Summary
DESPITE the base rate dropping to a historic low of 0.5 per cent, credit card rates remain stubbornly high at 18 per cent on average, so it pays to find ways of cutting their cost. How do I pay nothing?: Look for a card offering an introductory 0 per cent rate to new customers.
Firms will probably charge a switching fee for transfers, so it isn't free money but with some cards offering 0 per cent on transfers for a year or more (Virgin and Santander at the moment) these can be useful for people with large card debts who need time to pay them off.See the full content of this document
Extract
Cutting the Cost of Credit ; Money: Hot Tips
Zero per cent purchase offers can also...
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