Are 0% Balance Transfers Still Going Strong? - Published:17/09/07
Gone are the days when there were no fees for transferring your credit-card equilibrium A couple of years ago this was relatively common, but now you'll have to disburse for the privilege The credit-card industry doesn't have the most excellent of reputations, not least because of the many ploys which regularly sting us consumers The hike in fees on equilibrium transfers is just one of these and typically you'll now have to pay between 2% and 3% of your equilibriumNevertheless, 0% balance-transfer deals carry on to be an excellent strategy for getting on top of our debts I've looked into the very most excellent deals around, which are shown below These cards are most excellent for balance transfers only, as the 0% deals on purchases run over a significantly shorter eraExtended balance-transfer eras are becoming more widespread You won't, for instance, pay any interest on balances transferred to the Virgin cash Credit Card for the first 15 months (The charge is 298% charge) Likewise, Barclaycard is investment its own by offering a 14-month deal (25% fee) NatWest and regal Bank of Scotland want to increase marketplace share, so earlier this year they lengthened their interest-free periods to 13 months, but left the charge at just 2%But, on the other hand, you'll only take pleasure in interest-free purchases for the first three months on most of these cards After that, characteristic APRs of 14%-16% will kick in and you may find the competitive offer you started out with has quickly turned sourIntense rivalry among credit-card companies has indeed led to more and more long balance-transfer periods as they fight each other for a decent share of the market And, if you can afford to repay your balance in full within this period, you will escape paying any interest at all (although you will pay the move fee)But this appears to be at the cost of attractive 0% deals on purchases which on the other hand are getting shorter But still, these cards carry on to be a good choice if you don't intend to use your new credit card for any further spendingIf you believe you will need to spend on your new certificate once you've transferred your balance, I'll take a look at the best deals for combining both in my take notes piece of writing Pay 0% On Your Purchases And Existing DebtsClearly 0% balance transfers remain a useful tool for managing your amount overdue One thing's for certain, if the credit-card marketplace stays as fiercely competitive, and there's no cause why it shouldn't for now, you'll be clever to take advantage of tempting 0% deals for some time to come© patent 1998-2007, The Motley Fool incomplete All rights reserved This material is for personal use onlyPlace of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered Office: 30.
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New credit card unveiled - Published:04/09/07
praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSConsumers have been put on attentive by the launch of a new credit card from a financial services providerThe Platinum Cashback Card from credit card provider assets One boasts headline lending tax of 159 per cent, customers looking to review their financing preparations may be interested to knowThe credit certificate also incorporates four per cent cash back for the next quarter on all new purchases and one per cash back thereafterJustin Basini, head of brand advertising at the financial armed forces provider, has claimed it is "one of the best cash back deals in the marketplace""There are no complicated tiered spending supplies and there are no limits on the amount of money back customers can earn," he explainedThe first credit card in the UK was launched by banking institution Barclays more than 40 years ago, next a study of credit cards in the US market at the timeThe original Barclaycard was sent out in 1966 and the financing crop have subsequently become entrenched as an ever-present feature of the UK's borrowing landscapedistrict of holidays financed by credit cards and loans, claims financing study - Fri, 01 Jun 2007praise Cards | Business Credit Cards | equilibrium Transfers | Low.
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Barclays relaunches student card for class of '09 - Published:11/11/06
Barclays has re-launched its scholar credit card in preparation for what will eventually be known as the class of 2009The corporation claims that the card has the best rate typical APR of any student credit card - at 149 per cent - and that it has a variety of incentivesThe Barclaycard Student has an initial £600 praise limit and no fee for exceeding this boundary, with monthly repayment charges of five per centBarclays will send a text prompt on every due day The card also features a cash advance rate of 149 per cent, with a 25 per cent handling charge at a smallest amount £250The company has joined forces with Dell to supply £360 notebooks, counting free MS Works software, to card holders, repayable interest gratis over 12 months"We have tried to make a card which will help students get the most out of university life but recognises that there are times when finances will be under pressure," supposed James Le Brocq of Barclaycard"By keeping credit limits level-headed, reducing charges and introducing features similar to text reminders, students can build a praise history which will prove useful throughout university and beyond"MoneyExpert Limited is authorised and regulated by the monetary Services Authority (FSA Registration No 301654) The Financial Services power does not regulate some forms of mortgage agreement, credit cards, personal loans,.
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