From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: Positive Credit Reference
Date: Fri, 11 Nov 2005 21:02:54 -0000


"Tim"  wrote in message 
news:dkvdju$lt9$1@nwrdmz01.dmz.ncs.ea.ibs-infra.bt.com...
>> > "Tumbleweed" wrote
>> >> You wont pay any interest as long as you pay your credit
>> >> card bill off by the due date. Thats how credit cards work.
>> >
>> "Tim" wrote
>> > Not necessarily!
>> > Some CCs will charge interest from the day of purchase, even if
>> > you pay it off in full.  Even some reputable companies cards do this.
>> > I agree that probably *most* cards work the way you state...
>>
> "Tumbleweed" wrote
>> Its hard to see why anyone would take such a card.
>
> For the (much) lower interest rate?!
>
> "Tumbleweed" wrote
>> I suppose there is always the exception, but can you name one?
>
> Halifax "Flat Rate" card ... standard interest 5.9%pa (balance transfers +
> purchases).
> https://www.halifax.co.uk/creditcards/flat_rate.shtml
>

Woooow! Scary!!

I stand corrected, v good info for the OP.

Scary that anyone would get one of these...better than a bank loan I 
suppose?

-- 
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com