My friend wants me to get a card so that she gets extra miles for my joining - I know...
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My friend wants me to get a card so that she gets extra miles for my joining - I know that I must put $2000.00 on the card within 3 months and that the cost is $69.00 a year but I would get free flights for joining. What I need to know is if the $2000.00 can be a credit card transfer as I have a MasterCard I want to pay off and close out. Thank you for your help.
Answered on Jun 10, 2010
Updated on Sep 12, 2014
The content is accurate at the time of publication and is subject to change.
You should read the cards terms and conditions, especially pay a closer attention to the terms of the rewards program. Find out if balance transfers qualify as eligible purchases. As a rule balance transfers, cash advances, fees, and interest do not qualify as an eligible purchase. If you can’t find this information, contact the credit card issuer’s customer service. Also, make some calculations to see if your potential rewards cover the fees associated with the credit card.
I have several credit cards with high balances and high interest rates. How many balances am I able to transfer over to One Card in which card would be the best one for me?
As a rule, you can transfer up to the full credit limit onto your new credit card. However, some issuers may set different limits for balance transfers. For example, the transfer limit may be capped at 75% of your overall credit limit. To find out...
If I wanted to transfer around $8,200, how much would the payment be?
A balance transfer card is a credit option that gives new cardholders a set period of time to pay off debt transferred from another card with no interest charged.
You may like the Wells Fargo Reflect® Card. The card offers...
I have $5K in credit card debt between two cards and need advice on how to get lower interest rate on credit card? I'm wondering if I should move that to a new card with a zero APR offer and pay the transfer costs?
First, you might try to contact your existing credit card customer service to request a lower APR. However, not all banks allow customer-initiated requests to get lower APR on a credit card, but they do review accounts periodically for such a...
Can you explain the balance transfer fee a little better to me?
A balance transfer is a type of credit card transaction in which debt is moved from one credit card account to another, usually one with a 0% introductory APR offer on balance transfers. A balance transfer fee, in its turn, is...
Can I transfer a balance to the SoFi credit card from another credit card?
In general, yes, the SoFi credit card issued by Goldman Sachs supports balance transfers. But it has no 0% Intro APR period so you won't have an opportunity to save on it. Thus, we would recommend you consider the...
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