Comments on: WARNING: Some 0% Credit Cards Will Cost You A Fortune

By: line of credit » WARNING: Some 0% Credit Cards Will Cost Your A Fortune

line of credit » WARNING: Some 0% Credit Cards Will Cost Your A Fortune — Tue, 06 Nov 2007 17:01:59 +0000

[...] vgjhav wrote an interesting post today onHere’s a quick excerptSome time back I wrote about the AT&T Universal Card �0%� offer that really costs 6%. Well I received another offer from AT&T Universal Card with the same hidden �gotcha�. Here�s the problem. Like many 0% credit card offers, … [...]

By: Sunday Morning Link Love - Carnival Hosting Ahead! | I've Paid For This Twice Already...

Sun, 28 Oct 2007 14:54:47 +0000

[...] Dough Roller: Some 0% Credit Cards Will Cost You A Fortune – this is the card I transferred my Capital One balance to, but I was careful to get a NO balance [...]

By: shadox

shadox — Wed, 24 Oct 2007 03:22:07 +0000

That sounds like false advertising to me. But, of course, in this day and age regulators sit on their butts and plan their failed response to the next Hurricane Katrina.

By: www.bestfinancialadvisor.info » WARNING: Some 0% Credit Cards Will Cost Your A Fortune

Wed, 24 Oct 2007 03:15:16 +0000

[...] DR created an interesting post today on WARNING: Some 0% Credit Cards Will Cost Your A Fortune.Here’s a short outline:Like many 0% credit card offers, the AT&T card has a balance transfer fee of 3%. Unlike most offers, however, there is no limit on the fee. In other words, to get �0%� for six months, you have to pay an upfront transfer fee of 3%. … [...]

By: Around the PF Blogosphere: October 23, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Wed, 24 Oct 2007 02:50:00 +0000

[...] Dough Roll warned that some 0% credit cards can cost your a fortune. Depending on how the free money will be *used*, the 3% fee may be worth it (BTW, there’s [...]

By: www.topcreditcardsadvice.info » WARNING: Some 0% Credit Cards Will Cost Your A Fortune

Wed, 24 Oct 2007 02:19:49 +0000

[...] DR added an interesting post today on WARNING: Some 0% Credit Cards Will Cost Your A Fortune.Here’s a small reading:Like many 0% credit card offers, the AT&T card has a balance transfer fee of 3%. Unlike most offers, however, there is no limit on the fee. In other words, to get �0%� for six months, you have to pay an upfront transfer fee of 3%. … [...]

By: www.bestdebtarticles.info » WARNING: Some 0% Credit Cards Will Cost Your A Fortune

Wed, 24 Oct 2007 02:18:31 +0000

[...] DR put an intriguing blog post on WARNING: Some 0% Credit Cards Will Cost Your A Fortune.Here’s a quick excerpt:Like many 0% credit card offers, the AT&T card has a balance transfer fee of 3%. Unlike most offers, however, there is no limit on the fee. In other words, to get �0%� for six months, you have to pay an upfront transfer fee of 3%. … [...]

By: DR

DR — Wed, 24 Oct 2007 01:50:13 +0000

nuShack, with the exception of 0% or very low interest rate cards, I agree. The only credit card we use during the month is an American Express and we pay it off each month. Otherwise, we use a debit card. The 0% or very low interest rate cards (e.g., 2.99%) we use to transfer some of our home equity (from a renovation) simply to save on interest expense.

By: nuShack

nuShack — Wed, 24 Oct 2007 01:42:14 +0000

I’ve come to the conclusion that credit cards are nothing but trouble. I’m in the process of paying mine off and getting rid of them. They are a profit center for banks, and a loss center for consumers.

By: DR

DR — Tue, 23 Oct 2007 23:06:11 +0000

plonkee, I agree. I’ve used 0% offers as a way to save money, but the transfer fees have all been capped at $75, so on a percentage basis, that was well worth the price of admission. With no cap on the transfer fee, you’d be better off with a 4.99% offer for the life of the balance (which many cards are offering).