Regarding my last question. I have received an offer from Barclays. " Transfer cash to your bank account". 0% interest for a set period. Fee applies. Transfer money directly from your Barclaycard into your UK currant account.
So this is a 0% loan is it not. Well not totally. Is this what I am looking for. Thanks again.
Deal sounds okay to me (although i only consider these if there is a 0% fee), especially if you need some cash for an important purpose (like paying off a high% credit card /loan debt) or to solve a short term cash flow problem- provided:
- you can make at least the minimum payment each month
- you don't use the card for purchases
- you can definitely repay the whole amount within the interest free period
Not having checked the details myself, just going by your description, it's probably the nearest you'll get. But don't forget to pay it off in good time. These 'too good to be true' deals can go sour if you don't 'stay on the ball'.
If the 1.9% fee is charged to your borrowing account up-front, and you repay in 12 equal instalments, the equivalent to APR, being a fee and not interest, would be about 7.5%