Easy To Get 0 Apr On Balance Transfer Cards

0 Balance Transfer Credit Cards Still On Demand

Though different speculations and hesitations are brought by the signing of Credit Card Accountability Responsibility and Disclosure Act (CARD Act) last 2009, still there had been a significant demand for 0 balance transfer credit cards in the market. The rate may be applicable to the first few months of availing the card but still, it is very much helpful in settling any outstanding debt that the person may have.

These 0 balance transfer credit cards are now stronger with competition being apparent from different card companies offering deals for 0% APR balance transfers for 12, 15, 18, and even 24 months. This is a great improvement as compared to previous offerings which only cover the duration of six to twelve months.

High demand for balance transfers is greatly attributed to the CARD act and many people have found it very useful for their needs and for any outstanding obligations that they may have.

Citi Platinum Select Card: 0% APR Balance Transfer for 18 months ...

What credit crisis? Citibank is now offering 0% APR interest on balance transfers for 18 months on its Citi Platinum Select Mastercard . Not only is it longer, but notice they are not allowed to say “up to” anymore with new credit card laws. If you get approved – this card requires good to excellent credit – then you’ll get the 18 months. No annual fee. If you have higher interest debt elsewhere, this is a long and flexible offer.

As an opportunity to arbitrage some profit by borrowing at the low rate and investing it elsewhere, it would probably be unlikely even you really tried with a bank CD, and maybe a little better chance with one of those 4% rewards checking accounts .

Yeah, the credit card industry seems sufficiently ‘loose’ again. I’m getting balance transfer offers in the mail all the time now, including the one mentioned in this post.

Like the commenter said above, interest rates are as low as they’ve ever been right now, and with the economy in the midst of a modest recovery, the financial system is beginning to behave in familiar ways.

What’s interesting is that this time around, I believe most of the competition is being tightly focused on the customers who escaped the Great Recession with a great credit score.

The mortgage and credit card companies have a lot of liquidity to play around with, but they are STILL getting burned by charge-offs and defaults from the less-than-prime crowd.

i got the offer for this card, applied and got approved /w 14,000 CL and after 3 weeks i received the same offer with different application code. im looking to apply again since my bank of america credit card CL was cut by 70% out of nowhere.

i closed and payed the rest of my Bank of America balance and only have this Citi platinum and Discover with 1500 CL (this one i use often for daily small purchase). I plan to use this Platinum CC for a big purchase and take advantage of the 0% but im still short 7-10grand.

im a self-employed day trader and keep most of my funds in my trading account and only take big sums out monthly to pay the credit card bills and other expenses.

do you think citi will approve me another CC from the pre-selected offer they sent me? with good Credit Line? it would be better to utilize the 0% from a new credit card other than fronting cash funds from my trading (which i could use to purchase stocks/options for a trade/profit) account to make the big purchase.