Comments on: OMG – $250 Maximum Balance Transfer Fee!!!

By: debtinseattle

debtinseattle — Fri, 03 Nov 2006 04:20:44 +0000

OMG that is insane to me! My husband and I have been blessed because we’ve not had to pay any fees in our transfers! I will definitely be reading ALL fine prints now!

By: Tricia

Tricia — Thu, 02 Nov 2006 03:49:14 +0000

Tom – 1.9%! Wow…that’s a great offer!

Amber – my transfers are usually around $5,000+ so I’m looking at $150/transfer now versus $60. But with the smaller amounts – you’re right it wouldn’t make much of a difference.

Chitowngirl – I read them with a fine tooth comb now

Matt – I agree!

Kim – All of the cards I have charge a fee. I think Discover has fees around $75. Unless you get a special offer (usually from citi cards) where there is no fee. I think American Express has special offers like that too.

By: kim

kim — Thu, 02 Nov 2006 03:36:41 +0000

which cards have you found that do NOT charge a balance transfer fee, other than citi cards

By: Matt

Matt — Wed, 01 Nov 2006 22:32:35 +0000

Just another example of why I want to get my debt off my credit cards as quickly as possible.

By: Chitowngirl

Chitowngirl — Wed, 01 Nov 2006 21:18:51 +0000

That’s plain awful!!! I need to read the changes to my credit cards more carefully. Everyone does!!!

By: Amber

Amber — Wed, 01 Nov 2006 18:21:36 +0000

I got that too but I didn’t really see it as much of an issue because any BT’s I do with them will be only about $1,000 at a time and at 3% that’ll never be $250. Then again, the card I have with them that I’d be doing the BTs with, I haven’t gotten the notice for and has a time limit on the BTs which is why I’ll be keeping them down to what I know I can pay off in 6 months.

By: Tom

Tom — Wed, 01 Nov 2006 17:21:06 +0000

Yeah, I got the same one! Also for only one of the three cards I have with this company.

My current balance transfer with them is at 1.9% for the life of the balance, but with this change, I can’t see doing any other transfers with them.