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Established Contributor
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Registered: ‎03-15-2007
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Balance Transfer Credit Cards

Hello,

 

In my own experience, Pentagon Federal Credit Union is the only card which offers balance transfer year round. A lot of credit card companies are offering balance transfers at sign up, but after the promotional period has expired, they convert to the regular APR, or another cash advance.

 

What other cards offer BT after the promotional period?

 

Cory

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Re: Balance Transfer Credit Cards

I consistently have balance transfer offers with a low APR  (~2-3%) for 12-18 months available on my BoA Platinum Plus and my Citi Platinum Dividend Select, and I think this would probably be the case with other similar cards these banks offer.  I haven't seen any special offers outside of the promo period for my Amex or Chase.
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Registered: ‎04-19-2009
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Re: Balance Transfer Credit Cards


Cory wrote:

Hello,

 

In my own experience, Pentagon Federal Credit Union is the only card which offers balance transfer year round. A lot of credit card companies are offering balance transfers at sign up, but after the promotional period has expired, they convert to the regular APR, or another cash advance.

 

What other cards offer BT after the promotional period?

 

Cory


I continually have a BT offer available from BofA, currently: 3.99%; 3% fee, no cap; 9 months. This is always rolled over every few months. Many CU's continually offer BT's. PenFed does, but the 2.99% rate is only available during a few months of the year. Last year I think it was two months and this year four months. The period for this year closed Monday - the rate is now 5.99%. The duration of the big banks intro offers has been pared down by about 20% it looks like - a while ago, 12 months - now, 10 months.

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Re: Balance Transfer Credit Cards

BoA 3.99% 9 months

Addison Avenue 3.99% with standard rates as low as 5.24%

PSECU 3.9% throu December 2010

Juniper Business MC & BankAtlantic Business MC (Barclays) 0% for 13 months

PenFed 2.99 to 5.99%

Alliant has promo offers of 5.99 at various times

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Established Contributor
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Re: Balance Transfer Credit Cards

Okay, thanks for all the replies. I don't have any of the other bank's CC mentioned, but a Penfed Credit Card and I'm very happy about it.

 

Not really looking to expand my horizon, I was only curious.

 

Thanks again!

 

Cory

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Re: Balance Transfer Credit Cards

I receive BT offers throughout the year.  I never take advantage of them.. I can't muster paying in BT fee.  I miss the old days. 
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Registered: ‎01-23-2008
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Re: Balance Transfer Credit Cards

[ Edited ]

hello  guys    did a balance transfer and saved $66.00 a month on my bill

went from  boa visa signature 15.99% to  mcu balance transfer 3.99% 

Message Edited by xchap on 09-02-2009 11:35 AM
Message Edited by xchap on 09-02-2009 12:49 PM

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Registered: ‎04-19-2009
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Re: Balance Transfer Credit Cards


xchap wrote:

hello  guys    did a balance transfer and saved $66.00 a month on my bill

went from  boa visa signature 15.99% to  citi balance transfer 3.99% 


Welcome to the forums!

 

Yup, you can save lots of money with BT's. Just for reference what was the amount of the fee for the BT and how long is the 3.99% rate good for?

Contributor
Posts: 82
Registered: ‎01-23-2008
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Re: Balance Transfer Credit Cards


 

3.9% for the first six billing cycles if qualifying balance 

transfer of at least $3,000 is made at time of application, 

after that or otherwise, 9.15% 

 balance should be paid off before the 6 month is up

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Re: Balance Transfer Credit Cards

Thanks for all the replies. Penfed will be my main BT card, that is it. I will only use that card for my bail out.

 

Cory

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