[Update: Approved] Best Card for Balance Transfer?

[Anonymous]

I get Discover snail mail several times a week with 0 percent and 0 transfer fee. I signed up for Discover scorecard and that is probably why they bombard me with the offers.

[Anonymous]

I have a no-frills Platinum Visa that I got from a local credit union here in Northern VA, Apple Federal Credit Union, last year, currently with a $7K credit limit. Since it doesn't have any rewards that would be wasted by putting BT's on it, and since it currently has the lowest APR of any of my cards (plus which no fee for BT's), I'm going to use it for BT'ing several small ($500 - $600) balances from cards with much higher APR's. That is, once I can work out a technical issue that's preventing me from doing BT's from Sync cards to the Apple card online. I might end up having to have them cut old-fashioned checks, yuck. (My overall utilization is 8% or so, by the way, but I want to consolidate existing bills; I'm considering closing my highest-APR card, Overstock, with 28.74% - ouch!!! - if I can get a NFCU card with a good SL reasonably about the same as that card, so hopefully $8k - $10k though I won't say no to more!)

[bennew111]

Thanks!

I went for the BankAmerica Cash Rewards Card and got a low SL, 3k, but that was enough to help me get rid of the cash advance interest rate on my other card plus they are giving me a sign on bonus of $200 if I spend $500 in 90 days! This will cover the BT fee and my cash advance fee. I also found out from the rep that they evidently keep repeating their zero % APR every few months. 

Now I am trying to get a self employed car loan.

Have a great day and thanks again. 

[SouthJamaica]

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@bennew111 wrote:

Thanks!

I went for the BankAmerica Cash Rewards Card and got a low SL, 3k, but that was enough to help me get rid of the cash advance interest rate on my other card plus they are giving me a sign on bonus of $200 if I spend $500 in 90 days! This will cover the BT fee and my cash advance fee. I also found out from the rep that they evidently keep repeating their zero % APR every few months. 

Now I am trying to get a self employed car loan.

Have a great day and thanks again. 

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I've had the card for 14 months, and they've never repeated it.

[K-in-Boston]

Congratulations on your approval. I’ve updated your title and moved this thread to approvals.

Most BankAmericard, Cash Rewards, and Travel Rewards cardholders do have persistent 0% and 1.99% balance transfer offers. YMMV as @SouthJamaica noted.

Keep in mind that if you have already done the balance transfer, any new charges (and any residual balance from previous charges) will not have a grace period if you do not pay the next statement balance IN FULL, including the transferred amount. That may eat into your signup bonus, although if you make the charge prior to your first statement closing and pay at least the sum of all new charges PLUS the minimum payment (which would be applied to your 0% balance first), you should be fine.