Naked Lepper said:Most companies will also charge you a percentage of what you are transferring over aswell, they dont include this in their big flashy low interest rate ads however.
I used to work for MBNA and although i am not sure what their policy is now, they used to have a 2% charge on the amount you were transferring, and I think it was capped at about 50 pounds (sterling)
Naked Lepper said:MBNA were definetly charging a fee to transfer a balance and when I worked there we were told to tell customers that all other companies operate similar policys and that if they didn't at the moment that they would be soon - due to increased competition in interest rates on b.ts
For the credit cards with 0% interest on transfers on transfers and purchases for e.g. 6 months does this mean you have absolutely nothing to pay for the first 6 months (except perhaps the €40 Gov duty) or do you still have to pay the minimum amount every month?
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