Get ready for some changes in the face of the UK market this summer. Several major companies have announced changes in their best deals on balance transfer credit cards or lowered their typical rate on their most popular products. But, warns the Office for Fair Trade, it's important that consumers keep their eye on the fine print. Like the old saying goes, they give with one hand and take with the other.
Take Virgin Money. They announced with great fanfare at the beginning of this month that they were extending their 0% balance transfer deal from 9 months to 12 months, making it the longest 0% period among UK credit purveyors. They haven't been quite as loud in trumpeting a few other changes, though - like the fact that they've shortened their 0% introductory rate on new purchases, and increased their fee to an uncapped 2% of the transferred balance. Still, the Virgin Money 0% balance transfer card is one of the best deals on offer currently.
The Halifax One card is another of the balance transfer credit cards that's undergone some changes. The new offering is 0% interest on transfers AND new purchases for 9 full months, but the Halifax hasn't stopped there. They've
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