All posts by Colin Robertson

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 »

Compare Balance Transfer Fees

July 29, 2010 No Comments »

When comparing balance transfer offers, be sure to compare balance transfer fees as well. Ultimately, a balance transfer fee can be likened to the balance transfer APR, as you’ll be charged a certain percentage of your credit card balance for ... Read More »

Use Balance Transfers to Pay Off High Interest Rate Store Credit Cards

July 16, 2010 No Comments »

Let’s face it, we’ve all made a purchase at a department store or an electronics store, opting to put it on a store credit card instead of actually paying for it. And while it may have come with promotional APR, ... Read More »

Capital One No Fee Balance Transfers Aren’t Free

July 8, 2010 No Comments »

Capital One has been sending out no fee balance transfer offers to existing customers, but from what I’ve seen, the offers aren’t 0% APR. Talk about deceiving, right? If you visit the balance transfers page when logged in, you can ... Read More »

0% APR for 18 Months on Balance Transfers

April 29, 2010 No Comments »

Citi has released a new credit card balance transfer that offers 0% APR for up to 18 months. Yep, 18 months. But remember, the key phrase is “up to.” If your credit isn’t where they want it to be, you ... Read More »

Chase Balance Transfers for Existing Customers

April 26, 2010 2 Comments »

If you’re an existing Chase credit card customer, you can access personalized Chase balance transfer offers instantly online by going to their website. Simply log-on to their website and click on the “transfer balances” link next to your available credit ... Read More »

Balance Transfer Offers Telling of an Economic Recovery

April 19, 2010 No Comments »

If you follow balance transfer offers as much as I do, you’ll notice certain trends. Before the economic collapse, it wasn’t uncommon to see all types of high-risk credit card balance transfer offers. Credit card issuers were constantly pushing the ... Read More »