Jul
10
Transferring 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. T Read the full post