All posts by Colin Robertson

Balance Transfers Can Boost Your Credit Score

Balance Transfers Can Boost Your Credit Score
December 8, 2010 No Comments »

While a balance transfer request may come with a temporary credit score ding (does a balance transfer hurt your credit score?), it could actually improve your credit score in the long term. When you apply for new credit, whether it ... Read More »

Balance Transfer with 0% APR for 24 Months!

December 2, 2010 4 Comments »

Santander Sphere Card Offers Two Years of Zero Interest File this one under aggressive balance transfer offer! Santander Bank is offering a 0% APR balance transfer for 24 months (a full two years) via their new Sphere Card. The card ... Read More »

No Balance Transfer Fee Doesn’t Mean Best Deal

October 4, 2010 No Comments »

Consumers looking to execute balance transfers typically look for offers with no fee. But nowadays those usually aren’t the best deals, considering it’s near impossible to find a 0% APR balance transfer with no fee. If the balance transfer doesn’t ... Read More »

Don’t Use a Balance Transfer to Pay Off the Mortgage!

September 23, 2010 No Comments »

For some reason, certain people out there seem to think it’s okay to make their mortgage payments with a credit card. While there are (possibly were) a few services out there that allow you to pay your mortgage with a ... Read More »

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 »

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 »