Well, it was a good run, but… I recently learned that Discover is no longer capping their 0% balance transfer fees. This change affects all consumer cards, including the incredibly popular Discover More card. Until now, Discover has charged a 3% fee with a $10 minimum and a $75 maximum.
This is an unfortunate turn of [...]
This is just a quick note to point out that Jim over at Blueprint for Financial Prosperity has published a guide to taking advantage of 0% balance transfers. While I’ve covered a couple of related topics recently, Jim’s article is well worth the read — check it out.
Last week I talked about how to use 0% balance transfer credit card offers for debt reduction. Today I thought I’d talk about a different angle — using 0% balance transfers to make money. In short, you just need to get your hands on the money from the balance transfer money then stick it in [...]
While it’s true that you can’t borrow your way out of debt, that doesn’t mean that you can’t use credit cards to help dig yourself out of a financial hole. The trick here is to apply for and use balance transfers to reduce your interest rate, ideally all the way to zero.
How it works
Start by [...]
This is just a quick administrative note to say that we’ve updated our list of 0% balance transfer offers. If you’re in the market for balance transfer credit card, be sure to check it out — there are over 40 great offers.
I should also note that the Carnival of Personal Finance has been published over [...]
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