Balance Transfer Advice

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 »

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 »

No Maximum Fee on Balance Transfers

April 16, 2010 No Comments »

Nowadays, a lot of credit card issuers have removed balance transfer fee caps, so there is no maximum fee they can charge. This is certainly something to pay attention to, given the fact that balance transfer fees can be sky-high ... Read More »

Does a Balance Transfer Count as a Payment?

April 1, 2010 No Comments »

Balance transfer Q&A: “Does a balance transfer count as a payment?” A credit card balance transfer works just like a normal credit card payment, except it’s made by a third-party, namely, another credit card issuer, instead of by you. The ... Read More »

Moving a Balance Transfer to Your Checking Account

Moving a Balance Transfer to Your Checking Account
March 29, 2010 2 Comments »

These days, it’s entirely possible to send the money from a balance transfer straight to your checking account, thanks to the widespread availability of balance transfer checks. Instead of simply using a credit card balance transfer to pay off an ... Read More »

How to Get the Balance Transfer Fee Waived

How to Get the Balance Transfer Fee Waived
March 28, 2010 4 Comments »

The cool thing about the credit card industry is the ability to negotiate. In truth, you can negotiate just about anything in life if you’re brave enough to speak your mind, but when if comes to credit cards, it’s always ... Read More »