What Happens to My Old Credit Card After the Balance Transfer?

There are lots of interesting balance transfer-related questions out there, and I just stumbled across one I haven’t touched upon. It has to do with the “old credit card” involved in the transaction, the card that should have a zero balance once you’ve completed your balance transfer. In short, a balance transfer involves two credit… Continue reading What Happens to My Old Credit Card After the Balance Transfer?

What Happens If You Don’t Pay Off Your Balance Transfer?

Most folks have a decent understanding of credit card balance transfers. If you don’t, read my primer for more info. Simply put, they allow you to move outstanding credit card balances from one credit card to another to save money. This is accomplished by moving the debt from a high-APR credit card to a 0%… Continue reading What Happens If You Don’t Pay Off Your Balance Transfer?

What Is a High Interest Rate for a Credit Card?

Balance transfer Q&A: “What is a high interest rate for a credit card?” Without high interest rates, credit card balance transfers simply wouldn’t exist. Indeed, it is because credit card APR is so high that balance transfers are offered in the first place. The main reason you’ll apply for a balance transfer is to lower… Continue reading What Is a High Interest Rate for a Credit Card?

Use the Wyndham Rewards Visa Signature Card to Make Your Balance Transfer Free

Get 0% APR for 15 Months on Balance Transfers and $25 One of the main downsides to a credit card balance transfer is the fact that a balance transfer fee is typically charged. This fee is generally 3% of the amount transferred, so it can add up quickly. Fortunately, there are lots of no fee… Continue reading Use the Wyndham Rewards Visa Signature Card to Make Your Balance Transfer Free

The Best Balance Transfer Promotions Are Offered Early in the Calendar Year

Winter Spending Means New Year Savings It’s time for another friendly balance transfer tip. If you’re thinking about transferring some credit card debt, the best time to do so may be early on in the calendar year. The reason being that credit card issuers, and especially local credit unions, like to send out their best… Continue reading The Best Balance Transfer Promotions Are Offered Early in the Calendar Year

A Balance Transfer That Actually Earns Cash Back Rewards

A while back I wrote about balance transfers and credit card rewards. And more specifically, that you don’t earn rewards on transferred balances. Often it’s an exclusion when the credit card you transfer the balance to is offering rewards for spending. Put simply, most credit card issuers don’t consider a balance transfer to be “spending.”… Continue reading A Balance Transfer That Actually Earns Cash Back Rewards