Comments on: Balance Transfer Smackdown: 0% for 6 Months vs. 3.99% for 12 Months

By: DR

DR — Fri, 14 Aug 2009 12:27:49 +0000

Richard, I would just use my best guess as to how long I'll need the balance transfer, and err on the side of the longer option. In this case, one alternative is to apply for say the Citi Platinum Select first. If at the end of six months you need to extend the introductory rate, apply for the Discover More card to extend the balance transfer offer for another six months. Total cost for the year would be 6%, which is pretty good for unsecured debt. I have both cards, have used the balance transfer feature on both, and now use the Discover More card for everyday purchases to get up to 5% cash back.

By: Richard

Richard — Fri, 14 Aug 2009 03:33:07 +0000

What if you don’t know how long you will need it for?

By: Joseph Moore

Joseph Moore — Thu, 06 Aug 2009 09:17:35 +0000

A very nice article posted, thnx for sharing.

By: David

David — Tue, 04 Aug 2009 10:26:53 +0000

It depends on how long you need the 0% balance transfer. If it’s just six months, the Citi or Discover card would be the best option (3% versus 3% + 3.99%). If want the money for a full year, than the Motiva card would be best because of the higher interest rate you’d pay during the second six months on the Citi or Discover card.