Help me find a decent 0% APR balance transfer CC?

In My Humble Opinion
1

I haven’t shopped around for credit cards in years. I have a balance of about $5K on mine, and I want to basically snowball it to wipe it out over the next year or so. I’d like to basically transfer it all to a “0% APR for the first year” card and pay it all off during that period by putting as much money toward it as possible.

Where and how can I find a reputable card to do this? Are there website clearinghouses for deals like these? My credit is good enough that I should have no issue qualifying for the card, but I need them to take ALL of my balance and give me the 0% APR deal on the TRANSFER, not just new purchases.

How do I do it?

2

Check out Discover. They have the 0% interest on balance transfers for a year. If you ahve good credi, you shouldn’t have a problem getting one.

3

The right AmEx card will do this up to yer credit limit, BUT:
There’s a balance transfer fee of 3%, AND the 0% thing is only about 5-6 months.

4

Try searching creditcards.com. I’ve used it several times to open up the exact same card you are looking to use.

5

**Warning! ** Many 0 balance transfer cards have an up front fee of around 3%. :eek:

6

[QUOTE=DrDeth]
**Warning! ** Many 0 balance transfer cards have an up front fee of around 3%. :eek:
[/QUOTE]

I started reading this on a bunch of websites like the Motley Fool. What would this sort of thing be euphemistically called when it’s hidden in the fine print?

7

Seconding the Discover. Just did that myself while I’m waiting for the house to sell.

8

[QUOTE=DrDeth]
**Warning! ** Many 0 balance transfer cards have an up front fee of around 3%. :eek:
[/QUOTE]

Very true. Though it may still be worth it if other things look good. We did this once; there was a maximum of 50 dollars for the fee so the percentage (we transferred 5-6K) was actually lower than 3%; and the zero-interest period was one full year. The amount in question was a home maintenance expense that otherwise would have gone on the home equity line of credit, so we paid considerably less, overall, even with the fee.

So - don’t dismiss a fee-for-transfer card out of hand if it otherwise has good features.