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Personal Finance and Investing

brewens

(15,359 posts)

4. They tightened way up on those offers after 2008. I'm starting to see them more now.

Reply to SheilaT (Reply #3)

Tue Nov 27, 2012, 12:21 AM

Nov 2012

There is usually a 3% transfer fee but you get a year or 18 months at zero percent on many of them. Usually 3% of the entire balance will be way less than the interest you would pay over the life of the special rate. Then all over your payments go to knocking down the balance. Even if you don't pay it off, you come out way ahead.

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Can't use a balance transfer because both cards are from the same company? Yes you can! [View all] brewens Nov 2012 OP

I'm not sure I follow this. SheilaT Nov 2012 #1

No. You have a high interest card and another offering a low balance transfer rate. brewens Nov 2012 #2

I'm still feeling slightly stupid about this. SheilaT Nov 2012 #3

They tightened way up on those offers after 2008. I'm starting to see them more now. brewens Nov 2012 #4