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leedspaddy

Balance Transfer question

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I keep getting these balance transfer offers through the mail from my creditors and I had another one today which I for some reason decided to open instead of throwing straight in the trash. Now I haven't done a balance transfer in many years but I was wondering whether things have changed with how these BTs are structured. Please correct me if I am wrong but I always thought that when you do a BT with 0% for 12 or 15 or 18 months that you are not charged any interest whatsoever on the transferred amount and that you only start accruing interest on the day the 0% period runs out if there is still a balance remaining. With this particular offer, it stated that which ever offer I chose, I would start accruing interest the day the transfer posts to the account but would only be charged the accrued interest at the end of the 0% period if there is a balance remaining.  Is this an industry standard or is this the way it has always been or is this just another crap offer from a small bank???????

 

Thanks

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