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Is your 0% transfer deal about to expire?

In January 2009 we saw a number of new 0% transfer deals in the UK credit card market with the average lasting between 15 months and 16 months. As a consequence many people in the UK will now be coming to terms with the end of their 0% transfer deal and face the prospect of significant interest on their remaining balances. However, help may be at hand!

Yesterday we saw the introduction of a 0% balance transfer deal from the Yorkshire bank and Clydesdale bank with hopes that many others in the sector will follow suit. These two banks are also offering 0% interest on all purchases for the first three months which is obviously going to prove beneficial to many in the UK. The truth is that if you look around there are some excellent deals out there with the prospect of saving hundreds of pounds in interest. Even though some consumers may well be licking their wounds this morning with their current 0% balance transfer deal coming to an end there is hope.

After a period during which we saw UK credit card rates tick higher and higher it seems that competition is finally starting to return to the marketplace.

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