0% balance cards without a 2% fee?

Are you sure this is a *minimum* of UKP 35? Barclaycard have this, but they say it's a *maximum* of UKP 35...

Andy

You are right, I typed it wrong!

You only need to transfer less than 2k to be hit with a 35 bill, which is not a pleasant thought!

That's true...but that's still a fairly good deal it seems to me. 35 quid to borrow up to 5000 (in Barclaycard's case).

Andy

or go to the Independent's financial page which compares the details of these cards. I have a Sainsburys one with 0% which runs out next March. In Jan I intend to take out a new card and move the cash then.

Some of those charges are negotiable. Several months ago MBNA sent me an offer of a balance transfer for nine month at 2.9% interest, with a £35 transfer fee. I rang them and asked if they would waive the transfer fee and they agreed.

Chris

Andy Hawkins wrote in news: snipped-for-privacy@gently.org.uk:

But remember you'll generally have to pay interest on that fee at the full rate for the duration of the 0% offer. And you usually can't pay off the

35 before you've repaid the balance transfer because repayments are always allocated against the lowest interest-bearing components first.

So nowhere near as good a deal as it first appears.

I hadn't thought of that! I guess I just didn't think where the 35 quid was coming from...

Even so, the interest on a 35 quid balance per month can't work out all that much, can it?

I'm starting to think you're right...

Andy