Comments on: 0% Balance Transfer Credit Cards (No Fee)

By: Pam Hlad

Pam Hlad — Fri, 06 Nov 2009 22:04:42 +0000

I really learned a lot by reading your information and the comments from others. Please keep me updated with future information.
Thank You

By: gj

gj — Tue, 27 Oct 2009 13:21:48 +0000

the key is does it have a cap on the 3% ie. $99 or $75 max

By: Chase Chaser

Chase Chaser — Tue, 27 Oct 2009 04:45:27 +0000

Check out Chase Slate Card With Blueprint as it is offering 0% balance transfers and 0% purchases for up to 12 months (3% balance transfer fee though). Limited time promotion methinks…though it might be a permanent feature of the card. Who knows…balance transfers are hard to find these days. Keep in mind -the card is NOT a no balance transfer fee zero percent offer.

By: ohbet

ohbet — Wed, 21 Oct 2009 06:58:38 +0000

can i have a favor for the store who are engage in 0% …. i bought a unit from nokia and store said 0 %.. But when the computation are finish.. the cost of unit instead of 10000.00 is going to 12500. i asking why the cost of 0% is not consider to the actual price of 10000 they said …. the regular price is not like a discounted price … okey i got it but if it is transfer to 12 month 0 interest the cost is getting higher.. i ask again the they replied 6 month is not a 12 month the interest is getting higher when month is longer…. so i said where is the 0 interest… then i ignore…. is that your policy.. thank you

By: Manju

Manju — Tue, 22 Sep 2009 15:35:57 +0000

Lessons learned: Keep the car loan, if it is payable in 72 months at whatever percentage, with monthly payments as low as $150 per month. I have spent more in fees by trying to transfer it from one credit card to another. In two and a half years the principle has reduced very little.
I recently combined two large balances to my Citicard (the car loan and Lowe’s loan). Since I have had that card for more than 10 years with an excellent standing with them, they have waived the 3% transfer fees. I mentioned to them that the same balance has been bouncing back and forth between citibank and BOA for the past four turns and I have paid fees every single time………..When I called them yesterday I noticed that the fees were not part of the balance, I hung up the phone with no comments. Keeping my fingers crossed that there will be no fees when the statement arrives. They have also dropped my int. rate from 21.99% to 12.99% after the promotion is over.
I have talked to Citicard about a payment plan at prime for the life of the loan. They said it’s possible, I have to keep checking with them as it would be a brief promotion. American Express or Discover was offering one a 4% last year but the amount of loan was very low.
If there is a low rate out there for the life of the loan I’d like to know.

By: Brent

Brent — Sun, 20 Sep 2009 03:54:47 +0000

Mary,

My suggestion is to get away from the credit cards. I delved in them when transfer fees were low and interest rates were zero but those deals seem to have disappeared. The lowest transfer fee cap I see these days is $199. Most are 3% with no cap, so on a relatively low $4,000 balance, that’s $120. I’ve become a fan of Dave Ramsey the financial advisor who counsels people on getting out of debt. He recommends no use of credit cards for any reason, because they trap you and cause you to spend more than you would with cash or even a debit card. His solution when you can’t seem to make progress paying: get enthusiastic about eliminating the debt, even get a second job to pay off the smallest debt first. He says interest rates are not nearly as important as the psychology of successfully eliminating the debt piece by piece. Its all about discipline – to not overspend, and sacrifice – to overcome the debt burden.

By: Mary

Mary — Sat, 19 Sep 2009 02:46:35 +0000

I have a slightly less than 4000 dollar balance on a citibank card that has increased the interest to about 24 per cent. I have been offered a 1.99 percent balance transfer with a small fee – for 6 months – but after that it would then be at 29.99 percent – with Discover – this card currently has a zero percent balance. I am trying to determine if this is a good deal or not. The thing that annoys me is I did have 11.99 percent interest rate on the discover card – and I wasn’t using it – except for small purchases which I immediately paid off – but they raised the interest rate on that one to 29.99. My citi bank card has more than doubled the interest rate. I was making a dent in the balance – but now I am just going slightly over on the minimum payment. If the discover card was a 12 month card – I would probably go for it – since I am looking for a new job and plan to have one soon – but not sure I can get rid of the balance by Feb. I really hate citibank – but I see discover is doing the same thing – raising rates for no reason. So is it a good deal or not? I have not been late on any payments on any cards – but my income is down a bit during this recession – and I suspect that is why my interest rates have gone up. Thanks

By: mark

mark — Thu, 20 Aug 2009 18:35:09 +0000

Iberia bank cards are now 2% balance transfer fee and NOT 0% APR anymore. (as of 8/20/09)

By: Caren

Caren — Fri, 10 Jul 2009 11:16:47 +0000

I think the game is over. In the past, I was always able to pay “zero” percent and when the introductory rate was over, transfer to a new card – with a zero percent balance transfer fee. Over the last year, it became more difficult to find this and now I’m afraid, soon impossible. The best were cards that offered a balance transfer fee that maxed out at $50. Now, it seems to be closer to $100. I’ve made a policy of paying little to no interest on my credit card balances over the last few years but now it really seems prudent to do one’s best to pay off the balances. It does seem that those that paid in a timely manner and followed the rules, are now being penalized for those who didn’t….

By: Bruce

Bruce — Tue, 07 Jul 2009 12:37:17 +0000

Just checked both Pulaski and Iberia links; both seem to have pulled their 0% APR, no balance transfer fee offer….Iberia has 1.99% APR…..

By: Gina

Gina — Mon, 06 Jul 2009 20:47:57 +0000

I had the same thing happen a few years ago with Capital One…bills were “lost” in the mail more than once so I missed a payment and lost the 0% and just happened to look closely at the bill I finally received to even notice it. Since then I’ve learned to look over any bills I get carefully for fine print that notes changes…I’m learning in my old age.

By: Jill

Jill — Mon, 15 Jun 2009 15:07:09 +0000

As of 6/15/09, Wachovia bank is still offering a 0% balance transfer credit card for 12 months with no annual fee and a balance transfer fee of 3% per transaction (or a $10 minimum, $99 maximum) ! Go to homepage, type in 0% balance transfer credit card in search, look for Visa Platinum Rewards card. Good luck applying!

By: Krisstina

Krisstina — Tue, 26 May 2009 16:49:36 +0000

If anyone knows how or to who to make a complaint againse Capital One, please let me know. They made $150 in interest off of me before I discovered their switch and was able to transfer the balance and close the account. I also switched to Chase 0% and a cap of $99 on the transfer fee. Worth it never to deal with Capital One again. I didn’t know about the cap on the transfer fee until I called to make the transfer.

By: Vicki

Vicki — Tue, 26 May 2009 03:32:19 +0000

Capitol One – the same thing happened to us that happened to Denisse and Krisstina. We applied on-line for a 12 month 0% balance transfer and when the bill came I called and Capitol One stated it was only for purchases and like Krisstina it was our word against theirs. The first rep did say he had received many calls complaining about this and I was able to get the fees reversed on the first statement and transferred the funds to another account and closed the Capitol One account. I transferred the funds to a 0% $75 fee with Chase, but I don’t see this offer right now.

By: Heather

Heather — Thu, 14 May 2009 23:14:38 +0000

Sorry I meant $99 max not 499 max