topic Best Balance Transfer Card in Credit Cards

Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 02:54:54 GMT

Do you know of any no fee long term balance transfer opportunities?

Re: Best Balance Transfer Card

improvingmycredit — Mon, 08 Oct 2012 03:01:13 GMT

@Anonymous wrote:
Do you know of any no fee long term balance transfer opportunities?

Hey Dustink,

I recommend the Citi Diamond Preferred and the Citi Simplicity. Both have 18 months 0 APR on purchases and BTs with a low 3% balance transfer fee.

If you are looking for other options with different lenders, check out "nerd wallet".

They give a good comparison of BT cards with low fees and no AF.

Good luck!

Citi had some high lending standards for these cards so make sure you do some research with regards to approval standards and your odds of approval.

Re: Best Balance Transfer Card

jsucool76 — Mon, 08 Oct 2012 03:06:48 GMT

The ring card is also decent. There isn't an into APR, but it is an 8% variable APR on purchases, BTs and cash advances, no BT fee.

Re: Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 03:08:56 GMT

The card is actually for my mother. She is carrying $5k in debt at a 33% utilization. She wants no transfer fee and 15-18 months no interest.

Chase freedom is good (she doesn't like the bank but is okay with their cards) but it seems to have a fee. I don't think the slate has a fee, but the rewards don't seem as good.

Citi is good too, I will check them out now. Thanks and any more thoughts and ideas are greatly appreciated.

Her scores are pretty good, and she can handle a few HP's.

Re: Best Balance Transfer Card

Creditaddict — Mon, 08 Oct 2012 03:14:13 GMT

@Anonymous wrote:
The card is actually for my mother. She is carrying $5k in debt at a 33% utilization. She wants no transfer fee and 15-18 months no interest.

Chase freedom is good (she doesn't like the bank but is okay with their cards) but it seems to have a fee. I don't think the slate has a fee, but the rewards don't seem as good.

Citi is good too, I will check them out now. Thanks and any more thoughts and ideas are greatly appreciated.

Her scores are pretty good, and she can handle a few HP's.

Focus on 1 goal when it comes to getting a credit card in this case I feel. You want to lesson your money going to bank and get out of debt or do you want to get a rewards card... in 15-18 months the rewards card you get today that has a 0% for the BT probably will be useless to what is current in 15 months and if you plan on getting a card to BT and use at same time because of the great rewards I would bet money that in 15 months we will see that card MAXED or not a dime less then current debt.

which really we might see anyway paying off the current card and opening it up for what ever...

Very hard these days to get no fee BT and long.

I think Slate as you said is the only one I have seen recently that offers that... 3-5% is standard these days.

Re: Best Balance Transfer Card

bobebob — Mon, 08 Oct 2012 03:17:14 GMT

I just recently got a DCU Visa Platinum with no transfer fees and 8.5% APR, just in case I needed to carry a balance sometime.

Re: Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 03:22:20 GMT

CreditAddict:

I just thought about that as I was looking for cards. I agree with you completely.

This card should be only for the transfer and nothing more. So the Slate will be ideal. Although the PenFed card looks good too. No fee transfer, 5% for the life of the balance.

I think the Slate is the winner, and I will recommend that to my mom. I will also explain to her that this card is only for the transfer and nothing more. All of her other cards need to be paid in full each month. Then whatver funds are left need to be put towards this goal. Ideally breaking it up into equal payments getting it paid off before the 15 months is up.

Thank you for your suggestions.

Re: Best Balance Transfer Card

Duncanrr — Mon, 08 Oct 2012 03:40:02 GMT

Slate is an excellent option. Freedom is also a good choice.

Re: Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 04:04:24 GMT

@Duncanrr wrote:
Slate is an excellent option. Freedom is also a good choice.

Thanks for the replies and the ideas.

She just got done applying for the Slate card. The application resulted in the ever troubling message along the lines of; this application requires further review please give us 10 days.

Does anyone have a good number to contact chase at, to discuss the application status and/or the limit?

Re: Best Balance Transfer Card

Duncanrr — Mon, 08 Oct 2012 04:07:42 GMT

There are some good numbers in the sticky threads on this board for backdoor recons. Call them in morning and follow-up. You could try no but its late. (Also, tomorrow if federal holiday so not sure if they will be there.)

Re: Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 04:17:05 GMT

@Duncanrr wrote:
There are some good numbers in the sticky threads on this board for backdoor recons. Call them in morning and follow-up. You could try no but its late. (Also, tomorrow if federal holiday so not sure if they will be there.)

Alright, I will hopefully have time to conference call them Tuesday with her.

Re: Best Balance Transfer Card

Duncanrr — Mon, 08 Oct 2012 04:20:38 GMT

Good luck. Be honest, feed their ego by saving why u want the card and why it's a good fit. And be prepared to discuss any negatives on credit report. I did this Chase for freedom card and was approved.

Re: Best Balance Transfer Card

Anonymous — Mon, 08 Oct 2012 04:40:47 GMT

@Duncanrr wrote:
Good luck. Be honest, feed their ego by saving why u want the card and why it's a good fit. And be prepared to discuss any negatives on credit report. I did this Chase for freedom card and was approved.

According to credit karma (with her permission) she has no deragetory marks, a 99% on time payment history 260/263, 33% utilization 5.4k/16.4k, AAoA 3 years 7 months oldest 7 years, 21 accounts, 2 Hp's last 2 years, 712 FAKO. So I hope all goes well for her. She needs to be approved for a good limit, which may be a problem because she has a low income of 27.6k.

Re: Best Balance Transfer Card

maiden_girl — Thu, 25 Oct 2012 04:14:05 GMT

Putting in my two cents here but I think the AMEX Clear is a decent BT card. It has no annual fees, no BT fees, no late fees, no over-limit fees, and no cash advance fees. AMEX currently has a 12 month 0% APR promo going on for that card. Not a lot of time to pay off a balance but it would give you some time to pay your balance down without extra fees and maybe transfer it elsewhere when the promotion completes if you're still paying on it.

Re: Best Balance Transfer Card

youngandcreditwrthy — Thu, 25 Oct 2012 04:41:59 GMT

I like Freedom, but Slate is the only card I know of w no bt fee.

I have both Slate and Freedom btw hahaha!!!!

Re: Best Balance Transfer Card

Anonymous — Thu, 25 Oct 2012 04:56:51 GMT

She got approved for the Slate with a $5k limit and has completed the transfers. Lets hope she gets her debt paid down some and just doesn't use this as an opportunity to rack up more debt.

She didn't get the instant approval because she already had the card and didn't know it. Apparently several years back she had WAMU so they must have ported her over to the slate, it only had an $800 limit. They just closed out that account and asked us what limit we wanted. We said $5k would be good and they said okay, was that easy. All the promotions were given.