Credit card balance transfer fees rise

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• Number of credit cards offering capped transfers falling
The number of credit cards with capped balance transfer fees is falling, according to financial experts. MoneyExpert.com said that 12 months ago consumers could choose from 18 different credit cards with capped balance transfer fees,
• Balance Transfer Credit Cards
Over recent years balance transfer credit cards have become very popular amongst cardholders in the UK. This is because these cards enable you to transfer credit card balances from existing cards that charge high levels
• Credit card balance transfers better value than personal loans
Consumers looking to take out a personal loan may want to consider a credit card balance transfer instead, claim financial experts. According to research from everyinvestor.co.uk, a borrower requiring £10,000 could save over £1,000 over
• Dramatic fall in balance transfer card deals over recent years
Over recent years many consumers have benefited from using balance transfer credit cards, as these cards have allowed them to save money on their credit card debt interest. However, since the onset of the global
• Credit card holders becoming more savvy
It is something that many of us have done in the past, but the UK payments association Apacs says that fewer of us are making purchases with our balance transfer credit cards.The organisation warns that
• Credit card providers making a killing
Small adjustments to charging and fees over the past years have added up to credit card providers making a mint on their customers.According to uswitch.com, the credit card companies will make a staggering £459 million
• Dormancy fees could affect customers trying not to use their credit cards
Whilst credit cards have certainly come in useful for many people in the current financial climate, overstretched finances and the threat of job losses has resulted in many consumers trying to avoid using their credit
• Over £1bn to be transferred between credit cards every month
Up to £1.1 billion is expected to be transferred between credit cards every month, according to new research. Findings from a study by Sainsbury's Bank showed that an estimated 716,000 consumers are responsible for the