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Getting a 0% credit card before they all disappear
Comments
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I think Nat West are taking a real risk here - with literally dozens of card offering 0% balance transfers why would anybody take on a new card with them or stick with them in the hope of getting new deals.
Personally I can't see any other major lender following them.0 -
Only a search is recorded, not the outcome.Ransom_Dry_Elk wrote: »I looked up my credit rating a while ago and it was very good but I don't want credit card rejections in there if I can help it0 -
Since when are 0% card disappearing?0
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jonesMUFCforever wrote: »I think Nat West are taking a real risk here - with literally dozens of card offering 0% balance transfers why would anybody take on a new card with them or stick with them in the hope of getting new deals.
Personally I can't see any other major lender following them.
I think they are generally building their brand, claiming to treat their customers well and using that as an example of a sneaky little trick that many banks play but they do not. Fair enough. They have many products other than interest-free credit cards, so they are sacrificing one to boost all the others.0 -
Ransom_Dry_Elk wrote: »Didn't know that,I looked up my credit rating a while ago and it was very good but I don't want credit card rejections in there if I can help it but also don't want to have to pay the 11.9% APR of a low rate card on purchases I'll need to make. I'm with Lloyds Bank and they've been trying to push me credit cards for ages.
Silly question, but you do realise that you don't have to pay the 11.9% APR don't you? If you pay off everything in full when your bill comes then they don't add any interest. If you don't make the full payment, then they'll charge you interest.
So, for example, I have set up a direct debit which pays off my credit card in full every month. I have no idea what my APR is (I think its about 30% or something crazy) but it doesn't matter as I've never paid a penny in interest.0
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