Balance Transfer Cards NEWS

Capital One, Bank of America, Citigroup, and JP Morgan Chase are now pushing consumers towards their low-interest balance transfer options. To offset fees that many of the major banks have been charging this month in order to make up for lost revenue brought about by the Credit CARD Act of 2009, those four major banks [...]

A new set of rules and regulations were approved by the Federal Reserve recently. These rules are targeted towards closing the loopholes left ignored by the CARD Act that came into effect in two phases in 2009 and 2010. Despite the CARD Act coming into play, consumers still felt cheated out in certain aspects because [...]

One of the many reasons people opt for balance transfer cards is the 0% APR that is offered. It must be noted however that, if the balance transferred onto this card is not paid off within the offer period, the entire purpose is negated. It needs good financial planning to ensure the balance is paid [...]

Generally balance transfers offers are for a much lesser period of about 12 months at 0% interest rates. However, this is the first time in six years that balance transfer offers for a period of 21 months at 0% interest has been on offer. This is a wonderful opportunity for those with huge balances and [...]

Cardholders end up in messy situations due to the lack of discipline when it comes to paying off their monthly dues on their cards. Paying off regularly every month is the ideal scenario failing which one would end up paying the penalty or the extra interest rates every month. Under such situations one would want [...]

The days of 0 percent credit card deals are coming back to the customers to tempt them to go on a spending spree. With the current economic downturn, it remains to be seen if these kinds of credit card deals can be any good. Those credit card customers who have excellent credit rating or credit [...]

Card companies are trying to seduce customers with 0% credit card offers while tempting them to spend more and more. But is this ethical, especially when thousands of Americans are in the grips of rising costs and huge debts already? Mailboxes of consumers with a good credit score are flooded with offers from card companies [...]

Balance transfers are for those who want to get out of credit debt much more quickly and are a good way to reduce the balance on the cards. But it could prove to be a tricky issue for some individuals. Most cards offer a 0% introductory offer rates and most often consumers would use this [...]