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The results for the compareandsave.com poll, ‘Do you normally switch credit cards at the end of a 0% balance transfer offer?’ are now in.

We would like to thank those of you who took part in our poll because it is good to see people getting involved in our site.

Of the 296 people who took part in our poll, 55% said that they always switch credit cards at the end of a 0% balance transfer offer and 16% said that they ‘sometimes’ switch.

The other 29% of people said that they don’t switch at the end of an introductory 0% offer. Out of this group, almost two thirds said they didn’t move their balance to another card because they couldn’t be bothered. The other third said that they simply forgot.

There are many fantastic credit card deals out there at the moment, so you may be missing out if you don’t compare 0% credit cards.

If you are one of 29% of people who either can’t be bothered or forget to switch at the end of a 0% introductory offer, you may be better off with a life of balance credit card which will offer a much lower fixed interest rate until you manage to pay off your balance.

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3:18 pm | Categories: Credit Cards, General Info, Money
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  • meringue87 says:

    14 Mar 08
    12:03 pm

    I only ever switch my credit card at the end of a interest-free offer if I know for sure that the balance transfer fee isn’t going to be more than the interest I would’ve paid throughout the offer period.

    I can’t believe so many people just can’t be bothered with their finances these days. People should look after their money more.

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