Zero per cent credit card deals drying up
July 10, 2009 – 11:16 pmTransferring credit card debts from one card to another looking for zero per cent deals may be over as a practice. So-called rate tarts may now be forced to repay their balance. Many customers are finding it increasingly hard to apply for new credit cards, with card providers saving their best deals for those with optimum credit records .
The news was broken by comparison site uSwitch, who found some one in 10 people had a credit card application refused over the last year. Furthermore, some 57 per cent of these failed transactions were for balance transfers .
Personal finance expert at uSwitch.com, Louise Bond, reportedly commented: “We can’t ignore the fact that the country is in economic turmoil. The knock-on effect for credit card customers is that those with a less than perfect credit history could find themselves being turned down for the next-best zero per cent deal, forcing them to pay interest. T Read the full post
Changes are coming for all Northwest WorldPerks Visa cardholders. With the merger of Delta and Northwest, both frequent flyer programs will be integreated into the SkyMiles airline loyalty program, now exclusively provided by American Express (previously managed by U.S. Bank). For Northwest WorldPerks cardholders, American Express says they will be allowed to keep the miles they’ve earned; however, to earn additional miles they will need to apply for a Delta SkyMiles credit card.