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Old 8th May 2004 | 09:18
  #16 (permalink)  
QNH 1013
 
Joined: Oct 2000
Posts: 510
Likes: 0
From: England
Beware the Barclaycard "0%" credit card offer. I looked into this and found it was another "Hoover Offer".
The fine print shows that you have to spend a minimum of £50 per month on the card (min £600 pa) and this attracts their high interest, but you can't pay this off until you have paid the rest of the loan off; all the money you pay them each month goes to reducing the debt of the "0%" part. You therefore are building up a debt at high interest at the rate of £50 per month.
Do the sums and you will find its another "Hoover Offer".
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