(PRWEB) July 25, 2005
Information from the credit card comparison internet site http://www.creditcards121.com has shown that % stability transfer credit card gives remain as common as ever in spite of the introduction of stability transfer fees and the proliferation of common reduced price interest credit cards.
One particular of their most common cards, the Virgin card, delivers a prolonged phrase % balance transfer offer of nine months and demand has remained strong for this card even even though is a two% fee for stability transfers has been introduced. It has been speculated that with the introduction of balance transfer charges that consumers would switch to very low price credit cards rather, but this has failed to materialize.
According to user statistics from http://www.creditcards121.com this seems to be because % stability transfer offers can nonetheless represent excellent value to the client base they have been targeted by prior to the introduction of balance transfer costs. Their most popular card, Virgin, charge 2% handling charge or optimum of £35, this is correct for most credit cards that charge on stability transfers with the optimum charge typically no far more than £50. Buyers who wish to steer clear of paying interest on their balance and have no want to increase their debt can nonetheless save funds in comparison to a low price provide.
According to information on Virgin’s website, with a Sainsburys Bank Visa Card at 15.9%,a equivalent APR to numerous well-liked credit cards, you could conserve £112 in interest over 9 months by switching to Virgins % balance transfer deal with a £1,000 stability. This figure incorporates the stability transfer charge and aptly demonstrates there are even now financial savings to be made from % balance transfer offers.
