Financial Times FT.com

'Rate tarts' put 0% credit card deals in danger of withdrawal

By Sarah Ross

Published: February 26 2005 02:00 | Last updated: February 26 2005 02:00

Credit card providers are considering withdrawing zero per cent deals, in a sign of their growing exasperation with "rate tarts" who switch cards as soon as they have to start paying interest on their borrowing.

Credit card companies believe that increasingly savvy consumers are shifting between different types of credit - credit cards, personal loans and mortgages - to get the best deal.

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