Comments on: 0% Balance Transfer Credit Card Offers and Alternatives http://www.moneybluebook.com/0-balance-transfer-credit-card-offers-and-alternatives/ Personal Finance Beyond Credit Cards and Balance Transfers Wed, 17 Mar 2010 22:13:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Stephanie http://www.moneybluebook.com/0-balance-transfer-credit-card-offers-and-alternatives/comment-page-1/#comment-85659 Stephanie Sat, 25 Jul 2009 16:21:16 +0000 http://www.moneybluebook.com/?p=8162#comment-85659 The other catch with the 0% balance transfer is that once it is transeferred any money you put towards your card goes towards that 0% transfer, making it harder to pay off any debt you obtained before transferring any other debt. The other catch with the 0% balance transfer is that once it is transeferred any money you put towards your card goes towards that 0% transfer, making it harder to pay off any debt you obtained before transferring any other debt.

]]> By: Avery http://www.moneybluebook.com/0-balance-transfer-credit-card-offers-and-alternatives/comment-page-1/#comment-84262 Avery Sat, 18 Jul 2009 05:18:42 +0000 http://www.moneybluebook.com/?p=8162#comment-84262 Cash advance is very useful and the interest rate is not high if you repay the money once received the check. Cash advance is very useful and the interest rate is not high if you repay the money once received the check.

]]> By: Holly http://www.moneybluebook.com/0-balance-transfer-credit-card-offers-and-alternatives/comment-page-1/#comment-83975 Holly Thu, 16 Jul 2009 21:30:19 +0000 http://www.moneybluebook.com/?p=8162#comment-83975 Free balance transfers are not really free if you don't pay them back on time every month. My current 0% balance transfer has been more and more difficult to maintain due to the increasing minimum monthly payments by my credit card issuer (Chase). I've heard similar things with Citibank and Bank of America but can't verify. The shortened balance transfer periods from 12 months to just 6 months are making it harder for people like me to do debt consolidation properly. Increasing our monthly payment obligations make it even worse! Free balance transfers are not really free if you don’t pay them back on time every month. My current 0% balance transfer has been more and more difficult to maintain due to the increasing minimum monthly payments by my credit card issuer (Chase). I’ve heard similar things with Citibank and Bank of America but can’t verify.

The shortened balance transfer periods from 12 months to just 6 months are making it harder for people like me to do debt consolidation properly. Increasing our monthly payment obligations make it even worse!

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