Had a letter off Halifax!

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29 November 2008, 10:02 AM

Ant

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Had a letter off Halifax!

had a letter few days back saying my credit card interest has gone down from 16.9% to 6.9%. Wasn't expecting that, anyone elses changed?

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29 November 2008, 10:04 AM

stistussy

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how nice.

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29 November 2008, 10:19 AM

Jamescsti

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No but keep getting Virgin Card writting to me offering me deals on my existing card since I paid the balance off, they are chasing business at the moment

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29 November 2008, 10:22 AM

Timwinner

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Thats an awesome deal, Now if only they could get rid of that Howard fella.....

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29 November 2008, 10:27 AM

Jamescsti

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I'm sure theres better deals to be had, there's companies offering 18 months 0% on balance transfers

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29 November 2008, 03:22 PM

RJM25R

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Quote:

Originally Posted by Jamescsti

I'm sure theres better deals to be had, there's companies offering 18 months 0% on balance transfers

With a 3% fee. . . . And if you use the card, you still get the high rate on the "new" borrowing, but your monthly payment pays off the "old" debt so you're still paying interest on the new money

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29 November 2008, 03:47 PM

Jamescsti

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Quote:

Originally Posted by RJM25R

With a 3% fee. . . . And if you use the card, you still get the high rate on the "new" borrowing, but your monthly payment pays off the "old" debt so you're still paying interest on the new money

Thats why it's advisable to not spend on the card if you do a balance transfer.
Still there are cards out there which offer 6 months 0% apr on purchases too

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