Comments on: How to Compare 0% Balance Transfer Offers http://www.bargaineering.com/articles/compare-0-balance-transfers.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 17:22:10 +0000 hourly 1 By: Richard http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-362501 Richard Fri, 14 Jan 2011 18:57:17 +0000 http://www.bargaineering.com/articles/?p=4907#comment-362501 I like your planning. I use credit cards that give me 5% back on gas (given as a credit on the next month's statement from the Pentagon Federal credit union), another that is giving me 5% on groceries, a third that pays 3% at restaurants. TARGET also gives me 5% off at the register which is the quickest return. Discover is now giving 5% for restaurants, but their limit of $800 for 3 months seems too low, but you can obtain the bonus now rather than wait 12 months for the American Express card to use their bonus at Costco. I like your planning. I use credit cards that give me 5% back on gas (given as a credit on the next month’s statement from the Pentagon Federal credit union), another that is giving me 5% on groceries, a third that pays 3% at restaurants. TARGET also gives me 5% off at the register which is the quickest return.

Discover is now giving 5% for restaurants, but their limit of $800 for 3 months seems too low, but you can obtain the bonus now rather than wait 12 months for the American Express card to use their bonus at Costco.

]]> By: Richard http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-362500 Richard Fri, 14 Jan 2011 18:50:19 +0000 http://www.bargaineering.com/articles/?p=4907#comment-362500 Discover card would not allow me to take advantage of the 2 year 0% balance transfer offer since I'm an existing card holder. They offered me their 9.99% rate. I used a Bank of America offer and spread the payments over 17 months by making the first payment this month. Discover card would not allow me to take advantage of the 2 year 0% balance transfer offer since I’m an existing card holder. They offered me their 9.99% rate. I used a Bank of America offer and spread the payments over 17 months by making the first payment this month.

]]> By: Wilma http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-330529 Wilma Wed, 04 Nov 2009 22:19:33 +0000 http://www.bargaineering.com/articles/?p=4907#comment-330529 Been playing the 0% interest switching game for years. You just have to be very careful that you're on time with your payments. I keep an older card to show longevity. My gas and groceries go on it and I pay it off every month. The 0% interest game is for the bigger purchases like computers, home improvement supplies, etc. Been playing the 0% interest switching game for years. You just have to be very careful that you’re on time with your payments. I keep an older card to show longevity. My gas and groceries go on it and I pay it off every month. The 0% interest game is for the bigger purchases like computers, home improvement supplies, etc.

]]> By: Dan http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-329127 Dan Wed, 14 Oct 2009 18:07:57 +0000 http://www.bargaineering.com/articles/?p=4907#comment-329127 The Discover 5% cashback card is a 1.9% balance transfer APR, not 0%. I applied and they did not even tell me this until the end of the process, at which time I cancelled the transaction, but it still cost me a credit check. The Discover 5% cashback card is a 1.9% balance transfer APR, not 0%. I applied and they did not even tell me this until the end of the process, at which time I cancelled the transaction, but it still cost me a credit check.

]]> By: sheila http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-324253 sheila Tue, 18 Aug 2009 13:44:50 +0000 http://www.bargaineering.com/articles/?p=4907#comment-324253 I just made a balance transfer from an AmEx to a Citi Visa account. It was worth the 3% fee. I'll have 0% interest for 1 year and 5.9 after that. This gives me a better position to pay down a greater portion of my balance. It also consolidated my balances to one credit card, which is easier to manage. I continue to make two monthly payments as if I still have two balances, which is helping me pay down my debt that much faster. I just made a balance transfer from an AmEx to a Citi Visa account. It was worth the 3% fee. I’ll have 0% interest for 1 year and 5.9 after that. This gives me a better position to pay down a greater portion of my balance. It also consolidated my balances to one credit card, which is easier to manage. I continue to make two monthly payments as if I still have two balances, which is helping me pay down my debt that much faster.

]]> By: eric http://www.bargaineering.com/articles/compare-0-balance-transfers.html/comment-page-1#comment-324108 eric Mon, 17 Aug 2009 23:13:13 +0000 http://www.bargaineering.com/articles/?p=4907#comment-324108 Banks may be catching on or they simply are raising all their fees in response to the CARD act. These days I see balance transfers that charge FIVE percent of the balance with no caps. Back in the heyday (which doesn't even seem too long ago sadly...), BT arbitrage might have been worth the risk but definitely not anymore. Banks may be catching on or they simply are raising all their fees in response to the CARD act. These days I see balance transfers that charge FIVE percent of the balance with no caps. Back in the heyday (which doesn’t even seem too long ago sadly…), BT arbitrage might have been worth the risk but definitely not anymore.

]]>