Discover No Fee Balance Transfer Credit Card Launched

For a limited time, Discover is offering a no fee balance transfer credit card with 0% APR for 12 months on balance transfers!  And 0% APR on purchases for 12 months. The “Discover® More Card – No Balance Transfer Fee” credit card is a special promotional offer recently re-launched for 2012 and valid for transfers… Continue reading Discover No Fee Balance Transfer Credit Card Launched

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

Does a Balance Transfer Count as a Payment?

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 third-party essentially agrees (with your consent) to pay off your existing debt with one or… Continue reading Does a Balance Transfer Count as a Payment?

Moving a Balance Transfer to Your Checking Account

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 existing balance on another credit card, you can write yourself a check using a balance… Continue reading Moving a Balance Transfer to Your Checking Account