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0% and Zero Balance Fee

July 21st, 2012 at 04:56 am

I read My Money Blog with some frequency. Today's post is about an offer by Chase for 0% interest for 15 months and a zero balance transfer fee. How often can you transfer for free?

Here's the link for further details. Definitely read the fine print for all the requirements. This is something you might want to look at before Monday if it interest you, since the balance fee may be changing!

It is a tempting offer for me to move our truck balance, however I'm not sure I'd have it paid off in 15 months!! I have guests arriving today, so I may look into it more on Sunday night and talk it over with DH, who will likely be opposed to opening a credit card. Smile

Does anyone think they might pursue this deal to save some money on debt? Or would use consider the deal to make some money? Or would you avoid it completely?

3 Responses to “0% and Zero Balance Fee”

  1. Monkey Mama Says:

    I've got nothing to transfer right now, but I have done several 0% offers in the past when interest rates were higher - I just put the money into CDs at 5%-ish. For 1% bank interest, I will pass. Wink
    If I had any non-mortgage-debt, that I expected to pay off in time, I would absolutely do it. If not sure, I wouldn't. I am sure the interest rate is absurd once the 0% expires.

  2. MonkeyMama Says:

    P.S. Doesn't have to be all or nothing - maybe move a portion over to 0% - if you are not confident on paying off the whole thing in time.

  3. Monkey Mama Says:

    P.S.S. Offer expires Monday? Just FYI!

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