The 5 Best Credit Cards Offering 0% Interest 

How much did you have in it initially?

@@Ultimate_Power_ I was approve for 9k and when I made that comment it was 8,500 of debit that i balance transfer last year in October. So I managed to pay it down 4K in March. It’s July almost august and I did another transfer of large sum and it’s down to 1,500. So I strongly recommend the Citi card.

But if you close the credit card, would the credit points go down?

@@dovie.p temporarily yes.. but if I’m trying to get rid of toxic credit, I’ll take the hit.. after 3-6 months of paying the transfer card off, it will rebound pretty quickly.. credit is a marathon, not a sprint..

@@dovie.p I wouldn't close a card unless I was applying for something like a mortgage and the lender advised me I would need to close some of my credit cards to reduce risk/exposure. The only other reason I would close it is if the credit card is a fairly new (not older /long history) card and has cut my credit line to an amount that is not in line with one's credit profile. This was my experience with PNC - they cut my VISA from 10k to 1500k, and then about eight or nine months after that went down to $600. All my other cards are 10k 20k etc. I wish BBVA never sold out to PNC. It was such a pleasure though to call and say no thank you PNC, you don't value me as a customer so I don't value your card. So I would never close unless there is a really good reason such as the above or if the card issuer really stresses you out /you can't stand the card issuer for whatever reason. Otherwise, just use it at least a couple of times a year, pay it as soon as you can prior to due date, and you are in good standing.

Nope, that AMAZING offer expired I believe on January, the one you're talking about matched ALL your cashback, effectively turning it into a 10x on travel through Chases portal, 6x on restaurant and drugstores and 3x on everything else, if you applied before it was changed to the current one, you should be good, if not, this one is also a good one for getting a 3x catch all

It's better to have a credit card of each bank. Ex. BofA Chase Citi amex. That way if you ever need a balance transfer. You have different options. If you have a chase balance, you can't do a balance transfer from a chase to another chase cc

It means you have a credit balance. It could be due to an overpayment or a refund.

I think he mentions that he pays the minimum every month, but if you carry a balance, that could affect your Utilization Ratio.

Yes but 3-5% transfer fee is better than 18-26% fees monthly.

Yes but paying 3-5% one time fee saves you a lot in interest as APR can be upto 29% monthly

It’s not 18% or 29% monthly. It’s APR, Annual. So 5% would be about a couple months of interest that gets built in, but to y’all’s point, you’ll have more time to pay it down. Which saves on paying more interest Lenders use APR, but typically break it down to a daily rate. Which is ~30%/365days. Something like, once the statement posts with a balance, you’ll be charged the daily rate. I believe the interest will post in the following cycle as well. It’s a really small % but it compounds more than monthly and annually to squeeze a bit more of interest fees.

I mean if someon is paying for your free travel whats is there to wine about? Lol

But if it’s 0% interest, then they aren’t paying anything

@@EmpresasBJ I'm not whining. I feel bad for them because so many people get absolutely screwed by credit card companies. If you pay any interest, late fees, or fees in general (other than yearly fee for having credit card) then I feel sorry for you. You're being taken advantage of and not taking advantage of credit cards. You're not a credit card person.

@@PerdomoTeslaif that’s the case, then ur actually the one taking advantage of ppl (that need to float expenses thru CCs). Ur in the market giving money to banks so u can surf on top the unfortunate. And also what actually fuels rewards programs are swipe fees. 🤡

​@@PerdomoTesla Also something like fizz has rewards and doesn't let you go in debt (allbiet none of those are nearly as good but yeah)