Answers
Is there a card that doesn't have a balance transfer fee as well? My current 0%card is about to go to10%, and I have $3000 left on it from health care charges. What is the best card to go with? I normally never charge stuff, but this year was really bad for medical costs. Thanks in advance for any advice!
0% APR offers are few and far between. Even low rate offers are hard to find right now.
And they all have transfer fees. Use to be that the transfer fees max at $75. Not any more. It's 3% of the whole amount.
www.0balancetransfercreditcard ssite.com 0 APR Balance Transfer Credit Cards Is This A Good Choice For Me? Find out if you should apply for a 0 apr ...
yes the discover card it has 0% APR on balance transfers and no balance transfer fee?
you can go here to compare them,
http://www.bestcreditrates.net
Hi,
I made a big purchase in June and that bill ($12,000) is coming due in early August. I wouldn't mind delaying that payment somehow. I was thinking of transferring the balance to another card if possible. Are there any good cards out there for such a thing? (I always pay my bills on time and have excellent credit.)
Thanks a lot!
Not any more.
Hi, so, somehow I managed to get myself into debt...I owe $5,000 on an amazon visa card. They're charging me like 21% apr (which I understand is the same as the interest rate) and basically, I'm not able to pay it off...cause...I'm being charged for interest the same amount of money I'm paying off every month. Anyways, I got a pre approved card in the mail for 0% introductory apr on purchases and BALANCES for up to 12 months. (which is what I want to get this card for, to tranfer my $5,000 to a 0% apr instead of 21%) It basically says the way to lose that 0% is to not pay on time, or go over my limit, etc...which I wont do either.So, should I sign up for the card and transfer my balance, so I'm no longer paying 21%?
Probably, yeah. 21% on $5000 means you're paying over $1000 of interest every year. As long as there's not a balance transfer fee higher than $1000, then you'll save money the first year by moving your balance to the new card.
Pay attention to what the interest rate on the new card will be after the promotional 0% rate expires. You might find yourself even worse off in the second year if it has a rate higher than 21%
Also, don't miss a payment on the new card! You will instantly lose that 0% rate and have to pay the higher rate, which might be higher than 21%.
Can I transfer the balance from a relative's Best Buy credit card (APR 20.99%) to a new Citi credit card (APR 0% for 6 mo. on purchases and balance transfers) without having to take a cash advance on the Citi credit card?
A balance transfer is essentially a cash advance. Citi needs some incentive to allow you to use their money for free for six months and the balance transfer fee is it.
Keep in mind also that if your balance is not paid off in full in six months you could get charged all of the interest that would have accrued during that six month grace period.
Chase Freedom: Credit Card For Cash Back Rewards
Not long ago, Advanta closed my business card account when their credit card division folded. I had then expressed my need for a new credit card . Now that I got myself a replacement business card, it seems that I may need to get a new consumer card as well. I have a Bank of America Upromise rewards card that has no annual fees, but I’m hearing rumblings that fees may be introduced for this card soon.
Given that my #1 requirement for a credit card is that it has NO annual fees , then I may have to start shopping around for a possible replacement. I pay my credit card bills in full each month, so I’m most interested in rewards credit cards , and in particular, cash back credit cards that have NO fees. On that note, I’ve decided to be proactive and look at a few such cards in more detail, including Chase Freedom (SM).
...News
Credit Card Companies Are Sending Out Early Holiday GiftsHuffington Post (blog) - Oct 21, 2009
On the other hand, it could be a nice little 0% balance transfer offer--handy for the season of spending ahead. Hm. The letter is a little on the light side and more »Moneysupermarket.com - Oct 23, 2009
A balance transfer offer is no good if you need to borrow to fund a purchase. In this instance it's a card that offers a low rate for purchases that you and more »lovemoney.com - Oct 23, 2009
So at this point, you'll need to transfer your debt onto a 0% balance transfer card, such as the Virgin Credit Card ,which offers an interest-free period onlovemoney.com - Sep 29, 2009
Finally, if you already have store card debt that you're struggling to pay off, move it on to a 0% balance transfer card such as the Virgin Money Card which and more »Reuters - Oct 06, 2009
The NEA Platinum Plus card, available to teachers who are members of the National Education Association, offers a 6.24 percent APR and 0 percent on balanceMSN Money UK - Oct 13, 2009
But the APR is a complicated formula and it can confuse rather than clarify. It does not, for example, include any balance transfer fees on credit cards orlovemoney.com - Oct 10, 2009
Should you transfer it all onto a 0% interest credit card perhaps? Or would you be better off going for a fee-free, lifetime balance transfer card?