Archive for October, 2008

What happens if you balance transfer from credit card to debit card?

heuiim asked:
It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?
Just to clarify; I want to know if it does go through would my checking account be credited by the [...]

Which is the best credit card deal out there - in the UK?

riffyxraff asked: I’d like to take advantage of any credit card deals that will let me transfer my balance, so I can clear my payments faster without so much of it being wasted on interest.Caffeinated Content

Is it better to have credit cards with no balance or close them in order to have good credit or help build it?

tgrlvr333 asked: I have a few credit cards and only one with a balance, should I close the empty ones or keep them. I am trying to up my credit score and am not sure which is better.Caffeinated Content

Credit card balance transfers?

jleex87 asked: I have a question about credit card balance transfers. im not too familiar with the whole APR and balance trasnfers. Im currently using AMEX 0% for first 6 months. its been four months and my current balance is 3,000$. In two months, the APR will be 14.28%. Another credit card offers me [...]

Is it considered a balance transfer if i try to transfer money from collections?

1love asked: i have bad credit and i wanted to get a credit card to restore my bad credit, can i transfer a balance from (a loan, or previous credit card) to a new credit card and is that considered a balance transfer.Caffeinated Content

How much can I transfer in a balance transfer?

Treebeard asked: When you do a balance transfer, can you only transfer up to the amount of the credit limit of the new card, or can you transfer more?Website content

How long does it take for balance transfers to post?

philtwo_ilx asked: I requested a balance transfer from my Citibank card to my Chase card of about $5000. The $5000 has appeared on my Chase card, but still hasn’t been deducted from my Citibank card yet. Slightly worrying since this has doubled my debt load - ha. I’d call and find out, [...]

What is the difference in balance transfers and in-store pay offs using a new credit card?

Jana N. asked: We recently got a new credit card to use the balance transfer with 0%APR. for 6 months. What is the difference in doing that vs. going into the store and paying off the bill using the card? Thanks.Caffeinated Content - Members-Only Content for WordPress

How does Balance Transfer Arbitrage affect FICO?

harvey7415 asked: I actively do balance transfer arbitrage. I have almost $100,000 in credit card debt, all at 0-1% APR. I have almost 40 revolving credit card accounts. No late payments ever. I believe my current credit score is about 620-630. How will doing more arbitrage affect FICO? How will paying off balances improve my [...]

Do balance transfers hurt my credit?

[ ------------ ] asked: I have a CC through my bank with a really high APR. I saw they have this CC that says 0% APR for balance transfers. I was thinking of doing it but wanted to make sure this doesnt negatively affect my credit.Kansieo.com

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