Years ago it seemed that I'd get frequent offers in the mail for 0% credit card balance transfers. I never used them as I had no balances to transfer at that point. But they can be good ways to get 0% interest on a balance for a period (usually 12-18 months). More lately the credit card companies have been charging minimum % fee for the transfers so its not really 0% interest since you have to pay the fee. I get offers in the mail still but the fine print details these fees.
I thought I'd compare and list all the balance transfer deals I see for the cards I currently have.
Here are the deals that I found on my current credit cards:
Barclay :
0% until 3/5/15, 3% or $10
This looks like its almost expired. But I'm not sure if it just means the 0% only lasts a couple more days or if the deal is only available a couple more days.
Chase :
No offers available
Citi :
0.99% for 16 months, $5 or 4%
0% for 13 months, $10 or 5%
Costco Amex :
No offers found
Discover :
0% promo for 18 months. 3% fee, $10 min
4.99% for 21 months, 0% fee, min $10
Fidelity Amex :
0% for 18 months, 4% or $10
1.99% for 21 months, 4% or $10
The best deals I've got are are 3% fees. Still thats pretty cheap interest for money on an annual rate.
If I needed a bridge loan for a year or so then this might be a decent way to do it.
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March 3, 2015
Credit Card Balance Transfer Deals Available To Me
Labels:
credit cards