Comments on: No Fee Balance Transfer Credit Card Offers

By: Balance Transfer Fees on the Rise

Balance Transfer Fees on the Rise — Tue, 09 Feb 2010 18:51:55 +0000

[...] rise of balance transfer fees is less of an issue than the decline of 0% offers. A credit card that charges a 5% balance [...]

By: 0% Balance Transfer Fine Print Warning

0% Balance Transfer Fine Print Warning — Mon, 08 Feb 2010 16:19:17 +0000

[...] credit card with a 15% interest rate will save close to $500 in interest. And this includes a 5% balance transfer fee. If the length of the 0% period is reduced to 6 months, the savings are minimal unless the [...]

By: Are Balance Transfer Fees Worth Paying?

Are Balance Transfer Fees Worth Paying? — Wed, 27 Jan 2010 19:05:55 +0000

[...] So, given that our hypothetical monthly finance charge on a 10.0% APR card with an average daily balance of $1,000 is $8.33/month, you see this roughly equals the $50 balance transfer fee in 6 months. In other words if you expect to carry a balance of $1000 on your 10.0% APR account for more than 6 months, a balance transfer to a 0.0% APR account is worth it, even with a 5% balance transfer fee. [...]