Credit Cards: Watch out for those extra ‘nasties' lurking in 0% deals
FT.com / Your money - Watch out for those extra "nasties" lurking in 0% deals
Do you play the 0% balance transfer game? The banks are losing their ability to sustain the practice and are starting to add hidden "nasties" that might catch you if you aren't careful.
He says that providers are also adding “hidden nasties” to their zero per cent deals, such as balance transfer fees, which should make them less appealing to consumers. It certainly makes it more difficult for them to choose between them. Newman says he expects an increasing number of card issuers to add fees to previously free services such as balance transfers, and that others who still allow free balance transfers set minimum spend limits, with fees attached if these are not met.Get the full story here.
