From: "Alex" 
Newsgroups: uk.finance
Subject: Re: MBNA zero per cent , a warning and hope!
Date: 2 Sep 2005 09:02:09 GMT

At 10:18:09 on 25/08/2005, Tim delighted uk.finance by announcing:

> > "mrcheerful ." wrote
> > > I was offered and accepted an mbna zero per cent
> > > credit card loan of 9500 pounds, the only charge was an
> > > initial set up fee of 50 pounds, the zero rate time 6 months.
> > 
> "Tumbleweed" wrote
> > you paid £50 for that? Are you barking?
> 
> £50 is under 0.53% of £9500 - so represents paying only about 1.1% per annum
> interest for those 6 months.

And a simple search reveals at least 7 different companies offering up to 9
months at 0% and *without* charging a transfer fee.

> So - it would only be "barking" not to take them up on it!!

It would be "barking" to pay 1.1% when you could pay nothing.