Post your best no-fee CC balance transfer deals on NEW accounts here (updated 7/04)

I see more and more of these, and am interested in using the collective wisdom and experience of this forum to scope out the best ones.

I propose we categorize the offers we find according to the following criteria:

-Interest Rate
-length of promotion
-offers that allow transfers into bank or brokerage accounts (versus only other CCs)
-NEW card offers only vs. offers for EXISTING cardholders (EDIT: changed to new only on this thread)

While I was grading here at home just moments ago, I got cold-called by an articulate woman from Discovercard. I have a $15,000 line on a Discover Platinum card, and she offered me 3.9% through May, saying that it was an "ongoing offer through March, but I'm authorized to do it through May if you'd like to say yes now." (Not pushy in tone, just descriptive--better than many in my experience. So,

Discovercard Platinum: 3.9% through May, transfer to any account, current cardholders.

Please add your best offers according to the above, and suggestions about how such a list should be adjusted so as to be most beneficial for all of us. Thanks!

UPDATED apply here Citibank Platinum Select Dividend 0.00% BT for 12 months (and no fees.) Thanks MarkM

Edit 05/03: Another great Citi deal, this from their ATT Cash Rewards Card: http://www.universalcard.com/us/cards/ucs/cashrew.htm

This is a super deal, and Citi will let you move part of another credit card line you have with them to this line once it's open, making it an even better deal!


EDIT 07/16/04 I'm amending this thread to focus on only NEW card balance transfer deals, since (a) the vast majority of the offers described in this thread fall under that category, and (b) with rates now rising, the great current cardholder balance transfer options are becoming more scarce. Apologies in advance for any confusion this may cause! If members object, please let me know.

Just do a search on balance. Most offers for new accounts = 0%APR on balance transfers for 12 months + fees (max ~$50)

Just do a search on balance in our very own Finance category

DaveHanson,

Several weeks ago, I received a cold call from MBNA Bank offer me a First Union credit card (MBNA bought FTU CC portfolio)
interest rate: 0%
lenght: 9 months
free transaction fee if I do it over the phone right then
I had them direct deposited the money into my checking account.
This was a new card, although I used to have a CoreState CC (which was bought out by First Union)

DaveHanson,

Since I already have a CC with MBNA for several years, they offered me a Platinum+ Card, the CSR said she could only transfer up to 7K to my bank. I accepted.

Several days later she called back and asked since I already have 2 MBNA CC. Could she reduce the credit line of one of the existence card to increase the credit line for this new First Union CC. I said OK and ask what would the credit line be (for this new card). she said 16K. I asked if she could deposit 15K (no fee) into my bank instead of 7K. she said "OK".

I used the money to pay off the balance on my AT&T Universal Card (also 0% for 9 months, which will ended i 1/1/02.)

The problem with the 0% is that one has to apply for a new CC. The best rate I have for current CC is 1.7%, 6 months, fee is 29 or 39, also from MBNA.

Summary
15K for 9 months at 0%
0 transaction fee

I also regularly received "blank checks" from First USA (I have several CC with them). Their offers usually are
2.9% for 3 months (not enough time to flip)
4.9% or 5.9% for 6 months
9.9% until you pay-off the balance
all of the above involve transaction fee max at $50.

Received 3 more Chase offers identical to the one posted above--time to give this thread a little bump and see what the rest of you have found lately...

I received a Citi (Platinum Select) offer
0% APR on Balance Transfer until 2/1/03 (12 months)

Chase Visa Platinum
1.99% fixed APR on purchases for up to 9 months

Both are for new application

A great new offer from citibank, in the Sunday paper advertising circular:

Citi Dividend card, 0% until Dec 1, 2002 on all balance transfers, with no balance transfer fee.

Also gives 1% back on purchases, payable in $100 amounts, max of $300 a year. Of course you wouldn't want to begin using it for purchases until your balance transfer expires (since purchases are at 10.99%), but that's a nice thing to use it for once they are done.

Expires 4/15/02, call 1-800-891-4253 to get it.

Interesting. The Citibank cc offer in the SF Chron Sunday paper has 3% balance transfer fee. Be careful!

From another thread I started before I saw this one:

Here are a few 0% intro bal transfer deals that have shown up in my local (St. Louis Post Dispatch) Sunday coupon section over the last couple months. Because they are in the coupon section that means anyone can try them, it is not limited to the specifically "invited":

1) Citi Platinum select, rate exp 1/1/03, apply by 4/19, 1-800-654-4431

2) " " " , rate exp 1/1/03, apply by 4/28, 1-800-201-1275

3) Citi Sony Card, rate exp 12/1/02, apply by 4/15, 1-800-798-2513, get 5K "Sony points" after first purchase ("enough for 10 free movie tickets, a Sony Walkman Personal Stereo, or a Playstation game"

4) ATT UniversalCard, rate exp 1/1/03, reply by 5/13, 1-800-216-1194, also get $100 in free domestic ATT calling cards (within first 90 days)

All are 0% on bal transfers with no transfer fee and no annual fee (but make sure to confirm it for yourself if & when you call!). Hope they will be of use to some (the terms of the offer will be indicated by the number you are calling, so you can ask them what they are when you call, and since it was in a newespaper I'm sure they wouldn't be bothered if you just said you got the deal from a friend and don't have the ad in front of you).

FYI I called (but haven't actually applied yet) and be aware that they have a grindingly slow application process no doubt meant to minimize how long you can take advantage of these offers: first you apply, then you get the "welcome kit" in about 1 month, then you have to fill out CCs for transfer there, and then that can take another month to process.

Has anyone seen any published ones like these yet with promo rates going beyond 1/1/03? I have been waiting for one (have a 0% promo rate expiring at the beginning of June), but after a slew of these showing up in the coupons in the spring (there wre more before these, with rates expiring 12/1, 11/1, 10/1, etc), I haven't seen any new ones for a good three weeks or more. Would appreciate it if anyone has seen a newer one and would pass it along.

Mark

Great posts MarkM, thanks! Lead post updated to reflect this great deal.

kien -- if you haven't already done it, might want to reconsider. consolidation loan rates will soon be repriced & you might have done better with that (with stu loan interest tax deductability). just a thought

<< I cannot take advantage of the tax deduction as my income is over the that limit. I don't plan on becoming disabled or joining Peace Corp etc. to have my loans forgiven. >>

Not to beat this to death, but I'm still not sure you realize that the rules have CHANGED GREATLY FOR THE BETTER as of jan 1st (i.e. there will be new rules for tax year 2002, which you will file for by 4/15/2003). I also have never been able to deduct this interest, but I will be able to next year with these new rules. The key is that they have gone a long way towards removing the unfair bias towards 2-income families. Check out [this site:

<< Beginning in 2002, the new law will increase the income phase-out ranges to $50,000 to $65,000 for single taxpayers and to $100,000 to $130,000 on joint returns. >>

You also wrote:

<< By the way, I got another offer from CitiBusiness® Card which offers a zero percent APR until March 31, 2003 (that almost 2 years). >>

I'm sure this was just a typo, but just in case -- this is actually less than one year. I think the Citibank deal I posted last weekend continues to be the best generally-available one going right now ...

sunrise, for every credit I know of, you wuold have to pay THE WHOLE AMOUNT to avoid interest charges. This being becasue CCs pretty much universally apply payments to the lowest rate balances hfirst. in other words, every payment would be applied to your 0% balance transfer amount before any would be applied to reducing your higher interst amounts.

Check the fine print of your credit agreement to confirm, but I'm almost certain this is what you'll find. this is why at's always best to pay off your CC balance to $0 before doing any low rate BTs, and to not use your card for purchases AT ALL once you have done the BTs.

MarkM,

Yes, I realize that the rules have changed, but my income is over twice the limit listed there and I do not qualify for the tax deduction. I double check on the Citibank deal and it is NOT a TYPO. They are giving a 0% APR on BT until the end of March 2003 without an annual fee. I think this is only for select members because they ask for an invitation code when you try to apply for it. I got it as an email, so those who qualify for this may find it as a spam from Citibank.

Well, the Citi Platinum deal only stayed king for one week! Courtesy of this Sunday's coupon insert I hereby annoint a new "Hottest BT Deal Open to All." Call 1-800-524-8796 by 6/23 to get the AT&T Universal Platinum card with 0% until 5/1/2003, NO annual fee, NO BT fees. PLUS get $100 in free domestic AT&T calling cards ("must be used during first 90 days your account is open ... $100 promotional credit will be applied to each calling card prior to any applicble discounts untilt he credit has depleted or is expired."

I already have this card, alas (but not my wife ). They did me a great favor, somehow I screwed up on when my first payment was due & didn't realize it until the day before. I called them to find out my options ... I thought I would have to pay $15 or something for one of those "same day payment" debits to your checking, but when I told the rep that I had set the account up for internet payment, she said "well, why don't you just pay using that & I will extend your due date three days to give the payment time to get here." Mind you this was the FIRST bill under this account! Especially nice given that they could have nailed me for 25% rate plus fees (though of course I would have done same day payment before letting it come to that).

Out of curiousity, does anyone else get these deals in their Sunday insert, or is it just us here in St. Louis? I don't see that anyone has posted one of these besides me, and there have been probably a dozen of them in my paper since the beginning of the year ...

May be off topic , but can anyone figure out how to charge mortgage / HELOC payment to a rewards credit card ?

Dave,

I always pay off my balances in full until now that I see these 0% APR without any trasaction fee stuff. My chase card was inactive for about 2/3 years as Verizon stopped paying any cashback ( it was a verizon card before they changed the bank to chase). My limit is $7900. But, I will update you once I really get the check and read through the fine print. Who knows they might charge a BT transaction fee, although the person on the phone said no BT fees. I think it happened because of negotiation and I said that I got an offer from some other card who was giving me without any transaction fee.

I know that traditionally mortgage companies would not allow to charge a mortgage on a CC, but, let us say a bank would allow to put some money from credit card and give rewards fot it ( like c2it), and then somehow if we can write a check from that intermediate account, then we could have paid our mortgages using that money. So, iff a bank would allow to borrow from a CC and then allow to make use of the money not electronically, then the scheme would work. Presently, if c2it would allow us to write a check to be sent to someone else without having a c2it account, then this would have worked.

Does anyone here know that if you have just opened the AT&T Universal Card(issued by Citibank) can you still apply and get approved for the Citibank Plantinum Select deal going on now??

Thanks in advance.

I looked at the Upromise website and it appears that there is now a 3% uncapped fee. Could someone let me know if I'm wrong?