This is a common tactic and the reason it is so important to read the fine
print of any balance transfer offers.
That said, certain landmines sometimes lurk in the fine
print of balance transfer offers.
Not exact matches
«
Balance transfers are a smart financial choice for many consumers, provided they read the agreement's fine
print and are able to pay down their
balances before the low introductory rate offers expire,» says Charles Tran, founder
of CreditDonkey.
Well, the short answer is that it depends on how much debt you have, as well as the fine
print of the new credit card you'll be
transferring your
balance to.
Always read the fine
print of balance -
transfer offers.
Some creditors may offer a low interest rate for a
balance transfer, but you should read all
of the fine
print before applying.
@Surfer — When you click onto the application itself, the fine
print of the terms and conditions still says «Bonus Dividend Miles: Forty thousand (40,000) bonus miles will be awarded in the first billing cycle in which you have made a purchase or
balance transfer (that is not later returned or rescinded.
Even though
balance transfer deals can be beneficial, you always have to read the fine
print of the deal.
«
Balance transfers are a smart financial choice for many consumers, provided they read the agreement's fine
print and are able to pay down their
balances before the low introductory rate offers expire,» says Charles Tran, founder
of CreditDonkey.
The perils
of fine
print: Reading the fine
print associated with loan agreements and
balance transfer offers is difficult, but failing to identify fees and extra charges can negate any benefit
of a debt consolidation loan or
balance transfers.
Be sure to read the fine
print and avoid the mistakes outlined above, and you can be a real beneficiary
of balance transfers.
We've sifted through the details in the fine
print and rated the best cards, based on the length
of their interest - free period and the cost
of fees for
balance transfer.
«Before doing a
balance transfer, review the
balance transfer fee
printed on the card's disclosure,» says Karen Carlson, director
of Education for InCharge Debt Solutions, a nonprofit consumer credit counseling service.
Reading the fine
print to see if the card
of your choice charges this fee will help you decide if the
balance transfer you're aiming to make actually makes sense.
here is a quote
of the fine
print «Qualifying purchases do NOT include fees or interest charges,
balance transfers, cash advances, purchases
of travelers checks, purchases or reloading
of prepaid cards, or purchases
of other CASH EQUIVALENTS»....
If you read the fine
print of most credit card terms, you find that the company may charge you an annual fee, late fee,
balance transfer fee, cash advance fee and over-the-limit fee.