Comments on: 0% APR Balance Transfer Credit Card Offers Are Back!

By: eener

eener — Sat, 25 Apr 2009 23:23:53 +0000

I was using a “0% APR” card deal to pay down a transferred debt, and was hacking away at it faithfully each month, but when WAMU became Chase, the terms changed so that the Finance Charges added on over 10% of the total balance monthly! Suddenly my “good deal” on a transfer balance has become a snake “Chasing” its own tail. The APR is still 0%, but the fees add up to 10%. I don’t get it!! With the banks changing hands it’s important to check your new terms carefully!

By: Pinyo

Pinyo — Mon, 30 Mar 2009 13:31:03 +0000

I hope you are right about banks only sending these out to prime borrowers. I hope they don’t hand this out like they used to — that’s what got us in this mess in the first place.

By: Miranda

Miranda — Mon, 30 Mar 2009 13:27:37 +0000

It’s been a while since I’ve seen any of these, either. I think, though, that you will have to have good credit in order to qualify. Great post on the pros and cons.