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
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 see what balance transfer offers are currently available for your specific account. I was able… Continue reading Capital One No Fee Balance Transfers Aren’t Free
0% APR for 18 Months on Balance Transfers
Citi has released a new credit card balance transfer that offers 0% APR for up to 18 months. Yep, 18 months. But remember, the key phrase is “up to.” If your credit isn’t where they want it to be, you might only receive 0% APR for 12 months, or worse, just 7 months. Either way,… Continue reading 0% APR for 18 Months on Balance Transfers
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
Balance Transfer Offers Telling of an Economic Recovery
If you follow balance transfer offers as much as I do, you’ll notice certain trends. Before the economic collapse, it wasn’t uncommon to see all types of high-risk credit card balance transfer offers. Credit card issuers were constantly pushing the envelope to win over new customers, offering 0% APR for up to 16 months in… Continue reading Balance Transfer Offers Telling of an Economic Recovery
No Maximum Fee on Balance Transfers
Nowadays, a lot of credit card issuers have removed balance transfer fee caps, so there is no maximum fee they can charge. This is certainly something to pay attention to, given the fact that balance transfer fees can be sky-high on large credit card balances. At the same time, credit card issuers have increased balance… Continue reading No Maximum Fee on Balance Transfers
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
How to Get the Balance Transfer Fee Waived
The cool thing about the credit card industry is the ability to negotiate. In truth, you can negotiate just about anything in life if you’re brave enough to speak your mind, but when if comes to credit cards, it’s always an option. Often times, all you need to do is ask. Yep, just call your… Continue reading How to Get the Balance Transfer Fee Waived