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credit card help
Transferring a large balance requires the same discipline as taking out an interest free loan in that if you don't have the amount borrowed repaid in time (say, six months), you will be liable for interest on the full amount transferred (ignoring any partial repayments) for the full six month period i.e. if you don't repay in full by the end of the six month period, you forfeit the interest free period and interest is charged as if the full balance is outstanding for the entire six months.
irishpancake said:Are you saying that he will then be charged 12.9% on the new outstanding amount, or on the amount originally transferred, ignoring the amount paid over the 9 month 0% period?
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