Best Balance Transfer Credit Cards

ecogiri -- A lot of us use our HELOCs in combo with BT offers. I use mine as a free draw and then use a BT (for instance with PenFed who doesn't allow you to write out a check to yourself) to get to 0%. I then rinse and repeat as appropriate. My HELOC, as far as I can tell, doesn't mind the various draws and repays. Make sure you can handle the CC payments -- they may be higher than your HELOC payments.

A credit card balance transfer simply means moving your credit card debt from one card to another.Cards are displayed by the duration of the 0% balance transfer offer.

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Requires reservation and access code, but I got a snail mail offer for the cap One Platinum Mastercard. 0% BT Fee, 0% itnerest til Feb 2014.

iceburg501 said:   I'm trying to decide weather to use my Chase SouthWest signature offer

13k @ 2% transfer fee = $260
0% till July 2014... fee has no max, I called and asked, even requested they consider it....

Wanted to get input on the extremely high fee
There aren't too many better offers out there outside of a fe credit unions. Here's one:

http://www.alliantcreditunion.org/visa/rewards/

columbiazulu said:   Hi guys, I've been trying to figure out how exactly to convert my student loan(s) to the slate 0% apr 18mth ($0 bt fee).

It seems that chase slate will only accept credit accounts in their system for the balance transfer (?). so some have suggested running it via a citi credit card, since citi sends you a check back for positive balance? so does this mean i can have a small balance of say -100$ in citi, transfer more than $100 (max out the balance transfer from slate (is it 15k only now btw immaterial of one's CL?))... does that work?

guess my question is how exactly does one BT the max allowable amount from chase slate (for a non credit card related debt)?

thanks in advanceSorry this is somewhat off-topic. but FYI when paying off loans please watch out to make sure you don't pay off too much accumulated interest if you have any and it's tax-deductible for you. (I give this caution because I rushed into paying off my loans with a BT and ended up worse-off than if I had waited another year)

columbiazulu said:   yup thanks for that, i'm aware but still want to do it.

i just spoke with a chase rep, and he said you can bt to another credit card regardless of what amount is due on that card. so say i transfer it to my citi card, i have heard that citi provides refund of positive balance? so is that a valid way of getting it done?Have you tried just asking them if you can payoff a student loan with the BT? I don't know about Chase but I've had another CC which ostensibly only did credit card transfers be happy to do a student loan too (they just want to avoid sending you a check I think). I'm sorry I can't really answer your question about other methods (no experience)

columbiazulu said:   psm321 said:   columbiazulu said:   yup thanks for that, i'm aware but still want to do it.

i just spoke with a chase rep, and he said you can bt to another credit card regardless of what amount is due on that card. so say i transfer it to my citi card, i have heard that citi provides refund of positive balance? so is that a valid way of getting it done?Have you tried just asking them if you can payoff a student loan with the BT? I don't know about Chase but I've had another CC which ostensibly only did credit card transfers be happy to do a student loan too (they just want to avoid sending you a check I think). I'm sorry I can't really answer your question about other methods (no experience)

Hmm, reading around various forums it seemed that they didn't allow that. I just applied in any case, once it arrives I'll see what the options are and post my findings here.

In the mean while, if someone has successfully done this, please do share! Thanks.

Request a cash advance from a card with no cash advance fees. Same day, put in for the balance transfer to the card. You'll pay a few day's interest. I like Penfed since you can ask for up to 5k/day, no fees, and have them mail you a check after a few days when you've got the full amount in. Or BT first then cash advance once it hits, but some lenders freak out if you have a large positive balance.

tenchichrono said:   I see an offer from Chase for 0.00% until 5/2014 w/ 1% BT fee. Seems like the best deal I've come across so far. I presently have this c/c. I'm going to be transferring 3k into here. Anybody else have any offers that are better?

0% no fee for BTs and purchases for 12 months:

http://www.alliantcreditunion.org/visa/rewards/

tenchichrono said:   So I'd have to join the credit union first though... via Foster Care to Success then apply for the c/c? Hmmmmmm
It requires a $10 donation, and a hard inquiry (I believe on Equifax). I don't know if they pull again for the CC if you apply right away.

Great Post Thanks for Sharing information.

psychoslowmatic said:   columbiazulu said:   psm321 said:   columbiazulu said:   yup thanks for that, i'm aware but still want to do it.

i just spoke with a chase rep, and he said you can bt to another credit card regardless of what amount is due on that card. so say i transfer it to my citi card, i have heard that citi provides refund of positive balance? so is that a valid way of getting it done?Have you tried just asking them if you can payoff a student loan with the BT? I don't know about Chase but I've had another CC which ostensibly only did credit card transfers be happy to do a student loan too (they just want to avoid sending you a check I think). I'm sorry I can't really answer your question about other methods (no experience)

Hmm, reading around various forums it seemed that they didn't allow that. I just applied in any case, once it arrives I'll see what the options are and post my findings here.

In the mean while, if someone has successfully done this, please do share! Thanks.

Request a cash advance from a card with no cash advance fees. Same day, put in for the balance transfer to the card. You'll pay a few day's interest. I like Penfed since you can ask for up to 5k/day, no fees, and have them mail you a check after a few days when you've got the full amount in. Or BT first then cash advance once it hits, but some lenders freak out if you have a large positive balance.

a follow up - i was able to successfully ask citi and capitalone to refund me the balance transfer as a check. so didn't have to go through any hoops, simply called them and asked for a refund.

jsolvera said:   Almost every day, I get snail mail pre-approved credit card and Balance Transfer blank checks. Is there one central place I could contact so I don't receive so many pre-approved aplications?FTC gives a phone number (1-888-5-OPTOUT) here: http://www.ftc.gov/privacy/protect.shtm . There's also this website that looks official but I'm not 100% sure: https://www.optoutprescreen.com/ . Why would you want to opt-out though? Seems like you'd miss out on any good offers...