Balance transfer credit card changes

Nov 13, 2008 1 Replies

Out of pure economical interest, I was wondering what people's view was on how finance products are changing at the moment - in light of the credit crunch?



I came across this article:

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- which gives some facts and figures on the changes that balance transfer credit cards have made over the past couple of years. My main query is how long are these deals going to stay open? I'm hoping they will stay open, but it's interesting to see the changes these products have made over quite a short space of time.


Can anyone shed any light or opinion on the balance transfer market?

I just read another article:

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... It's basically questioning whether the drop in the number of 0% offers is due to budget constraints of the credit card companies or more serious and down to the credit crunch.

Thanks

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