Best 2008 Zero Percent Balance Transfer Card

» Best Zero Percent Balance Transfers (Updated February 2011)

Once a month, every month I'll provide an update on the status of the balance transfer, "the first Thursday of the month. With the credit crisis reduced and economic recovery, many credit card companies have taken up their offers of credit cards, including 0% balance transfer once the foreground. In these messages a month, I'll keep you posted on how the landscape has changed over the last month with a look at some of the most important cards in each category.

In the last months we have seen the introduction of a batch of cards with more 0% APR periods.We even saw them in a Discover card with no fee balance transfer, a staple during the housing boom, but something that has lost the favor of the delay.

Your typical trade-offs are still there - the longer the 0% or less of the balance transfer fee? Discover has a fee of 5%, but a month 24 0% APR period, but Citi has a lower price, but only a period of 18 months 0% APR. The card that suits you depends on your balance and how quickly you think you can afford it.

So, I have a question ... I have a credit card great time (6.99% APR) that I carry a balance on which I work down (over $ 10,000).

If I decided to transfer to the card Discover more pay the debt within 12 months without interest, what would happen to my current card? Would they get "angry" and raise my rates after transferring the balance? I like to keep my current card (VISA is taken it is much more to discover, if I need it).

There is a slight chance that getting a new card could affect your current card. For example, the credit inquiry when you apply your credit score decreases slightly. Or if your percentage of credit utilization on the new card is too high (ie, You put on a balance which is close to the limit), your credit score decreases. If your credit score goes down, it is possible that the current bank might decide you're too risky. It's probably not worth worrying about though.

I guess the worst case is that they do not pay and I have a huge credit balance on my account. It would not be that bad. I use my card for all our expenses. I just did not have to pay my bill CC for a few months. I could take that money, I'd use throughout the month and used it to pay for things higher interest rates.