credit repair bad credit financing personal finance tax bad debt mortgage with bad credit bad credit mortgages credit card for bad credit erase bad credit fast credit repair bad debt bad credit repair credit card with bad credit bad credit auto company credit repair bad credit mortgage bad credit mortgage credit repair help online credit repair bad debt expense bankruptcy credit repair credit repair programs bad credit credit repair services bad credit card credit repair secrets bad credit credit cards credit score repair bad credit cards bad credit debt consolidation bad credit credit card bad credit refinance credit report repair legal credit repair how to repair credit credit finance income debt relief credit score credit cards for people with bad credit repair your credit bankruptcy credit repair self credit repair bad credit score repair my credit credit cards for bad credit

I said that a few date, but I’ll say it again. The days of great 0% APR balance transfer deals are by. Why? Simply considering of a couple of reasons.

1. Offer 0% teaser deals have not resulted in creating customer stickiness or loyalty. Instead, when the 0% deal expires, they simply get another 0% deal.

2. As a aftereffect, it is becoming a money proposition to offer these deals.

What are credit card issuers doing?

Well, credit card issuers are just not going to just pull offers from the market. So that is what they are doing.

1. Rather than waiving the balance transfer fee for the introductory offer, most cards now charge a balance transfer fee for the introductory offer.

2. Many cards have now removed the cap from balance transfer fees. Traditionally, most charge a fee of 3% of the value of the balance transfer and soon after cap the fee at $75. Now, many cards do not cap the BT fee and hence an unsuspecting new card holder may end up paying a lot for a large balance transfer.

0% BT Deals are still critical to consumers

I feel that in today’s environment, 0% deals are more fundamental considering banks are really raising people’s rate for no reason. I have heard more horror stories from friends with 700+ credit scores, but having their APR raised to as high as 29%! They have since got new cards to transfer their balances. But you certainly have to be

careful of balance transfer deals considering of what we just talked about! So I’ve compiled a list of balance transfer cards to avoid :

List of Zero Interest Credit Cards to Avoid

No cap on balance transfer fee!

Most citibank credit cards including Citi Platinum choose Card, Citi Diamond Preferred Card, Citi Diamond Preferred Rewards Card, Citi Home Rebate Card.

Most Bank of America Credit Cards including the Worldpoints cards and the Platinum Visa Card.

Issuers who still cap their balance transfer fees

Chase - Most cards cap their balance transfer fees to $75.

Discover - They cap their balance transfer fees to $75 as well.

Cards with good balance transfer deals

OK - there are still a couple of gems lying around.

1. The Citi®Professional^SM Cash Card is one of the rare cards today (and certainly from Citi) that still offers a 0% APR on balance transfer for 12 month and charge no balance transfer fee for the introductory offer.

2. Sometimes, paying a BT fee is actually OK. Well, whether you have a large balance transfer that you want to do, thereupon perhaps, you should consider the Advanta Platinum BusinessCard with Rewards. that is the only card that offers a 15 month 0% deal. (Hint : you do not need to have your own business to get that card. You’ll simply be treated like a sole proprietor).

Orginal post by Mr Credit Card