NATWEST CARD 0% on balance transfer ripoff

cm233lh

YorkshireBoy wrote: »

Excellent point!

I'd also add, remember you paid a 2.5%(?) fee to move the balance to the card in the first place.

This is true, but is not relevant to calculation on what to do now. The transfer fee has been paid and is not refundable, so don't take it into account when you decide whether to switch the balance or leave it with Natwest.

YorkshireBoy

cm233lh wrote: »

This is true, but is not relevant to calculation on what to do now. The transfer fee has been paid and is not refundable, so don't take it into account when you decide whether to switch the balance or leave it with Natwest.

If the cost of BT'ing somewhere else (for the same duration) is greater than the 2.5% fee already paid + the interest to be charged over the NatWest card's life, then the 2.5% fee already paid *is* relevant...isn't it?

Moggles_2

I would look at your existing cards first, rather than a new one, especially if you've cleared the balances. You never know, if they want your business, you may be offered a good deal

What's more, NatWest do not charge a handling fee for balance transfers after the first 3 months from account opening. If you can find a temporary home for the balance, you can transfer everything back and still have almost 9 months interest free.

Whether this would be worthwhile of course depends on how much you have spent on your NatWest card over the last 3 months.