When I was getting out of credit card debt, my local credit union was offering a 0% balance transfer, that really helped speed up my getting out of debt process.

Thank you for the content. Love you videos.

Be careful making purchases on a card you are using for a balance transfer. I was charged interest on my purchases because the bank applied my payments to the 0% balance first.

@coldwarrior6572

Жыл бұрын

Good one. That's right. Watch out for that trick.

@noreenn6976

Жыл бұрын

@@coldwarrior6572 I learned the hard way.

@crocpa

Жыл бұрын

Quite the contrary from Wells Fargo. This is what they say...Generally, we will apply your minimum payment first to lower APR balances (such as Purchases) before balances with higher APRs (such as Cash Advances). Payments made in excess of the minimum payment will generally be applied to balances with higher APRs first before balances with lower ones.

@lienecarter6411

Жыл бұрын

This is a hard lesson for many of us. I have called the bank before and asked if the payments can be applied to new purchases instead. Many will say yes. Even if the minimum payment is applied to the 0% balance extra payments usually will go to new charges from the statement period. So if you have a balance transfer balance and you decide to use the same card for a purchase of $50 you can make an EXTRA payment after you paid the minimum. But wait until the statement closes because you wont be able to pay for a new purchase untill it has been reported on you’re statement at the end of month.

Fyi, the Union Bank link is still active, but they no longer honor that offer. I went into a branch today and showed them the link, and they processed an application and brought me the paperwork for a different card with a shorter promotional term and a balance transfer fee. When I pointed out to them that the terms were different, they said the other card is no longer available. So be careful going into a bank to apply for a credit card. Since they are doing all of the work, they can easily process an application for a different card, and you won't know until they bring the paperwork out for you to sign.

@anncazares111

7 ай бұрын

Thanks for sharing. Knew this was too good to be true….😅

The citi double cash does not offer 0% 18 Mos apr purchases anymore. Just on balance transfer only

The worse thing about balance transfers is sort of stealth and most people do not notice. So you get a new card, would you like a transfer, great, send us the account numbers and address and we will mail the check to the other bank today. So far, so good, but, big butt coming here, a week to 10 days later it post to the other card. The daily interest started the day the check was printed, and you just paid daily interest for 7 to 10 days on both cards at the same time. So you paid 2 companies for the same money. Happens every day and nobody ever notices. They can do better, but they want, after all, when you bill pay with your checking account, most credit card payments post in 1 to 2 business days, but not going to happen with a balance transfer in most cases.

Rob- any downsides to using a 0% card for its duration while keeping the money owed in a HYSA and then paying it off a month before it's due?

so my question is how do I transfer my balance to another credit card and not pay apr.

but what if I don't want to do a balance transfer ? what about if a make a payment with the CC to cover the entire balance ? will I get the 0 apr ?

I still don't understand how can I transfer the amount I owe to my new credit card, should I call the new credit card with the balance transfer and let them know, and give them my other credit cards information!! What should I do!

my issue is getting a high limit with 0 interest

How about Chase Slate Edge? O%bal transfer 18 months. No transfer fee.

I'm looking at Citi simplicity right now 3% transfer, 21 months

@jeffreyweston900

Жыл бұрын

I just got approved for it with a 684 credit score an was only given $1700 limit

What if one has a bad credit score and need a high credit limit to consolidate the credit card debt

Is this union bank card available in canada

Union bank now charges the fee be careful!! 3%

@starrjanai2623

Жыл бұрын

Did you make the transfer after the 60 days?

My fee will be about 450 if I pick a card with 3%

Maybe I am missing something but the Citi Double Cash Balance has a transfer fee. It says, "Intro fee of 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum)."

@Simplwhite

Жыл бұрын

It was mentioned that it had the 3%. It looked like Union Bank was one of the few that had a 0% transfer fee. but the trade off. No rewards type credit card.

@joelprice1

Жыл бұрын

@@Simplwhite you're right he did mention it

I am toward the end of my promo on a zero-interest card still carries a balance. Do people transfer the balance before the interest kicks into another zero-interest card?

@rob_berger

Жыл бұрын

That's what we did when we were getting out of debt years ago. Kept rolling it over to a new 0% card until they were paid off.

What do you think about navy federal platinum card? They have 0.99% introductory APR with no transferring fee. Is it good to do balance transfer?

@anncazares111

7 ай бұрын

How do you qualify? Do you need to be military?

What if you can’t get approved for the new card due to low credit score? What is the alternative?

@shecalledmelisalou

Жыл бұрын

I’m in the same boat. These cards are never available when you need them

Your Union Bank link goes to US Bank instead. Seems like they've been bought out. Do you have any other suggestions for a 0 fee balance transfer card?

@anncazares111

7 ай бұрын

I saw this too.😅

If anyone is is wondering the first card is no longer available. Please pin this comment

Why do I keep getting turned down for these cards!😢

So if I transfer about 3,500 how much will I have to pay with the 3% fee ? Thanks for all this info

@rob_berger

Жыл бұрын

$105 if my math is correct.

@TheRealNickArsic

Жыл бұрын

Did you really ask that question? 😂

@theserver4

8 ай бұрын

@@TheRealNickArsic😂

@anncazares111

7 ай бұрын

@@TheRealNickArsicbe nice

Buccees cc no transfer fee