Comments on: Best 0% Balance Transfer Credit Cards Updated February 2012

By: The Best Kept Secret to Making Money with Debit and Not Credit Cards | IncomeCombination

Fri, 10 Feb 2012 14:38:23 +0000

[...] cards don’t have these balance transfer credit card offers but if you work hard enough, you will be able to make just as much money with them as their credit [...]

By: AUTO EMPOWER » Different Ways in How to Make Money with Investments

AUTO EMPOWER » Different Ways in How to Make Money with Investments — Fri, 10 Feb 2012 14:27:03 +0000

[...] the balance transfer card that are available now to make sure that you get the money you need to make some money in the stock [...]

By: Everyone Should Learn How To Make Money with Savings Accounts | Share Your Knowledge

Fri, 10 Feb 2012 08:40:52 +0000

[...] people even use these balance transfer fee to get a no interest loan and then use the money to put towards the online savings accounts to earn [...]

By: Karan

Karan — Mon, 30 Jan 2012 21:22:31 +0000

For those of you interested, Penfed(pentagon federal credit union) plat cash rewards card is offering 0% on balance transfers and also no balance transfer fee for 24 months! that is unheard of these days! This card is also the best around offering 5% cashback on gas purchases.

By: Dottie Seeland

Dottie Seeland — Thu, 05 Jan 2012 16:56:18 +0000

We signed up for one of the cards you list. In addition to the 0% balance transfer for 12 months, there was added incentive to purchase certain types of products using that card in order to gain more points for rewards. We got fooled! Instead of using the card only for paying off debt, we added our gas, grocery, etc. purchases in order to get the extra rewards. Exactly what the company had in mind!! We played right into it, and could not pay it off within the year. Now we do not use it for anything at all, and are trying to get it paid off with a 24+% apr. Get another card with 0% balance transfer? Not on your life. We’re not that disciplined, which is what these companies depend on.

By: Happy Card Holder

Happy Card Holder — Fri, 30 Dec 2011 21:52:55 +0000

I want to share my frustration with BANK OF AMERICA.
Lets start by going back to April 2011, when they added an annual service charge to both cards that my friend had with them. A self-respecting bank would have grandfathered her account with no service charge, but not the BANK OF AMERICA!
So, the year 2011 was coming to an end, I have helped my friend by paying off her balance on one of the cards, and wanted to re-allocate her spare (now) line of $6K to her other account. Guess what? – The rep, had gathered all of her personal information, then PULLED HER CREDIT WITHOUT LETTING HER KNOW THAT HE’LL DO THAT! And then, get ready for this: closed one of her accounts and reduced the credit line on the other one!
These two incidents make me think that BANK OF AMERICA has a DOUBLE STANDARD, where they treat customers like me (who have $00,000 balancesl MUCH BETTER than those who linger around with $000.00 in their accounts!
Shame on the BofA for mistreating its customers!
P.S. I’m still a happy, satisfied client of BofA, but I feel like I have to spread the fair warning to be VERY CAREFUL with this Bank as it got many tricks under its sleeves for unsuspecting customers!

By: william cole

william cole — Sun, 20 Nov 2011 06:58:10 +0000

Can you tell me if CITI 0% balance credit cards are available to Canadians?

By: James Hoehner

James Hoehner — Sat, 15 Oct 2011 09:45:32 +0000

I had never heard about actually opening up zero balance cards in order to make $$. Sounds like your friend was playing with fire on that one. For me at least…unless you are just completely disciplined, you’ll run into issues in the long term.

Thanks for the story though.

By: MoneyNing

MoneyNing — Sat, 03 Sep 2011 18:04:44 +0000

Yes, you can apply for a new card, but your existing debt will likely be one of the consideration of the new terms of your new card (ie, you may or may not get the full 21 months 0% balance transfer offer).

Also make sure that there is the balance transfer fee of 3% on the new card so factor that into your calculation.

By: Pattie

Pattie — Thu, 18 Aug 2011 13:25:03 +0000

If you already have a Citi card that had balance transfers on it but the 12 month period is up, can you reapply for another citi card to transfer for the 18 or 21 month card to transfer balances?