0% balance transfer from account opening? definition?

sandybrag

So I just noticed the tiny print on my CC saying the 0% rate on my card applies to balance transfers from account opening. Does that mean any additional balance transfers I add now will be charged at the full interest rates? I only opened the account a few weeks ago. Please tell me I'm wrong!

Thanks in advance

YorkshireBoy

You're wrong!


What they mean is the 0% clock starts ticking when they open your account (which may be 2-3 weeks before your BT is actioned and you receive the card, PIN, etc).


Any subsequent BTs made (within any 60-90 day window if applicable) will be 0% until the introductory period expiry date, eg 29 months after the account opening date.

thenudeone

Depends exactly what the offer is.

Usually its something like 0% for 12 months (or 18 or whatever) on all BTs made within 30 days of account opening (sometimes 45 days, sometimes 90 days). But every card is different.

So no-one here can answer your query unless you quote exactly what your offer is.