Balance Transfer
moneysupermarket.com: Yorkshire and Clydesdale Banks move to waive the credit card balance transfer fee
Commenting on the move by Yorkshire and Clydesdale Banks to waive the credit card balance transfer fee, Rob Kenley, head of credit cars at moneysupermarket.com, said: “This is the first move of its kind, and may spur a tactical rate war amongst providers.
Balance transfer fees waived at Yorkshire and Clydesdale banks
Balance transfer fees are being waived until 28 February for new credit card customers wishing to transfer their credit card balances to a six month 0% introductory deal with Yorkshire Bank or Clydesdale Bank.
Borrowers urged to look beyond short-term interest free deals
M&S Money urges borrowers to look beyond short-term interest free deals unless they are confident of repaying their debt during the initial period.
Zero in on a balance transfer card
Borrowers feeling the strain after Christmas are being tempted by zero per cent credit card balance transfer offers with nearly 70 per cent of standard cards now offering special deals, analysis by MoneyExpert.com shows.
New year, new 0% balance transfer war
Michelle Slade, personal finance analyst from Moneyfacts.co.uk comments: “For some time the industry has been predicting the death of 0% deals, and with rising bad debts and falling revenue streams the evidence is again stacking up in favour of its demise. The last year has seen fee-free deals almost disappear, with many providers increasing balance transfer fees and many more uncapping them.
Virgin Money extends 0% balance transfer offer to 13 months
Virgin Money is planning to help extend the Christmas cheer by launching a new credit card deal with a market leading 13 month interest free period for balance transfers*.
The £6.5 billion credit card shuffle
Around one in four credit card holders have transferred debts to other cards in the past 12 months as they bid to cut costs, new research from MoneyExpert.com reveals.
Brits' Christmas spending could mean a decade of debt
If they’re not careful, Brits funding Christmas with a credit card could face debts that hang around long after the decorations come down.
More than 4.2 million ‘still paying Christmas 2005 card debts’
More than 4.2 million credit card customers have still not cleared debts run up paying for last Christmas, shock research from MoneyExpert.com shows. Nearly one in eight credit card holders admits to still having debts on their cards from last Christmas as they gear up for this year’s spending spree.