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Do 0% credit cards still have upfront charges?
bigpat
Posts: 341 Forumite
in Credit cards
It's been many years since I last availed of a 0% credit card. I'm fairly sure there was a one-off fee of 2-3% and then that slightly higher balance was interest free.
Is that still how it works? The relevant MSE guide doesn't seem to mention it.
Is that still how it works? The relevant MSE guide doesn't seem to mention it.
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Comments
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If you mean a BT card, then yes, some have a fee. More than previously.
0% purchase cards don't.1 -
MBNA is currently offering 0% on both balance transfers (to another card) or money transfers (to your bank account) with a 5% fee up front. There was one recently too that no fee but you were charged something like 5.99% APR for 2 years or similar.
I haven't seen any 0% deals without a fee for a few years.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Ah, that was probably my error. It was a balance transfer card I had before.MorningcoffeeIV said:If you mean a BT card, then yes, some have a fee. More than previously.
0% purchase cards don't.0 -
There are still some 0% balance transfer cads with 0% fees; I have a NatWest one.
https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#natwest22
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You're not looking hard enough. I've had fee free transfers from Natwest, Ulster and Santander in the last couple of years.I haven't seen any 0% deals without a fee for a few years.0
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