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No Fee 0% Balance Transfers from Citi Ending?

Posted By Jim On 03/23/2007 @ 4:28 pm In Credit | 2 Comments

I received a notice in the mail yesterday from Citi stating that they would start charging balance transfer fees of 3% with no maximum ($5 minimum) starting April 3rd. Some Fatwalleters have reported getting these as well. The notice itself stated that this would be effective on the cards I already have so there’s no information as to whether no fee 0% balance transfers (and thus the balance transfer arbitraging that many people are now doing) is coming to an end but it’s certainly an ominous notice to be getting in the mail.

So, if you’ve thought about doing the balance transfer arbitrage [3] thing, I’d get on it because the opportunity might be slipping on these. Here’s a quick hitlist of posts I’ve done on balance transfer arbitrage:


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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/no-fee-0-balance-transfers-from-citi-ending.html

[3] balance transfer arbitrage: http://balancetransferarbitrage.com/

[4] List of cards with 0% balance transfer offers: http://www.bargaineering.com/articles/list-of-cards-with-0-balance-transfer-offers-for-12-months.html

[5] My 0% balance transfer arbitrage experiences: http://www.bargaineering.com/articles/making-money-with-0-balance-transfers.html

[6] Citi Balance Transfer Request Walkthrough: http://www.bargaineering.com/articles/citi-professional-0-balance-transfer-walkthrough.html

[7] Potential risks in doing 0% balance transfer arbitrage: http://www.bargaineering.com/articles/say-no-to-credit-card-0-balance-transfer-arbitrage.html

Thank you for reading!