Sunday 22 April 2018

Credit card recovery

Too much plastic surfing over the Christmas? Time for some swift damage-limitation tactics. Stop card debt rising out of control now by switching to one with a 0 per cent rate on balance transfer.

Careful though -- the interest rate tends to rocket up rather high after a spell. Still, changing card providers can save you hundreds if you're not able to pay your bill off in one fell swoop. Based on an average €1,500 Christmas card splurge.

Best: Tesco Personal Finance Clubcard credit card 0 per cent on balance transfers for six months, and on new buys for eight months.

Avoid: National Irish Bank Visa, no balance transfer teaser, 20.51 per cent rate.

Saving: Up to €307.65

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