Credit card Cheques

blueforyou

Hello, I've just received some of the above telling me that if I use them I have 0% interest on the amount I use them for until Feb 09. Knowing the thieves that they are, does this sound a good deal?

Thanks

IWantToBeFree_2

It does sound like a good idea if you want to transfer some money to your current account etc and then pay off a card with a higher rating. However, as I understand it, credit card cheques have a massive rate of interest once the promotional period has run off, so unless you can pay off before Feb 09 then I would stear clear, as you may not be able to get another card to do a BT either what with the credit crunch...

payless

and the fee is.... ?? often as high as 3%

blueforyou

Thanks Payless - I spotted the 3% HANDLING FEE. (handling what I wonder?). Anyway, the Alliance & Leicester "0%" cheques are now in the shredder!!!