Balance Transfer Credit Cards

The Discover Card offer listed above is not correct. I applied on-line, didn’t see any mention of a balance transfer fee and got my first bill that showed a 3% fee. I contacted Discover and they said they never do a transfer without charging the fee. They were rude, stupid and I will never do business with them again. I offered to pay the money back immediately but they told me too bad and that I would just have to eat the fee.

DO NOT DO BUSINESS WITH DISCOVER. I HAD HEARD BEFORE THAT THEY ARE THE WORST CREDIT CARD ISSUER OUT THERE……IT IS TRUE!

I would call them every day until someone helps you out. It really depends on the associate….i got them to lower my friends interest rate from 27.99 to 5.49 and she has terrible credit…I just called everyday until the 3rd day when the man was very nice and offered that.

After you are linked to Discover you have to read the agreement. It clearly states there is a 3% fee charged, but this website says there is no fee. So, who should you be mad at?

it’s now 4% big print on front of app…but little print on back…try chase no charge for bal-transfers

Sorry to bust everyone’s bubble but it’s NOT a FEE, it’s an interest bearing recurring charge that’s rolled into your balance. A fee (as I was taught, and that’s used and applied in any business transaction other than a credit card, is a ONE time charge. That’s it. Like a sales purchase, or pick your pay scenario. Co-pay for a doctor / dentist or a toll is a FEE. The “Transaction Fee” Discover assesses your credit card is added to your balance; so, if you carry over a balance into the next month the amount accrues interest.

Add Wells Fargo to your list of banks you do not want to do business with. After many years as an on-time customer they raised my rate to 18.99 with no notice and no opt-out offer.

With all of the junk mail received from these credit card companies and all of the constant phone calls about identity theft protection services (in spite of telling them *each and every time* to remove me from their calling list), would I even recognize an opt-out letter if I received one?

I am in the same boat as many here, I have a credit score over 800. have never missed a payment and always pay WAY more than the minimum due, I’ve been a loyal customer to CitiCards for several years, yet they raised my rate to 19.99%. It took two phone calls and a lot of talking to get them to drop it just a couple of percentage points. I am transferring the balance to a 0% card and paying it down or off as fast as I can. Then I will only use that card once or twice a year (a requirement to keep my American Airlines miles). But obviously they don’t care very much about my business, so I guess they won’t miss me very much.

Hello Folks,
After reading all the comments I could not sit back and warn you of the situation I ran into. Yes, all the credit card companies are out to screw us “good paying, excellent credit rating customers”. I signed up for a 0% transfer card with Chase. I was also paying over the min req. My bill was due on the 26th of each month. I made my july payment on the 17th of July and then made my Aug payment on July 31st. Come early Sept I went to make my Sept payment and I was notified that I lost my 0% rate because I paid August late. Can you believe that? I paid within my billing cycle and paid it 27 days early and lost my 0% rate! Bottom line here is they are all crooks. Lets all get these cards paid off, become debt free, and put ALL the credit card companies out of business.

I’ve been with Citi for 6 years now. I recently got a letter from them saying they are going to raise my credit limit an additional 10k because I’m such an excellent customer, never been late, always paid more than the minimum, and had excellent score.. But then they raised my interest rate to 29.9%!! I couldn’t believe it! I called them and they said that was the lowest they could offer me. Makes no sense. That’s why I’m on this site, looking for the best offer I can find to do a balance transfer.

Citi just upped my interest rate from 9.99 to 29.99PERCENT! I’ve never been late and always pay over the min. They said it was due to the economic times. I IMMEDIATELY opened another account with my credit union, took out a personal loan and paid Citi off. They should be ashamed of themselves, they just recorded a 3 BILLION profit!

I have 3 citicards and they all raised my interest rate even though I pay on time and more than needed. They keep raising my credit limit as if I should be happy with that and not worry about the exhorbitant fees. Why are our supposed ‘representatives of the people’ sitting back on their butts and doing nothing about this blatant financial abuse of this nation and its’ people? Do they have private deals with the banks?

I have dealt with most of the credit card companies over the years. The 0% Transfer is gone!!! Most companies charge 3% to transfer funds and some more than that. DO YOUR RESEARCH, and READ every word!!! If the on-line does not state anything to your satisfaction, CALL THEM – its a good idea to verify what you read on-line anyway. On-line is not always up-to-date. CHASE SUCKS BIG TIME in all ways!!!! Back before Chase took over WAMU and fired all its employees – the worst was the 200 employees been with WAMU for over 20 yrs in No. Calif – 2 wks before christmas – but their Financial Dealings are the same as they treat the employees – BAD!!!! I spoke to several of the employees that were WAMU – first hand info. Not to mention my dealings with CHASE in the 1990-2000’s they DONT care about you – only thing they care about is the almighty dollar they put into their pockets – YOUR MONEY – i have nothing good to say about Chase – nothing!!! The best companies i have dealt with (a lot) have been WAMU -Citi – HSBC – B of A – and some unknown online small banks out of state. GMAC ran (for 1 yr) a cd rate of 7.98% ONLINE only – unheard of when the rates in calif are 1%. So do your research, look around – don’t just rely on your state – look elsewhere.

I think everyone on here complaining about how they don’t know how to handle their money is really sad. Nobody is going to give you money for free and bail you out of what would probably be best described as irresponsible spending. It is always funny to hear people talk about how great their credit is and payment history but I have a feeling that yall might be fibbing a little bit. Everyone is going through hard financial times… Why don’t you stop crying about how corporate America is not being nice to you and get off your couch and get a job! “geeze I have 10,000 in debt and i can just transfer the balance to 0 percent interest with no fees…” what rock do some of you live under?

My current experience:
B of A: *****(five star rating)
I have BOA Credit Card – 0% APR cash advance. Once with just 3% transaction fee. After I paid off in full I went for second time with 1%APR plus 3% Transaction fee.
***** (5 Star rating)
CapitalOne: *****(five star rating)
I have Capital One cash advance for 0% APR with 3% transaction fee. No problem with any sort of hike.

Banks can’t just lend money for free..they do want to be in the business, ofcourse some are greedy and so you should be cautious.

To be on the safer side I suggest to read everything. Atleast discuss about the topic with any of your friends or find information online.

Transaction fee is one mandatory fee for all credit cards.

I own atleast 20 credit cards, but discover offered me the lowest credit limit of 5K.

Best of Luck

Complain all you want, bottom line is they are loosing money in this economy too. As a result, they are going to pass their loss on to their customers. No surprise there. Your only choice, close the accounts.

Citi raised my standard APR to 23.99% and I too have a credit score in the high 700’s. Here’s how they did the ‘bait and switch’ with me: I took a balance transfer offer for 4.99% until the balance was paid off. Sounds good. But then they raised the standard APR, so the average balance is about 18% or so.

I never would have borrowed as much as I did at 18%, but they suckered me into it. And now, I’m not in a position to pay it all off right away. Screw me.

Guess where Citi got all those billions to lend to consumers? Of course, from the taxpayers at 0% interest. No wonder people hate congress as much as they hate banks. What a sleazy bunch.

I have read these comments andsome of these people are rediculous. I work in collections at CITI and I read comments saying we raised their rate due to economic times. I seriously doubt that was the case but I would be willing to bet 9 out of 10 of these people whining are habitually late or have poor credit. Everyone wants to point the finger but no one wants to look in the mirror! You all are adults if you dont read the terms and conditions it’s your own fault. You all owe these banks money for your T.V. or couch or stereo that you had to have but didn’t have the cash for. So stop whining grow up and pay attention to what your bank sends you!