We’re experiencing in a golden age in terms of credit card products. There’s never been a better time for individuals paying too much interest on their credit card to get a better deal, so compare today and get a better deal for you.
United Kingdom (PRWEB UK) 3 April 2013
If you’ve looked the UK credit card comparison tables recently you’d be forgiven for forgetting that the country is still in economic turmoil. Credit Card competition is fuelling great offers from the issuers and, in the world of credit cards at least, the British consumer has ‘never had it so good!’
UK balance transfer tables are brimming with deals that offer over 2 years at 0%, and over the past month an additional 2 months has been added to the market leading balance transfer deal.
Of course longer ‘teaser’ lengths are great news for the cash strapped public, but there’s a price to pay. Canny shoppers will have noticed that the longest balance transfer deals have traditionally incurred some of the highest transfer fees. The great news for the public at the moment is that it isn’t just the headline balance transfer length that issuers are competing over. In fact, as issuers go toe-to-toe over the transfer fees, some of the longest transfer products now incur fees which are same, if not lower, than some shorter balance transfer products. What’s more, those willing to sacrifice a few months of the transfer period will discover products with very low transfer fees.
Relatively unnoticed, the Halifax "All-in-One" card dropped to a mere 1% fee for transferring for 15 months last Thursday. Assuming this deal could be repeated through another issuer at the end of the transfer period it trumps any of the top 5 balance transfer products in terms of fee paid per month of interest free balance.
So what’s next is the world of UK credit card deals? Well, if the past few weeks are anything to go by the British Public are in for a great year from a credit card perspective.
A spokesperson from compareandsave.com said:
“We’re experiencing in a golden age in terms of credit card products. There’s never been a better time for individuals paying too much interest on their credit card to get a better deal, so compare today and get a better deal for you.”
compareandsave.com is one of the UK’s leading personal finance comparison websites. Based in Colchester, Essex, compareandsave.com has been helping UK consumers get a better deal on credit cards, saving, loans and more for over five years.