No Balance Transfer Fee Doesn’t Mean Best Deal

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 come with a fee, there’s a very good chance it’ll come with APR above 0%.… Continue reading No Balance Transfer Fee Doesn’t Mean Best Deal

Continue Making Payments During a Balance Transfer

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 credit card after executing a balance transfer request. Let’s look at an example: Credit card… Continue reading Continue Making Payments During a Balance Transfer

Watch Out for the Default Rate on Balance Transfer Credit Cards

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 rate your credit card will adjust to if you fail to make an on-time payment,… Continue reading Watch Out for the Default Rate on Balance Transfer Credit Cards

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

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, many of us fail to pay off the entire balance before the regular APR kicks… Continue reading Use Balance Transfers to Pay Off High Interest Rate Store Credit Cards

Chase Balance Transfers for Existing Customers

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 card balance. You should see this option next to each Chase credit card in your… Continue reading Chase Balance Transfers for Existing Customers