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May 13, 2019
6:52
:38
pm
Cougarrr
All-American
What should I know about transferring debt from one card to another?
I get these offers to transfer debt at 0% for a year. I might be able to pay it off by then.
Any traps I'm missing?
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Cougarrr
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Ted Lasso
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Cougarrr
Joined
Sep 25, 2012
Last login
Jun 26, 2021
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Messages
Author
Time
What should I know about transferring debt from one card to another?
Cougarrr
5/13/19 6:52pm
You still have to pay it back eventually
coolcats
5/13/19 6:54pm
to many trips to D-land.
Mayor of Cougartown
5/13/19 6:55pm
Usually a 2-3% transfer fee.
mulletino
5/13/19 6:54pm
Some banks can be more like 4-5% (especially Citi)
CougarHut
5/13/19 7:03pm
Read the fine print. There's often limits and fees if they don't meet certain requirements.
Cheesy Gordita
5/13/19 7:01pm
It's a good tool to use occasionally.
VACOUGFAN
5/13/19 7:12pm
Barclays has a pretty good balance transfer card. Ring
BertoChavez
5/13/19 7:28pm
Though to expound, the negatives:
BertoChavez
5/13/19 7:32pm
It is called kiting
Archaea
5/13/19 8:19pm
It’s actually called a balance transfer.
russkiejedi
5/13/19 8:20pm
Um, no.
Doodlebob
5/14/19 12:11am
As long as it let's you keep on going to Disneyland keep on doing it
BIG XII Coug
5/13/19 9:06pm
I've been twice in the last 6 years. Next trip is in a year and a half, probably
Cougarrr
5/13/19 9:59pm
Balance transfer is an amazing way to pay off debt if you’re disciplined
Jersey hunter
5/13/19 9:35pm
Thanks!
Cougarrr
5/13/19 10:02pm
I know nothing, i pay off my CCs every month
monkeycowboy
5/14/19 8:37am
Perfectly applicable response. Well done.
mulletino
5/14/19 8:40am
I was like that for 12 years. Then I lost my job and it took some time to get
Cougarrr
5/14/19 8:49am
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