The average introductory zero-interest period on such cards has fallen by just over a month since the start of July, analysis found (Dominic Lipinski/PA)Credit card providers’ introductory 0% balance transfer periods are shrinking, in a blow to those looking to ease the cost of their debts. The average introductory zero-interest period on such cards has fallen by just over a month since the start of July, analysis by Moneyfacts.co.uk of the deals currently on the market found. There is often a balance transfer fee to pay though, for moving the debt over to the card. Moneyfacts’ analysis found that while some providers had increased the 0% periods they are offering, more had reduced them, meaning that the average zero-interest period has shrunk. “Consumers searching for the very best deal today will find a chart-topping 29-month interest-free balance transfer offer from TSB, but even this deal has been tweaked over the past three months.

Source: Irish Independent September 28, 2020 09:45 UTC