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Best 0% Interest Card for Transferring a Student Loan

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bustinloose82
New Contributor

Best 0% Interest Card for Transferring a Student Loan

I have about $12k left in student loans and would like to get a 0% interest 12-18 months credit card to pay it off aggressively.

 

I have 4 inquiries currently, with two dropping off in October.

 

I have scores ranging from 721-745 from the three.

 

My utilization is at 12-18% from the three.

 

 

Starting EQ: 601 | EXP: 623 | TU: 637 (2/17)
Update 4/18/20: Current EQ: 760 | EXP: 708 | TU: 724

Goal EQ: 750 | EXP: 750 | TU: 750 (12/17)
Credit Card Debt Free Goal: March 2018

*NEW* Chase Sapphire Preferred $0 ($17,600) 4/18/20 | Chase Freedom Unlimited $0 ($5,500) | Chase Slate $0 ($2,100) | PNC Visa $11,100 ($12,500) | Citi Costco $0 ($5,500) | Citi Simplicity $0 ($2,700) | Discover It $0 ($8,000) | Barclay Card NFL Extra Points $0 ($12,000) | Marvel Mastercard $0 ($6,000) | Nordstrom Visa $0 ($17,000) | American Express Every Day $0 ($3,000) | Bayport Credit Union $6,876 ($7,500) | American Express Delta $700 ($12,000) | Macy's $601 ($5,000) | JC Penney $0 ($3,500) | Synchrony Amazon $2,728.40 ($6,500)
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Best 0% Interest Card for Transferring a Student Loan

What's the rate on the SLs

 

If the rate is less than what you'd pay on a BT fee, then just keep the SLs

 

Or only go for cards with no BT fee, which are uncommon; only one I can think of is NFCU Platinum. Most issuers pulled their BT offers months ago.

Message 2 of 3
wineman
Established Member

Re: Best 0% Interest Card for Transferring a Student Loan

I'm not sure about private student loans but, for federal student loans, I don't believe you can pay more than the minimum payment on a card. I used to work at Navient and they explained to us that rule is because cards can be discharged in BK and student loans cannot. They didn't want millions of folks using cards to pay the loans then discharging the debt. Let us know how it works out!


Message 3 of 3
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