No. of Recommendations: 0
Be careful when applying for cards to transfer balances. I just had a problem with FLEET. The offer was a pre-approved 3.9% until Aug'99, with a $5000 balance. I wanted to transfer $2200 from my visa with a 16.6% rate and $800 from my MC with a 14.4% rate. FLEET pulled a fast one. I received a confirmation which said the credit limit was only approved for $2,000 and it would be transferred from from my VISA account. Now instead of one account I have 3.
When I called customer service they were rude and of no help, since I had not received the actual credit card yet I didn't know my account number. When I asked to talk to a supervisor I was told, "sure, no problem.", then put on hold for the next 20 minutes until the line finally disconnected. When I did receive the card (2 weeks later) there was a paragraph in the fine print stating that if the account was cancelled and a balance remained the interest rate would be 24% until paid off.
At this point I have no choice. I'll keep it for the 3.9% (making sure all payments are received well in advance) and then transfer any balance left after the intro period and cancel the card.

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