Balance Transfers Questions

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User Questions & Answers about Balance Transfers

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Here you can ask or find questions about balance transfers. All questions about balance transfer credit cards, intro APR, balance transfer fees and other related questions are gathered here at your convenience. Or feel free to address your question to out experts.

Recently Answered Questions:

I have 2 credit cards with Bank of America and US Bank. I was wondering if there is a way of accumulating the balance of both to one credit card so I can make just one monthly payment to one company. My credit is good. What can you offer?

Answered on

If you want to consolidate your balances, the best option will be a balance transfer credit card. You can transfer all your balances onto one credit card and pay the debt off. When choosing a credit card pay attention to the credit rating required. You indicated you have a good credit history, so many... Continue reading
Are US bank BT cards the best options for me? I had to deal with this bank and was satisfied.

Answered on

If the card you want to transfer balance from is issued by U.S. Bank, you won't be able to transfer balance to another U.S. Bank balance transfer credit card. You will have no choice but to consider credit cards from other banks. You may look for the best balance transfer offers from our partners here.... Continue reading
I have a Gander Mountain credit card, but the store closes it’s program so I need a new one. I need a balance transfer card. Can you recommend me one?

Answered on

If you are going to close your Gander Mountain co-branded card, you can get any credit card that allows balance transfers. If you’re carrying a balance on your card, you’ll probably want to get a new card that has a low interest rate. Many even come with an introductory rate of 0% for balance transfers.... Continue reading
I have a Scheels credit card, but I’m not satisfied with its high rates. I need a balance transfer card. Can you recommend me one?

Answered on

If you want to get rid of your Scheels co-branded card, you can get any credit card that allows balance transfers. If you’re carrying a balance on your card, you’ll probably want to get a new card that has a low interest rate. Many even come with an introductory rate of 0% for balance transfers. Some... Continue reading
I’ve managed to accumulate $6,000 balance on my Bank of America’s credit card. Do you think a Bank of America balance transfer credit card is a good option for me since I already have an account with them?

Answered on

Unfortunately, you won’t be able to transfer the balance of one Bank of America credit card to another Bank of America credit card as balance transfers between two cards of one issuer are not allowed. Continue reading
Hi…I am asking for my 27 yr daughter. She has two credit cards that has reached a combine total of $10,000.00. She wants to take advantage of transfering that balance to a 0% credit card for the longest time (21 months??) and also one that has no annual fee and also one that doesn’t charge for tranfers. She is committed to wiping out this debt as soon as possible. What card do you reccommend? Also is there any other pitfalls that we need to be aware of?

Answered on

The card can be a good option. The card gives 21 months of 0% intro APR on balance transfers. All transfers should be completed within the first four months to qualify for this promo offer. The balance transfer fee is 5% of the amount transferred, but the annual fee is zero. The ongoing interest... Continue reading
I have a balance on Wells Fargo credit card I’d like to transfer. But the card I’m considering applying for charges a balance transfer fee. Should I avoid it or go ahead?

Answered on

As a general rule, people don’t like paying fees. But sometimes, fees are worth paying. In the case of a balance transfer, it’s often well worth paying a 3%-5% fee on the balance, if it’s a significant amount, and if your interest rate, or APR, is very high. Continue reading
I’ve accumulated $5,000 balance on my AmEx Blue credit card. Do you think an American Express balance transfer credit card is a good option for me if I already have an account with them?

Answered on

Unfortunately, you won’t be able to transfer the balance of one American Express credit card to another American Express credit card as balance transfers between two cards of one issuer are not allowed. Continue reading
Do you think a Wells Fargo balance transfer credit card is a good option for me if I already have balance on another Wells Fargo credit card?

Answered on

Unfortunately, you won’t be able to transfer the balance of one Wells Fargo credit card to another Wells Farg credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer. Continue reading
I have a Wayfair credit card and I want to transfer my balance to another card before the special financing ends. Which card should I get?

Answered on

That's an excellent idea since most general credit cards will offer lower interest rates. The majority of credit cards allow balance transfers, but some charge a transfer fee of around 3%. Continue reading

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Intro APR on Balance Transfer: 0% (18 months)

Ongoing APR on Balance Transfer: See terms

Balance Transfer Fee: 3%

Excellent, Good Credit

Intro APR on Balance Transfer: 0%* 21 months on Balance Transfers*

Ongoing APR on Balance Transfer: 15.99% - 25.99%* (Variable)

Balance Transfer Fee: 5% of each balance transfer; $5 minimum.

Excellent, Good Credit

Intro APR on Balance Transfer: 0% 18 months on Balance Transfers*

Ongoing APR on Balance Transfer: 15.49% - 25.49%* (Variable)

Balance Transfer Fee: 3% of each balance transfer; $5 minimum.

Excellent, Good Credit
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Balance Transfer: Save on Average $1,400

May 08, 2015

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