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Questions tagged [balance-transfer]

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4
votes
2answers
2k views

Can I negotiate a 0% transaction fee with my credit card company?

Whenever a month or two passes without using one of my credit cards, the respective bank usually sends me an offer for a 0% APR for a year or so on balance transfers. They send me these blank checks ...
6
votes
1answer
16k 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) -------------------------------------------------------------------...
4
votes
1answer
820 views

How to interpret this paragraph from a credit card company

A credit card company has sent me an offer of a balance transfer with 0% interest until November 2017. Their Q&A section has this question: Q: If I take advantage of this offer, will it affect ...
2
votes
1answer
131 views

Balance transfer reward, is there a downside?

My credit union is offering a credit card promotion, 2% cash back on balance transfers No balance transfer/cash advance fees I currently have ~$13k in savings/CDs earning 1%-1.1%. Is there a ...
4
votes
2answers
2k views

Can I use balance transfer to buy car?

I am in market to buy new car but I am a little short on money. I could finance the car but if buy on cash, I will qualify for additional savings up to $1000. Furthermore even if I finance the car ...
2
votes
1answer
1k views

What is the catch with “balance transfer” credit cards? [duplicate]

If I understand correctly I can transfer a balance of my credit card to a new credit card and pay no interest for 40 months? How your promotional rates will change After 40 months, the rate ...
0
votes
2answers
52 views

Loan vs Balance transfer - how to effectively calculate my way to a decision

Let us say I have $10k in a high interest debt. Or even some money I need to borrow for expenses. I am unable to clear the $10k in one payment and so putting it on a credit card won't make sense. ...