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Author: StanG13 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308452  
Subject: Transferring Balances Date: 4/19/2001 1:17 PM
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Always look to transfer a balance(s) to a low rate card (or offer). When transferring, there are a few things to look for. Always find out if there is a transaction fee for balance transfers, if there is a fee ask for them to waive it. If they won't waive the fee don't transfer the balance, this fee will usually negate the savings on interest. Always know when the introductory rate period ends, so that you can move the balance to another card with a low introductory rate. Begin your transfer three weeks before the intro. period ends, to avoid being charged the regular rate. Always make your payments on time, if you miss or are late with a payment the bank may jack your intro. rate to the regular rate immediately.

I have found two cards that have allowed me to transfer balances, with no fee and at low rates that last until the balance is paid in full. These two banks are Citibank (4.9%), and Wachovia (5.9%).
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