Comments on: Balance Transfer Credit Cards

By: Credit Card Best Offers – Credit Cards Bank List – Credit Card Rating | IndiaNews

Tue, 14 Jun 2011 09:09:55 +0000

[...] Balance Transfer : Getting weighted down by high credit card APRs? Transfer your balance to a card with 0% APR. [...]

By: Blake

Blake — Sun, 03 Apr 2011 20:52:34 +0000

Jim Baldridge,

Discover has the best customer service out of any credit card company I’ve ever dealt with, and I’ve dealt with them all…

The 3% had to be in the fine print somewhere, and even if it wasn’t, try to find a 0% fee for balance transfers on any 0% apr card out there…3% is the lowest I can find (or 5% for 2yrs).

By: irish

irish — Sat, 27 Nov 2010 01:24:27 +0000

Look people complain about credit cards but the fact that you have to have credit cards to get credit. So our government whom makes the rules also makes it mandatory to have credit cards to survive. OH WIL you are soooooooooo wrong. Most banks count on the fact that we need them to get anything, and hope that we are to busy to see the fine print. Tell me why it is when you pay off a credit card you lose points on your credit score??? If for some unfortunate reason you lose your job and credit cards go bad then you get the fund to pay them off, your credit score goes down. The banks got a HUGE PAYOFF when the economy tanked, they got a massive hand out so be thankful for you job call other people to get their money when you guys got off scott free for screwing up and lending to people who shouldn’t have qualified in the first place but you did it any way and then when you screw up WE HAVE TO PAY FOR IT??? You know the same people who DON’T have the credit to get your cards, with my tax money WE BAILED YOU OUT!! I would be a little more humble when it come to putting people down, and now that WE bailed you out who are you loaning money to…….. NO ONE. Please tell me HOW DOES THAT SEEM FAIR TO YOU. The only ones who screwed up are the banks and the only ones who got a hand out ARE THE BANKS! So please do me the kindness of sticking your condescending holier than thou, ignorant rant about people you know nothing about but saved you BUTT!

By: Wil

Wil — Mon, 28 Jun 2010 03:42:43 +0000

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!

By: miller

miller — Sat, 22 May 2010 01:04:06 +0000

I just see there has new promotion for chase. They offer up to $350 sign up bonus. Please visit the follow to see detail.
http://creditcardbonus.spaces.live.com/blog/

By: Joe

Joe — Wed, 05 May 2010 15:50:52 +0000

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.

By: Chris

Chris — Tue, 13 Apr 2010 19:10:11 +0000

One other thing. What most people don’t realize is that banks want you to blindly sign these credit applications however, the application is a contract between you and the bank. You can scratch out things that you don’t agree with and write in your own terms. It is called negotiations and yes, you can do it with credit applications. They will either accept you terms are not. The same choice that you have.

By: Chris

Chris — Tue, 13 Apr 2010 19:07:42 +0000

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.

By: Ron

Ron — Tue, 23 Mar 2010 12:22:57 +0000

Just use cash

By: ssk

ssk — Wed, 17 Mar 2010 12:41:00 +0000

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

By: happycampin

happycampin — Sat, 13 Mar 2010 15:38:24 +0000

Boy NickSD. Sounds like you are a laid off business worker. I have had my account with Citi and Chase for years now. I have a credit score of 778 and I do work. Unfortunately I don’t fit into your uneducated and irresponsible spending type. I did use my credit cards for about 3 months to do things like buy food and pay my bills. My daughter thought I was being very responsible. I went through a divorce and graduated from college and had to move out of my home because my moneymaker couldn’t go through the uncomfortable and scary move. I graduated in Dec. and signed a contract with my job in Aug. I had 1200. in my account and rent was 800.00 and the lease was over. plan A was to live in a tent at the national parks for 30 days until I got the working. Yeah. didn’t do a lot of sitting around on the couch complaining. My credit cards were paid off until this all happened. I did get the job and started getting child support in June and lived and survived on my credit cards WITHOUT late payments. my rates both went up. The opt out option for was sent but until I got back on my feet financially, eating was the only option i had. I don’t live under a rock, I hike them. Your attitude about business and all that is wrong with our corprate america. When you can’t find the hidden fees, that is theft. To blame the victims for the thefts actions is just another way to shame people into shutting up. Yes I read everything the best I can. Well I know I skim most of it. But what i think something means and what it really means sometimes turns out to be different. I don’t have a business degree and wont get one. Does that mean I stop doing business with business? You wake up and smell the overpriced coffee. 29.99% is no better then a loan shark. Thugs, mafia, gangs, and then the banking industry. You wake up! Your rock isn’t even a rock, it’s just the acceptance of corprate greed.

By: Nick SD

Nick SD — Fri, 05 Mar 2010 05:17:43 +0000

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?

By: GreyGhost

GreyGhost — Tue, 02 Feb 2010 21:33:51 +0000

Chase Morgan is not a credit card company you want do business with. In last year they raised our rates, negotiated a slightly lower rate, then raised above 20%. Credit unions don’t have low intro rates, but give better service in our experience.

By: hionlife

hionlife — Thu, 14 Jan 2010 14:50:33 +0000

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.

By: Daniel Indurante

Daniel Indurante — Sat, 26 Dec 2009 16:45:41 +0000

I have had a citiflex line of credit, I have never missed or been late on a payment and alway paid twice to three time the required payment, they sent me a notice they were raising my interest rate from 9.9% to 15.99%. I use the line for my business so I agreed. the next month I recive a letter they are discontinuing the flex account , what a bait and switch.

By: Lani Parente

Lani Parente — Sat, 19 Dec 2009 15:24:11 +0000

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?

By: Bob J

Bob J — Mon, 14 Dec 2009 06:00:45 +0000

The people we should all be complaining to are our Reps and Senaters. Take a look at where they are getting campain contributions from and you will see that all the talk by polititions about consumer protection and bank reform is just so much hot air.
Doesn’t matter if they are dem or republicans, liberal or conservative they are on the big banks and insurance company payrolls.
We should be looking at where our reps are getting their money and hold them accountable.

By: franci

franci — Mon, 23 Nov 2009 19:27:22 +0000

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!

By: Dan

Dan — Tue, 10 Nov 2009 20:41:54 +0000

I’ve had similar experiences as the rest of you with rising interest rates and slashed credit limits but also wanted to warn you of something I saw in the mice type on a recent offer for Discover 0% balance transfer.

They state that the promotional rate may be revoked if the percentage of your total balance subject to only the promotional rate exceeded a certain amount — I think it was 40%. So, they want you to have a portion of your balance subject to the regular interest rate. Just an FYI.

By: Amy

Amy — Tue, 10 Nov 2009 02:54:43 +0000

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.

By: Beth

Beth — Sun, 08 Nov 2009 02:59:35 +0000

I had the same problem! Just another way to make more money!! 0% balance transfer my ass!

By: Discover Motiva Pays You To Pay On Time

Discover Motiva Pays You To Pay On Time — Fri, 06 Nov 2009 17:34:34 +0000

[...] here to compare Discover’s offer with those from the best balance transfer cards in our database. Related Posts:Pay 0% On Balance Transfers For 6 MonthsPay 0% Longer With Capital [...]

By: Julie

Julie — Fri, 30 Oct 2009 21:56:56 +0000

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.

By: Nico

Nico — Sat, 24 Oct 2009 06:43:37 +0000

I guess since they can’t screw us over through their mortgages anymore, they’re screwing us over through our credit cards.

By: Nico

Nico — Sat, 24 Oct 2009 06:42:23 +0000

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.

By: cc

cc — Thu, 22 Oct 2009 14:23:51 +0000

They are all blood sucking bastards. BofA the worst of all of them.

By: Pay 0% Longer With Capital One

Pay 0% Longer With Capital One — Wed, 23 Sep 2009 14:31:54 +0000

[...] here to see how the terms offered by Capital One compare with the best balance transfer offers from other credit cards in our database. Related Posts:Pay 0% On Balance Transfers For 6 MonthsTips [...]

By: Pay 0% On Balance Transfers For 6 Months

Pay 0% On Balance Transfers For 6 Months — Fri, 18 Sep 2009 14:32:30 +0000

[...] here to see how the terms offered by Discover More compare with the best balance transfer offers from other credit cards in our database. Related Posts:Tips on Transferring Credit Card BalanceOur [...]

By: ERH

ERH — Thu, 03 Sep 2009 15:00:26 +0000

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.

By: Angie

Angie — Mon, 22 Jun 2009 23:26:46 +0000

I have to agree with the rest about Discover and Citi. I have both cards. never missed a payment on either. Both raised by APRs from 3.9% and 5.9% to 19.99%. At least Citi had the decency to warn me and give me an opt out option which lowered it back to 5.9% until the end of my agreement. Discover told me they sent me a letter in April stating that my APR would increase. I never received the letter. I would have surely done something about it and have been vigiliant since all of the other credit card companies are ripping us off. I told them i never got a letter and they told me there was nothing that could be done. DON’T DO BUSINESS WITH DISCOVER.

By: kenk

kenk — Thu, 18 Jun 2009 01:29:03 +0000

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.

By: Roy

Roy — Thu, 04 Jun 2009 22:25:36 +0000

Hey tk and Bob, do you guys work for the credit card companies? I did a balance transfer and was not aware of the 3% either. Do you read EVERY single line of paperwork that comes with the card? Especially the small fine print? Please. And Duked, I have a Citi Platinum American Airlines card and they raised everyone’s rate to 19.99%. I had never been late either. These people are great for the economy lol, but I’m sure tk and Bob here will tell us to read the fine print! It’s ridiculous, when I called Citi, they said many people canceled their accounts because of the hike. Best thing to do if you can, is keep your credit good, pay your balance off each month and if you have a high balance, switch between companies that offer 0% intro rates. They will charge you a balance transfer, but it outweighs the interest sometimes. You just have to do the math…

By: J Mitchell

J Mitchell — Sat, 02 May 2009 16:12:20 +0000

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

By: Duked

Duked — Wed, 29 Apr 2009 13:09:31 +0000

I am done with Discover. I just received a letter in the mail from Discover advising me they are changing my fixed rate of 10.99% to a variable rate of 18.99%. I have never missed a payment nor have I ever been late. Rarely do I carry a balance. I am currently looking for a new card.

By: Bob

Bob — Tue, 14 Apr 2009 21:20:28 +0000

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?