MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
Offering 0% transfers but with a fee attached?
It really bugs me that every month Barclaycard send me this stunning offer, with fees normally equating to 4%PA (latest 3%PA) & call it 0% transfer offer, surely its a normal lone at 3-4%PA with no structured repayment plan?
What am I missing?
It's a one off charge isn't it? They're aware that people just keep transferring their credit to a new card each time the 0% runs out so they always charge for transfers now.
Maybe, but it's not 0% is it?
Yes, it is.
0% interest. The fee isn't interest. Its also entirely optional 🙂
Interest accrues over time. Transfer fee is a one-off charge.
Don't like it, don't use it.
OP - you are kidding, right?
Edit: just incase you aren't, it is 'Loan' not 'Lone.'
ste, sorry I missed the a & firefox corrected to lone not loan, sorry 😉
jam bo, I don't, I just get the offers, card set to pay full amount at payment date 🙂
gary & north, I get it, but do people really just sign up to 0% thinking it is just that ❓
Cheers.