Bank Cards With Low Balance Transfer Fees

Discover More Credit Card Review

Currently, Discover is offering two versions of the Discover More card but these offers change often. Generally, the changes involve account opening bonuses, introductory period, post-introductory APRs, and balance transfer fees.

Offer #1:

Offer #2:

Cash back balances do not expire. However, if the account is closed, inactive for 18 consecutive months, or you fail to make the minimum payment for two consecutive months, your cash back will be forfeited. Balance transfer fees vary from 3% to 5% of the balance transfer amount depending on when you apply for the transfer.

The Discover More card is considered one of the better cash back credit cards with no annual fee. Compared other cash back credit cards, the Discover More card has a relatively low APR, even for the less creditworthy. Applicants with the best credit scores can receive an APR as low as 11.99%.

For careful cash back credit card shoppers, an eyesore is the tiered rewards program where you must make $3000 in purchases (which earns 0.25% cash back) before earning 1% cash back on all purchases. Also, you’ll have to repeat the process every year.

Discover holds a celebratory offer for cardmembers in the month of their birthdays. The Discover More card is part of the Birthday Month 2% Cash Back Bonus program, which cardholders have to sign up to earn 2% cash back on up to $500 in purchases starting on the first day of the birthday month.

Cash back credit cards are ideal for consumers who swipe for a majority of their shopping and pay their balances in full. Additionally, if you happen to be looking for a balance transfer, consider looking into the Discover More card. If you are set that this is for you, you can apply here for the offer #1 or apply here for offer #2 .

Credit card lowest transfer fee - Is paying off a credit card with ...

You can request a balance transfer check from your bank with reduced interest.

Alternatively, you can buy money orders (not bank checks) with your credit card, which can be used to pay off the high interest card. The interest will be the same as other purchases instead of cash advance, as long as you purchase the money orders at a retail establishment (i.e. small convenience store such as 7-11), and not at a bank.

It depends, balance transfers sometimes have lower interest rates on a credit card. For instance, a credit card may offer you 5.99% interest on a credit card balance that you already have, if you put it on their credit card instead. The one stipulation is that it cannot be a credit card issued by the same bank. (Why would they only want to collect 6% interest on an account they are already collecting more percentage on.) Then some credit cards offer 6% on balance transfers, but charge 12% on puchases, but 18% on cash advances or sometimes even more. These are the cards you want to make sure you do a balance transfer with and make sure the 6% doesn’t end in 6 or 12 months. Other cards if your credit is excellent will only charge you 6% reguardless of how you charge the money, balance transfers, purchases, or cash advances. These cards are great because you can just use the card at your bank to deposit the full balance amount (if necessary) right into your checking account and then you can just write checks to pay off your other balances. This is great because usually there is a 3% fee for balance transfers and cash advances, but there is usually a cap like $(99-150). So if you get a card with a $10,000 limit you will only pay $(99-150) to transfer just under $10,000 instead of almost $300. I also borrowed money on cars I had already paid off to pay off credit cards that were trying to screw me. They knew these knew these “anti-slavery” credit laws were coming and were trying to get paid off before I screwed them by eliminating most of my debt. Whatever you do read the fine print and be smart. Balance transfers are not really any special process the money is just transferred directly from one bank to another, kind of their way of letting each other know who is screwing who out of interest money. Thats why it is so important to have and protect an excellent credit score of 700 or higher. You can actually get a card issuer to lower your interest rate without doing a balance transfer, for fear that they will lose your interest money to another bank, but if your credit score is low they figure another bank will not extend you the credit and it’s full on stick it to you time.