March 31, 2006

By Peter Kenny

Credit card update alert

Marbles have increased their balance transfer period from six to nine months. This is a significant increase and puts the Marbles credit card on the same level as Virgin and the MBNA affiliated cards like Sony.

There is however, the dreaded balance transfer fee, which currently sits at 2% of any balance, and the fee is capped at £50.  There is no plans for Marbles to increase their current balance transfer fee the same way as Egg who recently raised their fee from 2 to 2.5%.

The bad news is that the Marbles credit card APR rises from 12.9% to 14.9% and there is now no cash back on any purchases.

Marbles still comes with some good offers like free travel accident insurance and internet delivery insurance, however, the increase in the balance transfer period will make many consumer consider Marbles as a viable option when choosing their next credit card.

This increase in the balance transfer period would mean anyone transferring a balance of £3000 over a twelve month period could save over £70* more than using the previous Marbles credit card

To apply for a marbles credit card you need to be over 21 and earn at least £5500 per annum. For more information please click here

*This figure does not include minimum monthly payments and is merely intended for basic information purposes