the transfer period if you have not cleared the balance but most people are going to be able to switch to another card(paying a fee)
0
Comments
-
My balance transfer will come to an end in January.
I then intend to move the remaining balance to another 0% card if possible, however I was wondering why none of the lenders offer to extend your current 0% period and charge you the fee again on the remaining balance?
Because they make more money from you paying interest0 -
Because they hope that people forget to transfer the balance on (or unable to) and then end up paying interest at the full rate; they dont want a 'clear' easy path and who can blame them. Instead if the account conduct is good they will offer new deals, so its best to have a couple of different cards to which balances can pass through to take best advantage of deals..0
-
...most people are going to be able to switch to another card(paying a fee)
Because I'd wager "most people" are not going to be able to switch cards...otherwise loss leading long duration/low fee deals wouldn't be so commonplace.0 -
YorkshireBoy wrote: »I'd wager "most people" are not going to be able to switch cards...otherwise loss leading long duration/low fee deals wouldn't be so commonplace......under construction.... COVID is a [discontinued] scam0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards