Beware Of These 0% Card Tricks! - 27/09/2006

Beware Of These 0% Card Tricks! - 27/09/2006

I think this is worth repeating...

Balance transfer fees expressed as annual equivalent interest rates (AERs)

(based on a transfer of £1,000 which is fully repaid in equal instalments by the end of the 0% deal)

Interest-free period	Fee of 2%	Fee of 2.5%	Fee of 3%	Fee of 4%
Six months	7.0% AER	8.9% AER	10.7% AER	14.5% AER
Nine months	4.9% AER	6.1% AER	7.4% AER	9.9% AER
One year	3.7% AER	4.7% AER	5.6% AER	7.6% AER

Source: M&S Money