Balance Transfer Advice

Do Balance Transfers Accrue Interest?

Do Balance Transfers Accrue Interest?
September 25, 2019 No Comments »

One of the biggest draws of a balance transfer is the fact it doesn’t accrue interest, assuming the APR is set to 0%, which it often is. With a 0% interest rate, any balance associated won’t be charged any finance ... Read More »

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

What Happens to My Old Credit Card After the Balance Transfer?
September 20, 2019 No Comments »

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 ... Read More »

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

What Happens If You Don’t Pay Off Your Balance Transfer?
September 18, 2019 No Comments »

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. ... Read More »

How to Pay Off Holiday Debt with a Balance Transfer

How to Pay Off Holiday Debt with a Balance Transfer
January 4, 2017 No Comments »

Welp, the holidays have come and gone, and the Christmas tree is starting to brown, assuming it’s still even in the house and not out on the curb. The decorations are back in the garage and the in-laws are long ... Read More »

Credit Unions Need to Better Advertise Their No Fee Balance Transfer Offers

Credit Unions Need to Better Advertise Their No Fee Balance Transfer Offers
October 12, 2016 3 Comments »

Earlier this year, I pointed out that one of the best places to find a no fee balance transfer credit card is at a local credit union. Why? In short, they tend not to charge a transaction fee to complete ... Read More »

What Is a High Interest Rate for a Credit Card?

What Is a High Interest Rate for a Credit Card?
March 22, 2016 No Comments »

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 ... Read More »

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

Use the Wyndham Rewards Visa Signature Card to Make Your Balance Transfer Free
March 7, 2016 1 Comment »

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 ... Read More »

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

The Best Balance Transfer Promotions Are Offered Early in the Calendar Year
February 26, 2016 3 Comments »

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 ... Read More »

Check Your Local Credit Union for a No Fee Balance Transfer

Check Your Local Credit Union for a No Fee Balance Transfer
January 12, 2016 No Comments »

Those looking to transfer a credit card balance will want to do so without any kind of fees. Unfortunately, most large credit card issuers charge a 3% balance transfer fee when you elect to move your debt from one card ... Read More »

Beware: Balance Transfers Don’t Count as Purchases

Beware: Balance Transfers Don’t Count as Purchases
September 17, 2012 No Comments »

Here’s another tip for those of you out there looking to execute a credit card balance transfer. If you don’t know what one is, read more about how they work before reading this post. So whether you realize it or ... Read More »