Recession means zero per cent card deals are drying up
The days of transferring your credit card debts from one zero per cent deal to another look like they are coming to an end.
With the recession, customers are finding it more and more difficult to apply successfully for new cards, with many card providers now saving their top deals only for those with the best credit records.
Research by comparison website uSwitch.com has found that one in 10 people have had a credit card application refused in the last year, with 57 per cent of these failed applications - equivalent to nearly two million people - for balance transfers.
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