In a week when the state owned bank Lloyds announced along with other European banks that it had returned to making a profit, the financial crisis for most of us remains a long way from being resolved.
Restrictions put in place by the financial institutions to make the business of borrowing money may have been eased slightly, but too late in many cases to help the many businesses that demanded help a year or more ago.
The government’s may have saved the high street banks, but in doing so left many business of all sizes having to fend for themselves. The results of this are still clear to see with news of job losses around the whole of Europe almost on a daily basis.
The fact is that none of us are safe from the constant talk of job losses and redundancies and many have already adjusted to living on a more frugal budget as they do not know if they will be next.
There are many amongst us who use our credit cards on a daily basis and have built up a balance that is becoming a struggle to deal with. In the past it was easy to transfer outstanding balances to another card offering zero interest for a given period, giving some reprieve to the borrower who could make plans to clear the debt without incurring further charges.
These zero percent offerings are almost a thing of the past in today’s climate, but there are still some low APR credit card offers around. The Republic of Ireland’s third largest credit card provider MBNAÂ for instance are currently offering zero per cent on transfers to their Platinum Card for a period of the first ten months.
The Platinum card is one of a range of credit cards that are acceptable in over 29 million retail outlets and 1.2 million ATMs around the world, making it one of the best credit card deals in Ireland right now.
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