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Increase in balance transfer rates
leswhitworth
Posts: 4 Newbie
in Credit cards
In recent weeks I have received several offers from credit card companies for balance transfers. Before COVID-19, the average rate was about 3%, now it seems to have increased by 50% to 4.5%, just when interest rates fell.Once again, the banks are bleeding the vulnerable at a time of crisis, when they advertise how helpful they can be. They should be ashamed.
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Comments
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It's not a question of bleeding, it's a question of risk.1
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