0% APR, 12 Months w/ NO Balance Transfer Fee
I’m not an advocate of using credit cards to accumulate debt. However, with that said, I am an advocate of keeping as much money in your own pocket and out of the pockets of corporate America. I ran across this offer this afternoon and thought it could be of interest to someone looking to transfer an outstanding balance they are working to pay off. Most of the 1 year, 0% interest deals I’ve seen include a fixed or percentage based balance transfer fee.
The card is an Associated Banks Visa rewards card and is issued by Citi. From what I’ve read so far it seems to be pretty easy to get a decent line of credit with a normal credit score i.e. I’ve seen a $15,000 line of credit with a 700 credit score. Also, for those ambitious out there, this is a perfect card to get if your looking to transfer an outstanding balance simply to earn interest on the outstanding balance. For an explanation of how this works please check out a post from MY Money Blog.
Here’s a link to all the fine print. You’ll notice it states there is a 3% balance transfer fee. However, there is no fee with the 0.00% APR balance transfer offer described above.
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I just came across this yesterday as well. I think I am going to jump in Jan when my current 0% BT expires.
Yeah, I am still debating whether or not to give it a whirl. I currently don’t have any credit card debt, but I’ve seen a lot of people doing the 0% balance transfers simply to earn interest. However, with interest rates as low as they are I don’t know if it’s worth the hassle.