Monthly Archives: August 2010

Don’t Balance Transfer Disputed Charges

August 20, 2010 No Comments »

More in my series of balance transfer pitfalls… The credit card issuers warn you themselves about this common problem if you read the fine print. I dug down into Citibank’s disclosures, and found the following line: “You should not transfer ... Read More »

Continue Making Payments During a Balance Transfer

August 13, 2010 No Comments »

While I believe credit card balance transfers are a great tool to manage debt and get rid of finance charges, it’s still important to point out all the possible drawbacks. One such issue is missing a payment on your old ... Read More »

Watch Out for the Default Rate on Balance Transfer Credit Cards

August 12, 2010 No Comments »

I’ve already spoken about the benefits of balance transfers in depth, along with the problems and pitfalls. But one thing I forgot to mention was the default rate on balance transfer credit cards. By default rate, I mean the interest ... Read More »

Balance Transfer Minimum Payment

August 5, 2010 No Comments »

How Much Are You Required to Pay Each Month? One downside to a credit card balance transfer is that the minimum payment may be higher than that on a standard credit card balance tied to purchases. For example, Discover calculates ... Read More »