Virgin Credit Card (Northern) Rocks says TheRateTart.com

Added: (Tue Dec 11 2007)

Pressbox (Press Release) - In the last 12 months many financial journalists have been predicting the death of the credit card Rate Tart.

It was said that firms were wising up. They would no longer stand by and let customers benefit from interest free loans if there was to be no pay off at the end of the introductory 0% balance transfer offer.


And it's true that things have got more difficult. First the the balance transfer fee caps of around £50 were removed. Then the credit cards offering no balance transfer fees fell away. And more recently balance transfer fees have increased from around 1.5% to between 2% and 3%.


But what has consistently not happened is the death of the 0% balance transfer deal. In fact, recently they have been making something of a comeback.


Virgin Credit Cards have the leading offer with a whopping 0% interest for 15 months. But you can also get 13 months interest free with NatWest Credit Cards, RBS Credit Cards and Barclaycard. The number of providers offering 12 month deals are still too numerous to mention.


Looks like the credit card Rate Tart is going to be with us for some time to come...