We successfully paid off 5 or 6 accounts between $ 300 and $ 1500 leaving us with one
larger credit card balance at 0 % interest, an auto loan at 6 %, and a student loan bill at 4 %.
Not exact matches
For example, if you have a
large balance on your
credit card at 10 % interest, you effectively get an immediate «tax free» return of 10 % by paying the
balance down.
-LSB-...] early February, Chase quietly started to impose an annual fee of $ 120 on some
credit cards with a
large amount of
balance at a low rate.
I donâ $ ™ t carry any
credit card balances, but have been keeping a fairly large HELOC (i.e. Home Equity Line Of Credit) mostly as â $ œdry powderâ $ to be used in case of emergency or in case an investment opportunity requires having ready cash at
credit card balances, but have been keeping a fairly
large HELOC (i.e. Home Equity Line Of
Credit) mostly as â $ œdry powderâ $ to be used in case of emergency or in case an investment opportunity requires having ready cash at
Credit) mostly as â $ œdry powderâ $ to be used in case of emergency or in case an investment opportunity requires having ready cash
at hand.
Bottom line: If you're looking to transfer a
balance from a non-Chase
credit card, or you have some
larger purchases coming up that you'd like to pay down
at a 0 % introductory APR for 15 months, you may want to consider Chase Slate ®.
A
large balance dropped on
credit card balance transfers
at 2 % average interest / fees would give you a net 4 % interest savings = $ 2000 / yr saved in interest on a $ 50k
balance.
Since some other
cards with true Chip + PIN — like the J.P. Morgan Palladium
card from Chase — are only offered to customers with a
large balance in excess of $ 250K and for a high annual fee, this seems reasonable
at only $ 175 a year for anyone with a decent
credit score.
«One reason why the
balance transfer offer emerged was because the
credit card market began to get pretty saturated and it became more difficult for some large issuers to maintain the kind of growth they wanted,» says Nick Bourke, director of the Safe Credit Cards Project at the Pew Charitable
credit card market began to get pretty saturated and it became more difficult for some
large issuers to maintain the kind of growth they wanted,» says Nick Bourke, director of the Safe
Credit Cards Project at the Pew Charitable
Credit Cards Project
at the Pew Charitable Trust.
According to the CreditCards.com weekly survey of
credit card rates,
large rate declines of
at least 2 percent have taken place in the business, instant approval,
balance transfer and airline
credit card categories since September.