0% balance transfer cards

Dan83

Hi,

Why are there 0% balance transfer cards with say 3% fee (example) and 0% balance transfer cards with zero fee?

Often the same lender will offer cards with and with out a fee.

Are they hoping people rush in and apply without looking into it or is there something else which I'm missing?

I'm planning a big perchase soon and will probably have to do a balance transfer when the 0% intro on perchase's runs out.

Thanks
Dan

YorkshireBoy

Dan83 wrote: »

Why are there 0% balance transfer cards with say 3% fee (example) and 0% balance transfer cards with zero fee?

Competition. Customer acquisition.

Often the same lender will offer cards with and with out a fee.

But not for the same duration. You'll find that zero BT fee cards have shorter intro periods than cards with, say, 3% fees.