Why 0% credit cards cost you money

When it comes to credit cards, many borrowers chase the longest 0% balance transfer deals available. But these aren’t always the best deals for everyone.

When it comes to credit cards, most savvy borrowers spend their time chasing the longest 0% balance transfer deals available. But these aren't the best deals for everyone. For some of us they work out more expensive than simply opting for a low-rate credit card.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.