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Sep 15, 2006
Cheshire Building
Society has announced changes to its credit card rates in a bid to become more competitive
in the market. The card now comes with a rate of 0% per annum on balance
transfers, 2% handling fee applicable, for 12 months and 0% per annum on card
purchases for three months with no annual fee.
After the
introductory period, Cheshire
says the card will revert to a typical rate of 15.9% APR (variable). The card also
has up to 56 days interest free credit if the balance is paid in full. Other
features include tailored credit limits, up to three additional cardholders on
the account, and MBNA's fraud protection guarantee.
“This is a
fantastic offer for individuals who are looking to borrow money in the short
term as all purchases are interest free for the first three months. The card is
also a great option for borrowers looking to consolidate their existing card
balances on to one card, giving them a 12-month period at 0% p.a. on balance
transfers,” Zena Carter, Affinity Development Manager at Cheshire.
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