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0answers
42 views

How to take advantage of a credit card balance transfer offer

My credit card company is giving this1 time only offer: Since my limit is 8000 and since I spent only 2000 this month, 95% of the balance =5700 $...they would like to deposit in my checking account. ...
2
votes
2answers
113 views

Is it acceptable to balance transfer a credit card's balance to itself?

Is it acceptable to balance transfer credit card debt to the same card? Often, balance transfer promotions come as checks in the mail, and I learned that you may write that check to yourself and ...
1
vote
1answer
57 views

Transferring money to Indian private bank

I work for a friend overseas who want to pay me through SKRILL (MONEYBOOKERS - PAYPAL like service) in USD. I would have my Moneybookers account linked to my Savings Bank Account in a private indian ...
3
votes
2answers
94 views

Explain this balance transfer offer

We have 3 credit cards which, up until this past summer, were always paid off in full. This past summer there was a perfect storm of events (car trouble + family emergency) and we are slowly paying ...
3
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1answer
593 views

How is “Balance Subject To Interest Rate” calculated?

I was approved for a balance transfer of $2,500 to a card, and that month my statement looked like this: INTEREST CHARGES (APR 2013) ...
5
votes
1answer
157 views

How to dispute a balance transfer that never posted with other creditor?

Three months ago, I did a credit union credit card balance transfer at 0% to pay down three student PLUS loans. In the payments, the account number and sequence number for the three loans were given. ...
0
votes
1answer
3k views

When does interest start for a 0% APR balance transfer?

I have made a balance transfer with 0% APR for 12 months and paid only the minimum for 12 months. I wasn't charged any interest and if I pay the balance in full before 12 months is over, I don't get ...
2
votes
1answer
127 views

How to arrive at the fee-adjusted APR (accounting for balance transfer fee, but not inflation)?

I'm trying to figure out the fee-adjusted interest rate paid when incurring a balance transfer fee on a loan, not accounting for inflation. If the APR is 4%, the loan 5000, the transfer 2% and you ...
4
votes
2answers
3k views

Mint.com: How to set up savings line items in budget: As expense, income, or neither?

This question is really more specific to Mint.com since I do all of my personal account management there. In the Budgets tab, I always have the unaccounted transactions at the bottom of the page where ...
3
votes
4answers
710 views

Possible to use balance transfers to avoid interest with major credit cards?

I recently paid off a balance transfer and then this thought occurred to me. Let's say you have $3000 of debt outstanding on a credit card. The goal is not to pay interest while you work to save the ...
5
votes
2answers
269 views

What does zero interest on credit card balance transfers mean in practical terms?

I'm considering applying for another credit card with my existing bank. (It's a Platinum Credit Card if any one is interested). The site states: 0% on balance transfers for 16 months What does this ...
6
votes
7answers
447 views

Is it a bad idea to transfer all my money via ATM?

I recently moved out of state and have all my money in the bank where I used to live. I've opened up an account at a credit union here, and want to transfer my money from my first bank to this one. ...
8
votes
5answers
259 views

How do I find the best 0% interest balance transfer credit card available in the U.S.?

How can I find the best 0% interest balance transfer credit card? Or is there a website that will tell me or help me find the best cards available? It's hard to filter through all the small print on ...
10
votes
3answers
296 views

Is it worth it to use “balance transfer” credit cards, to take advantage of low-rate offered as sign-up incentives?

I'm attracted by the low interest, but scared of having too many credit cards and losing track of payments, or worse, adversely-affecting my credit rating or future borrowing potential by having "too ...