By now, you’ve probably heard about Bank Transfer Day, which was an initiative that called for consumers to move their money from large commercial banks to non-profit credit unions. Call it the 99% using their numbers to do one over on the 1%, if you catch my drift. The event took place on November 5,… Continue reading Balance Transfer Day: A Marketing Gimmick?
Chase Slate Balance Transfer: 0% APR and No Fees!
Chase Slate Balance Transfer Offer Is Hard to Beat Finally, an out-and-out no fee balance transfer offer with no costs whatsoever! That’s right, for a limited time (well, it’s been a few years now but I wouldn’t look a gift horse in the mouth), the Chase Slate credit card is a 0% APR no fee… Continue reading Chase Slate Balance Transfer: 0% APR and No Fees!
Are Balance Transfers Safe?
If you’ve been thinking about executing a balance transfer, you may be wondering if they’re safe to use. This is a legitimate concern, considering money is involved. So what’s the answer? Well, as with anything that involves your money and personal finances, you need to do your due diligence. First and foremost, ensure you’re working… Continue reading Are Balance Transfers Safe?
You Can’t Balance Transfer Within the Same Bank
A good number of consumers seemed to get tripped up by credit card balance transfers and how they work. As I’ve said before, credit card issuers don’t do a great job explaining how to use them. Instead, they simply bombard you with offers in your mailbox, inbox, and anywhere else they can think of. So… Continue reading You Can’t Balance Transfer Within the Same Bank
How to Consolidate Credit Card Debt
Perhaps one of the best ways to efficiently and effectively consolidate credit card debt is via a balance transfer. You’ve probably received balance transfer offers from your credit card issuers in the mail, and if you don’t know what a balance transfer is, check the link below for an in-depth explanation. [What is a balance… Continue reading How to Consolidate Credit Card Debt
Balance Transfer vs. Personal Loan
It’s that time again, where I compare balance transfers to other financial instruments to see which is best in particular situations. Today’s matchup: “balance transfer vs. personal loan.” Balance Transfers In short, a balance transfer allows you to shift high-APR debt from one credit card to another (what is a balance transfer?). Sometimes, you’re also… Continue reading Balance Transfer vs. Personal Loan
0% Balance Transfer Isn’t Necessarily No Fee
While this may sound like an obvious mistake, I wanted to clear something up for others new to the balance transfer game. A reader noted that they received a “zero percent balance transfer fee credit card” from a credit card issuer. They added that it offered 0% APR for 12 months. This is a bit… Continue reading 0% Balance Transfer Isn’t Necessarily No Fee
Balance Transfers Get More Protection Under Card Act
A new Federal Reserve rule will protect credit card holders taking part in promotional programs that waive interest charges for a certain period of time. As far as I can tell, this will apply to credit card balance transfers, such was 0% balance transfer credit cards and others that allow card holders to avoid paying… Continue reading Balance Transfers Get More Protection Under Card Act
Why Do Credit Card Issuers Offer Balance Transfers?
If you already know what a credit card balance transfer is, you may be wondering why credit card issuers choose to offer them. In short, a balance transfer allows a consumer to move a credit card balance from one credit card to another in the hopes of saving some money. Credit card companies typically lure… Continue reading Why Do Credit Card Issuers Offer Balance Transfers?
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