Does anyone know a credit card company with introductor rate (less than 3% apr) for about 6 months while not charging a fee for transfering a balance? Most companies now have a little blub that says that tht transaction can cost as much as $50.

capitalone has a card that intros at 3.9% but only goes to 9.9% fixed after six months, does NOT charge a fee for balance transfers (in fact, you EARN miles towards a ticket for transfers), and the annual fee is ONLY $19. miles earned are good for FIVE years and you can fly free with as little as 18,000 miles. best card around in my opinion.

Saw an insert in today's paper for Citibank Pt Select Mastercard with 1.9% APR on balance transfers until Jan 1, 2002. No annual fee, but rate after introductory will go quite high; presently std rate is 13.99%.

There is a fee for the transfer: 3%, but not less than $5 and also max of $29.

800-713-0927 or www.lowrate.citicards.com

p.s. I have no connection with Citibank, nor do I, nor have I ever, a credit card with them so no idea of their service.

There are generally two or more categories of credit card. Prime and subprime cards are available... to people with different level of credit history. Essentially the difference is prime offers good APR, less fees, and better rewards and subprime offers the opposite. Only people with good credit (ie, no recent late, chargeoff, BK, etc) will be accepted for prime cards. The decision is made by computer so it usually takes 1 second to decide for qualification. How? It's granted based on one's credit score (also known as FICO score)... everybody has a "report card" with your score attached to it. Equifax and other credit reporting agencies have just recently made available this information to the public so you can find out your score on request; see www.equifax.com

If your score is low (ie, <650), you will not be able to a card with low APR or good balance transfer options. So the first step is to know where you stand. Then if you are in the low group, you might want to improve your chance with various strategies... a good site to consult would be www.creditnet.com and read their discussion group.

Keep in mind CC companies are there to make money so they will be willing to negotiate with you if you give them good business. So you can usually get your APR lowered or introductory period extended if you mention about other offers you have heard or about to switch.

Good luck and have fun shopping for a good card.



[This message has been edited by MoreMiles (edited 03-25-2001).]

MBNA has a deal for new card holders with a 1.7% APR. They list a $30.00 fee for balance transfers but on request will waive the fee.

Juniper Bank had (a month or two ago) a no annual fee card with a 0% rate on purchases & balance transfers with no transaction fees on the transfer. I don't know if the offer is still valid or if it's conditioned on credit score, etc. Try http://www.juniper.com

Usually credit companies waives for inital balance transfer with new account. You should watch out for teaser rate though...

Sign up via Gomez and get $35 cash back. The link can be found at http://www.valueconsumer.com/finance/creditcards.htm


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Juniper's 0% rate was only good thru June, then their normal rates took over. They may have updated the date to make it more current now.