Balance transfer credit cards: Interest-free deals continue to increase

Balance transfer bounce back continues: Banks boost 0% terms after credit card availability hit an all-time low There are now 59 balance transfer deals and 56 purchase deals available  Although below pre-pandemic levels these are more than were around in 2020  Banks have increased their interest-free term lengths since the start of the year This … Read more

Balance transfer credit cards: Some banks boost interest-free deals

Banks have brought back or boosted balance transfer deals over the last month as they loosen the lending taps, but borrowers looking to clear their debts still have less choice than ever before. MBNA, Sainsbury’s Bank and Virgin Money all lengthened the interest-free terms on some of their cards, while the supermarket lender also reopened … Read more

Danish borrowers are offered interest-FREE mortgages

Danish homeowners are offered ZERO-interest fixed mortgages for 20 years The fixed-rate loans are on offer from Danish branch of a Helsinki-based bank Other lenders including Denmark’s largest bank are eyeing up similar offers  Denmark’s central bank has had a negative benchmark rate for over eight years  By Tim Stickings For Mailonline Published: 15:09 GMT, … Read more

Overdraft rates hit all-time high as interest-free buffers will soon disappear

Borrowers relying on £500 overdraft buffers will be stung when they vanish as Bank of England finds rates for going into the red are at a record high Overdraft rates have more than doubled since March to 22.52%  Banks were required to lower customers’ borrowing costs for 3 months  Regulators gave them the green light … Read more

Best student current accounts in 2020 for freebies and large interest-free overdrafts

Despite the coronavirus pandemic throwing cold water on fresher’s week and an A-level results day fiasco which initially saw close to 40 per cent of grades marked down, thousands of students are set to start university next month. And even if close to 20,000 students will defer their entry until next September, many will still … Read more

Credit card crunch continues as interest-free terms hit a record low

The number of interest-free credit card deals has fallen to a record low for the second successive month, as banks continue to slash the availability of unsecured debt during the economic crisis caused by the coronavirus. Lenders are unlikely to be handing out fresh unsecured debt when there are doubts over borrowers’ ability to repay … Read more

Credit card approvals will fall and interest-free terms will shrink

Banks will increasingly tighten lending criteria over the next three months, approvals for credit cards and loans will fall and interest-free term lengths will shrink, banking giants and building societies predict. The Bank of England’s latest credit conditions survey revealed lenders by a large margin believe the availability of unsecured credit for households will decrease … Read more

Top interest-free credit card deals begin to disappear as providers cut deals

Some of the best interest-free credit card offers around have been cut or removed from sale over the last month, as lenders evaluate their offers amid the economic crisis caused by coronavirus.  Barclaycard and Tesco Bank have reduced 0 per cent balance transfer and purchase credit card terms throughout March and early April, while Sainsbury’s … Read more