American Express balance transfer...2.9% fixed!!!!
23 December 2002, 07:50 AM
#1
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Got this through the other day, only just opened it 
2.9%APR on balance transfers for the life of the balance
That's the best offer I've ever seen.
£15 annual charge if you spend less than £500 a year on the card.
Emmm, shame I'm not modding this one eh
2.9%APR on balance transfers for the life of the balance
That's the best offer I've ever seen.
£15 annual charge if you spend less than £500 a year on the card.
Emmm, shame I'm not modding this one eh
23 December 2002, 09:07 AM
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Sounds very good !
The only things to watch are -
the minimum monthly repayment - it is normally at least 5% of the balance per month !
and any interest charges that are added to the balance are probably liable for the full wack APR !
Still a bloody good deal though !
The only things to watch are -
the minimum monthly repayment - it is normally at least 5% of the balance per month !
and any interest charges that are added to the balance are probably liable for the full wack APR !
Still a bloody good deal though !
23 December 2002, 07:01 PM
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MattW, yeah but as you pay the oldest items first I.e. the transfer you'd be paying the full 15.9% (I think at the mo) on the £500.
As said earlier the minimum repayment is the key. Mine is currently......... 0.2%
As said earlier the minimum repayment is the key. Mine is currently......... 0.2%
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