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Results tagged with balance-transfer
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user 35405
2
votes
Is it possible to max out a credit card and then transfer balance to pay 0% interest for 40 ...
Sure is it possible.
What does it give you? You basically get a '3% in 40 months' credit for 10 or 20 or 30 k$ (whatever your max is), that makes about 0.8%-0.9% per year. That's a relatively cheap c …
- 38k
11
votes
Accepted
Using credit card balance transfer to pay Mortgage line of credit
You should check the details of those balance transfers - they typically have a 3 to 5 % 'one-time fee', which means you pay nearly a year's interest right away. And then every time you transfer the t …
- 38k
1
vote
Interest charges on balance transfer when purchases are involved
The 'common sense' in it is that they want the maximum money from you while still suggesting to a quick read that you get away free.
Their target is not to make you happy, but to make money of you.
- 38k