Managing Introductory Credit Card Offers

“The 3% fee on $5,500 is $165, so the new card starts at $5,665. The 0% lasts 21 months, and what's left after that depends on what you pay each month. Pay each month Paid in 21 months Left when the 0% ends Interest after that $270 $5,665 $0 $0 $200 $4,200 $1,465 $142.47 $150 $3,150 $2,515 $617.73 Minimum only $1,077.89 $4,587.11 $8,330.37 Say you pay $150 a month. When the 0% ends you still owe $2,515, and that balance starts getting charged interest. The last column assumes a 25.2% rate aft”

“Looking for a simple balance transfer card with 0% APR for at least 12 months. Current Cards: - Capital One Quicksilver, $5,000 limit, February 2025 - Amex BCE, $8,000 limit, May 2025 - Chase Freedom Unlimited, $3,400 limit, July 2025 - Amazon Prime Visa, $5,000 limit, November 2025 - Citi Simplicity, $4,100 limit, May 2026 FICO Score: 692 Oldest Account Age: 1 year 6 months Chase 5/24 status: 5/24 Income: $36K Average Monthly Spend: N/A Open to Business Cards: No Purpose: Balance Transfer Cards”

“Does anyone know if you could transfer balances from an older card out to different institution and then transfer it back to the original institution but to a new card that has a intro apr offer in order to still get the benefits original bank (old card with balance) -> other card bank-> original bank (new card with promo) If this makes sense submitted by /u/YellowActive3693 [link] [comments]”

Probably about $2000 a month. I never carry a balance

“1) Instead of putting money in savings for 3, 2, 1 weeks... you give it for free to a random company, and lose interest. 2) The issuer expects to see one payment per month, so multiple can have surprising effect on when the minimum is paid etc. 3) It artificially lowers utilization, which reduces chances at a credit increase. So over time, your "expected better score" is kinda lagging behind. 4) (Technically more like a 3bis?) Because you lowered your usage, if the limit is low there&#”

“I’m in a situation where I won’t be able to work much for 14 months. My bills will be paid but I’m trying to keep them as minimal as possible. I have about a 50% utilization rate. 20% of that is no interest (currently and will stay like that for the time period), 30% of that is between 25% & 29% apr. I want to pay as much as I can on them, but I also need to focus on minimizing my bills for now. How bad is it gonna screw me to only pay the minimums? submitted by /u/KK47lyau [link”

“No card provider likes credit cycling. Once is no big deal. Every issuer will shut you down if you do it repeatedly. And what you described is not credit cycling. After you pay it off you run up the bill again in order to get around a credit limit is credit cycling.”

“Hi, I have a decent size balance of about $18K with a Chase card at 0% APR credit limit $20K. This rate will be expired soon. Today I received 2 snail mails 0% APR card offer from airlines: JetBlue and Frontier. Both are pretty similar terms. JetBlue offers 0% APR for 18 months, 5% transfer fee, 90000 points, and $99 annual fee while Frontier offers 0% APR for 15 months, 5% transfer fee, 60000 points and $99 annual fee. I've never had a credit card from airlines before. Are they better, wors”

“I have a Chase Freedom Unlimited that offers no APR for the first 15 months, but there's a 3% balance transfer fee for the first 60 days until it becomes 5%. You can apply for a balance transfer on the application.”

“If the program leads to an account closure and if it’s your only card, then yes your score will drop due to having 0 revolving accounts- but this is a quick fix as soon as you get another card. But Finance over FICO. Worry more about the loss of money than your score.”

“I assume so but I would get 0% APR for a year on both. My goal here is to utilize these offers because, well, 0% interest is always nice, plus these balances are quite old and I’ve been paying them off over time, while they’re accruing interest each month that they aren’t paid off. The BT fees would amount to less than the projected interest I’d see otherwise”

“Yes, but only if doing so would not exceed your credit limit in the process.”

““My minimum payment is over $400 and is keeping me from being able to pay for things…” You realize lowering the interest has no impact on your monthly budget, right? You’ll need to keep paying the same amount you’re paying now to actually wipe the debt out. Balance transferring and paying on the minimum will not help you, unless your goal is to acquire more debt and dog a deeper hole. If you want to throw everything you can at the debt and wipe it out, a low interest rate can really help. Otherw”

“Hi, I currently am struggling with managing my current high debt card. I have a discover it card maxed out at $14,000 and I’m not sure if I should transfer the balance to a low interest card or if I should look into a loan. This is my only credit card, I opened it when I was 18 (currently 24) and didn’t manage spending well but never made a late payment so the limit kept going up. My minimum monthly is over $400 and is keeping me from being able to pay for things like classes, if anyone has any”

“So I recently got a 0% APR balance transfer promo from Chase with no fees for 12 months. Unfortunately, my wife accidentally used the same card for a $4 purchase and there's no way to reverse/refund it. I already locked the card and made sure no other purchases will be made. Is it correct that the balance transfer amount will continue to have 0% APR while only the $4 purchase will accrue the regular APR? We don't mind paying interest on the $4 for the next 12 months since it's a smal”

“This card is amazing anything over 150 no interest for 6 months ... works great”

“We are a multi-member LLC carrying a sizable balance on an Amex business card until a large contractual payout arrives. One of the members has an offer for a 0% apr balance transfer on a personal credit card. The Amex contract says both the business and the cardholder are the guarantors of the debt. The bookkeeper says that makes it okay and would be worth the fee for the transfer. Any downside we're not seeing? Seems not to pierce the corporate veil given that the cardholder is a guarantor.”

“Hi all, I have 11k on a navy fed credit regular card. 5k is a balance transferred from another card with 0% promo apr. The other $6k is at 18% purchase apr. Credit Karma is telling me I have good chances of being approved for navy fed platinum credit card w .99 balance transfer apr for 12 months. My questions are 1) would navy fed actually approve me if I already have 11k on one of their cards 2) lets say they did approve me (or another company) - in what order would the balances be transferred?”

“I owe my kitchen remodeling contractor about $17k. On his payment page I see an option to use Affirm and Affirm is giving me the following payment options: 1) $5,563.44 every month for 3 months $0 interest·$0 due today 2) $1,587.83 every month for 12 months $2,363.69 interest·$0 due today 3) Lowest monthly payment $665.77 every month for 36 months $7,277.47 interest·$0 due today I would not choose options 2 & 3, as i have the funds to pay them immediately, but I love free interest loans even”

“Im convinced Capital one doesn't want users to get out of debt. I checked my account for balance transfer, currently NO Offers. I just got approved for a 0% 18 month balance transfer card. I even called capital one. And rep said unfortunately there are no offers to transfer. Sigh. My capital one card balance has been stuck at 4500 for 5 years..Any solutions? Im so tired submitted by /u/Cultural-Pumpkin6917 [link] [comments]”

“I have a 12 month 0% interest balance transfer offer from MBNA for a 1% fee when the cash is transfered to another credit card, but a 3% fee if it is transfered directly to a chequing account. MBNA used to offer the same fee whether the transfer is to a CC or bank account, but not this time. To take advantage of the BT for investing (~$20k), I'd like to use the lower fee option (1% to a CC). Question: to free-up the BT cash for investing, would I have to do a cash advance from the credit car”

“Particularly CFNA Mastercard. I have debt on other cards and I could technically pay the CFNA Mastercard off, if I didn't have daily/monthly living expenses to deal with. CFNA Mastercard's interest charge is just way too high. I paid $200 last month, and my balance due 2500 only reduced to 2450. I applied for a 0% Wells Fargo card but got rejected due to other outstanding debt. My current FICO is 700 and I've paid off 2 credit cards just recently and one more will be done by November”

“The kind of people who use BNPL would often struggle to qualify for a good 0% introductory APR credit card, and are far more likely to be revolvers rather than transactors (i.e. their current credit cards are all carrying balances and have lost their grace periods long ago). It’s not intended to be a ‘better’ option than alternative financing options, it’s intended to be an appealing one for people who burned their bridges for better ones, and often shouldn’t be financing said purchase in the fi”

“I am looking for advice on if I should utilize a 0% balance transfer offer on a credit card with a $0 balance to pay off a higher % personal loan. My personal loan is ~$6k at 11.80%. Paying $400 monthly to this. I have balances of ~10k between two other cards that I utilized balance transfers for recently so those are at 0% for the next year or so. I'm currently making the minimum payments and have been putting the extra that was being putting towards those cards ($600 -$700 monthly) in a HY”

“You are absolutely NOT going to get 0% on a cash advance from a credit card lol. They will charge you fees AND the maximum interest possible starting day 1. A balance transfer is taking a debt balance from a revolving debt product and moving it to another revolving debt product. Liquidating available credit on a revolving debt product into available cash is a cash advance and quite possibly the worst most expensive financial decision you can make. They make it expensive on purpose because people”

“Title. I opened a Citi Double Cash card with 0% APR for 18 months, however I only have the option to transfer to credit card or other lender. WF (existing autograph) also gave me a BT offer of 0 % for 10 months, but also only gives me the option to transfer to another debt account. Just wondering is there a workaround to potentially getting the balance transfer as a direct deposit or check into my personal checking account? Such as, if I call, is it likely they would be able to do it? Or is the”

Or do a balance transfer to a card with a 0% interest promo for BTs.

“I just found out about and signed up Chase pay over time. They gave me 0% for 24 months on a large transaction on my Freedom Unlimited card. Will Chase offer me the same 0% pay over time terms on my 3 other Chase cards? What are the rules on this? submitted by /u/Double-Border-7700 [link] [comments]”

“yeah, the actual act of paying it off with the credit card wouldn't be an issue thankfully. my credit union is fantastic and has been very helpful throughout this, same as they were last year when i lost my job. i appreciate the heads up though. my credit is not great, about 650, and i already refinanced my car earlier this year when the health issues started :( i'm expecting my credit score to bump up with the utilization getting lower and my oldest account tipping over into 5 years soo”

“I have a credit card that sent me a 0% balance transfer until next year promo. This BofA card, which I have had for about 10 years, has a limit of $10,000 and currently has about $2,000 on it. I have two other cards: one with ~$1300 on it with a limit of $1500 (APR 27.5) and another that is maxed out at $6000 (APR 27.5). My goal would be to transfer both of those cards onto the BofA card and freeze the other two cards. I’ve written down a plan to finish paying off the BofA card in 8 months, whic”

“I recently opened a new card for a balance transfer of about $4100. I just checked my credit score and it dropped by 49 points. I looked into the details and it’s because my used credit went up $4100 so it basically was showing the money in both accounts at once while the transfer was happening. I understand my credit dropping a bit from a new account opening but will it go back up once the other card is reported as not having that extra money in it? It’s a pretty significant drop for me. This i”

“I have some debt on my BMO Line of Credit. My credit card has a promotional offer for a 0% balance transfer for 12 month, 1% transfer fee, which also allows me to transfer the balance transfer funds into my checking account. In the balance transfer terms and conditions, one paragraph says I can use the funds how I see fit. And the next paragraph says balance transfers cannot be used to make a payment to any other BMO credit card or any other BMO lending account. I'm thinking of just transfer”

“I have some debt on my BMO Line of Credit. My credit card has a promotional offer for a 0% balance transfer for 12 month, 1% transfer fee, which also allows me to transfer the balance transfer funds into my checking account. In the balance transfer terms and conditions, one paragraph says I can use the funds how I see fit. And the next paragraph says balance transfers cannot be used to make a payment to any other BMO credit card or any other BMO lending account. I'm thinking of just transfer”

“The remaining unpaid balance begins accruing interest at the regular APR rate. There is no deferred interest though. So you will not be hit with any surprises. But don't miss a payment. One miss payment and then you will lose the remaining 0% APR period.”

“so here it is. I have about 15k in two credit cards with chase. I was thinking about going the balance transfer route. I do have a few questions I need your guys help with. is there any credit card company that will give you a ball park of how much you’d be approved for without actually applying. I have a 740 credit score what do you think my chances are to get approved for 15k I plan on paying the remaining balance off in February with my tax return. submitted by /u/frock251 [link]”

“I have a duplicate US Bank Shield Visa card with US Bank. I would like to keep the newer card because it has a 21 month 0% balance transfer period but I fear messing up my credit score and history long term due to a duplicative card. I opened it via Credit Karma's recommended cards section and completely didn't register that the new card was a Shield Visa, one of which I already own with a balance on it. Any advice? submitted by /u/Cultural_Aside6636 [link] [comments]”

“I had a card with barclay that had 30% interest and I signed up for the financial difficulty program so I will pay off my entire balance in 5 years at a 6% rate so much more manageable. I will pay it off in about 18 months. I’m 6 months in and so far my credit score has not tanked because my original credit line with barclay is still showing as current. However when they remove that from my current credit line my revolving utilization will probably go up to like 600%+ and this will tank my score”

“A balance transfer moves the balance you owe in one card with high interest into a new card with 0% interest, so for example the 3k with 28% is one that would be most appropriate to choose in your situation. Also with cc score in the high 600s you would be able to find several lenders with better rates. Check with Achieve loans or Upstart to begin with but the more rates you compare the lower the rates you'll find.”

“So on the 9k if the APR will be Less or equal to the APR offered by cap one in Feb 2027 then there is no reason to transfer it b/c the 0% will be over at the same time and you would just be paying 3% to move it. Unless it is a store card or something that will charge you the interest that has accrued from the beginning if not paid in full by the end of the interest free period. (Most store credit cards do this) Also take into consideration if you can pay off the 3000 before Feb or at least a big”

“One additional note to this is if the card has an annual fee it may be worth closing. Usually recommended not to close your oldest cards, preserving the length of your credit history but annual fees are worth considering. Any cards you bring to zero, you’ll want to keep small regular activity on so the issuer doesn’t close it for inactivity. For those cards, I’d recommend making a purchase and immediately paying it off.”

“Click select offer to see the entire disclosure. Credit card companies do not carry balances for free. There is always a fee or they would be out of business. Balance transfers is a shell game. Could you pick up a side hustle to retire the balance?”

“You can only transfer the amount up to your available balance, so 1800. If you have purchases on that card that didn't qualify for the 0%, you're still paying the full apr and money goes first to the 0% purchases usually. The 3% balance transfer fee for a few months would be equivalent to 6-8%APR which is still better than 28%, but you could look at a new card. Be aware, you can't always transfer with the same company. They're trying get new debt and customers not get you to pay”

“Balance transfers are useful for disciplined people. Otherwise, they are ways banks earn extra money. Whether they allow you to take the cash to use as you see fit, require you to use a transfer check, or provide account information for transfers they operate similarly. You must have enough room for the amount transferred PLUS the transfer fee amount. For a 0% offer, they are still accruing interest at the standard rate (Deferred interest) in hopes that you don't pay it off in time. If you m”

“Hasn’t there been some cards… that if you don’t pay it off in the 18 months.. then they tack on the interest for the time it was at 0%?”

Thank you

“Yes; that’s generally the purpose of the balance transfer. You pay a portion upfront (3%) of the total balance, which should be included in the first payment you make, and then the rest is 0% for the term. Generally it’s all upside as these offers don’t have deferred interest - you’re just saving yourself around 20-30% in interest across the transfer term. If you’re carrying credit card debt you should always be trying to keep it at zero so you can make progress on it.”

Thank you

“I would transfer card B to Capital One. Keep paying an amount that gets you to payoff during the 0% period on both card A and B. If you have the discipline, use card C for everyday things you can pay off in full each month. If you don't trust yourself, put it in a drawer. Don't close the paid off card as age of accounts contributes to credit score.”

“I put some pics up there, for the 0% it’s a 3% fee, but to transfer to the 28%, it’s free”

And there may be a balance transfer fee, even if 0% APR.

“I have 10k on a CC. I have an offer for 0 till May or 27 . I payed $142 interest month. So multiply by 8. 1100? The transfer is $400. $700 net gain. What would you do? submitted by /u/ProfessionalSink4415 [link] [comments]”

“I have three cards with balances. I’d like to consolidate them into one new 0% APR card to help streamline paying them off. submitted by /u/Infamous-Skippy [link] [comments]”

“When I have a large expense like this I’ll look for a new card that has a sign up bonus that makes the fee worth it.”

“Long story short, I have university semester payment charge of about $3900. If I use credit or debit card to pay, it will include a 3% extra fee on top of it. I have a cashback feature but it only amounts to 1.5% of a purchase, so it does not seem like it would fully cover the extra fee. Is it still worth using credit for payment instead of an alternative payment (ex: cash) that wouldn't add a $100-200 processing fee? submitted by /u/Dangerous-Anxiety-55 [link] [comments]”

“How low? You're generally paying 3-5% to transfer. 24% interest a year is like 2% a month. So transferring half (2k) and paying off 900va month keeps you on track and you don't really need another card”

“Brings it to $0 before 0% APR expires and more importantly, I'm going for a HELOC and am "budgeting" what I want reported and when.”

May I ask why 150% minimum?

“Let’s say a card had 0% apr for 12 months and a sub of spend $1000 get x within the first couple months. If you spend $1000 but then flex the payments over 12 months for the apr, does it still count towards the bonus at the time of purchase since it affects available credit, or does it not count until it’s paid off? submitted by /u/Dohnuts742 [link] [comments]”

“I opened a credit card in Janusry and did a balance transfer with a special promo of 0% interest for 12 months. In JuneI made a small $80 purchase on this card. Each month I pay well over the minimum balance due to get this paid off by January. Since June, I have been getting charged interest on that $80 purchase. I called the credit card company and was told that they apply all balances to the intro financing deal before any other charges. I thought anything above the minimum payment had to be”