Comments on: Guess What Balance Transfer Credit Cards Are ‘Up To’

By: Credit Card Guru

Credit Card Guru — Wed, 08 Jul 2009 06:34:11 +0000

I don’t believe with this 0% transfers. You think financial companies such as banks will do us a favor without earning something from us? Of course not. But they kept on saying such things as 0% etc, when in fact there will be charges and that I’m not happy. They should be very transparent about this especially to their clients and cardholders. You are right, they should be informed with all these after all.

By: Manshu

Manshu — Fri, 15 May 2009 23:34:50 +0000

Very useful post, not often that you see the fine print magnified like this. Thanks.

By: Rajeev Kumar Singh

Rajeev Kumar Singh — Thu, 14 May 2009 12:30:11 +0000

I think it is in the interest of both the banks and the customers that banks resort to “risk based pricing” rather than offering plain vanilla schemes to all and sundry. Since balance transfer is virtually giving vredit at 0% for the defined period, it makes sens for the banks to caliberate the time period with the crediyt history of the user. I would though like the banks to be more forthcoming and straightforward in their communication with the customers regarding this. They should not bury this info the fine prints.