Brits favour cards with zero per cent balance transfers
Britons are most attracted to credit cards which offer a zero per cent balance transfer, despite a slew of other features introduced by providers to attract business. Of over 2,000 credit card holders surveyed by Fairinvestment.co.uk some 21 per cent said they consider a zero per cent transfer offer the most important feature when selecting a provider. In second and third places were a "competitive rate" and "no annual fee" with 18 per cent of the vote each.However, the design of the card was cited as important by just three per cent of people, suggesting that aesthetic concerns are falling by the wayside as people engage more seriously with their finances in the face of the credit crunch. Head of credit cards at Fairinvestment.co.uk, Matt Edwards, said: "It is good to see that consumers are trying to get as much as they can from their credit card providers. It is also reassuring to see that consumers are taking the credit crisis seriously and choosing their credit card deal accordingly."There was a time when credit was so readily available that credit card design was something that mattered to people, now I am glad to see that design was hardly considered important."
Share this..
Related stories
Is it cheaper to buy a home than to rent?
Experts now believe that first-time buyers should be looking towards a property purchase rather than renting their home due to the fact that house prices have fallen so far over the last two years. While there are obvious implications with regards to a purchase and rental of a home these need to be taken into account and balanced against the long-term future and long-term investment potential. Is...
Read MoreShould you increase your mortgage payments where possible?
Yesterday's news that interest payments on mortgages are now at their lowest percentage of household income in 35 years is obviously good news and will take some pressure off stretched budgets in the UK. However, if your mortgage payments are now lower as a percentage of your household income than ever before, is it time to look at increasing your mortgage payments to take advantage of low interes...
Read MoreActivists file a lawsuit against Royal Bank of Scotland
It has been revealed that the RBS Shareholders Action Group has appointed a prominent UK law firm to stake a claim for damages in the region £9 billion against the Royal Bank of Scotland. The allegations centre round a £12 billion rights issue announced in May 2008, just prior to the collapse of the company and the government injecting taxpayer funds to bail out the operation. A number of shareh...
Read MoreKeep an eye on your finances even if the economy turns!
Even though many experts believe that the UK economy will turn around in the latter part of 2009 and the early part of 2010, this is not the time to take your eyes off your personal finances and assume that everything will sort itself out. As we have mentioned on numerous occasions, even if the UK economy was to turnaround tomorrow there will still be a significant drag in the employment market wi...
Read MoreIs the Eurozone recovery now wobbling?
Today we saw confirmation that the recovery in the Eurozone economy may not be as robust and strong as many people had assumed. Unemployment in the third quarter in the Eurozone fell by 0.5% quarter on quarter and by 2.1% year on year. There was also a reduction in industrial output of 0.6% month on month and 11.1% year-on-year. So what does this mean for the future of the Eurozone economy? The...
Read More