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Oh, on my card it's a 1% fee with a $5 minimum. Still totally worth it if they're doing the 0% interest promotion.
by aianus 10y ago
Oh, on my card it's a 1% fee with a $5 minimum. Still totally worth it if they're doing the 0% interest promotion.
- tedmiston 10y agoYeah, interesting "loophole" in the whole loans system. I'll have to do more research.
- sethhochberg 10y agoYep, my scenario was exactly like aianus's above. 1% transfer fee was much better than 6% interest since I planned to pay the balance off within the 18-month zero-interest period anyways. The card company issued paper checks specifically for the purpose of a balance transfer.