Latest Posts
Balance Transfer with 0% APR for 24 Months!
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
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!
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
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
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
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
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
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 »
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, ... Read More »
Capital One No Fee Balance Transfers Aren’t Free
Capital One has been sending out no fee balance transfer offers to existing customers, but from what I’ve seen, the offers aren’t 0% APR. Talk about deceiving, right? If you visit the balance transfers page when logged in, you can ... Read More »