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Old 05-12-2011, 08:30 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,210,720 times
Reputation: 10874

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Have not seen one of these in a while. I got an offer from Chase for a balance transfer, NO INTEREST FOR A YEAR AND ZERO TRANSFER FEE.

I mean, I have sterling credit and used to get these type offers all of the time. but in the last 2-3 years things like this have basically dried up........until recently, just got this offer in the mail.

Free money, so I took advantage of it and paid down a personal loan that I have.....good FRUGAL deal. Buy the time the 0% offer expires it will be paid off.
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Old 05-14-2011, 11:37 AM
 
24,724 posts, read 26,794,844 times
Reputation: 22714
Quote:
Originally Posted by tickyul View Post
Have not seen one of these in a while. I got an offer from Chase for a balance transfer, NO INTEREST FOR A YEAR AND ZERO TRANSFER FEE.

I mean, I have sterling credit and used to get these type offers all of the time. but in the last 2-3 years things like this have basically dried up........until recently, just got this offer in the mail.

Free money, so I took advantage of it and paid down a personal loan that I have.....good FRUGAL deal. Buy the time the 0% offer expires it will be paid off.
WOW! That's great. I'd like to get one of those offers.
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Old 05-14-2011, 03:54 PM
 
386 posts, read 1,122,611 times
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Thanks for sharing the info. I have been looking for one of these also. I get gazillions in the mail but there is always a 3% transfer fee.
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Old 05-14-2011, 06:39 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,210,720 times
Reputation: 10874
Quote:
Originally Posted by dmwlakewylie View Post
Thanks for sharing the info. I have been looking for one of these also. I get gazillions in the mail but there is always a 3% transfer fee.
Yeah, I just about tossed the offer in the garbage....thinking it had the 3% fee....really happy when I read the details.
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Old 05-16-2011, 11:48 AM
 
Location: West Orange, NJ
12,542 posts, read 17,732,845 times
Reputation: 3681
i've pretty much given up on checking the fees. i'll keep my eye out for the next one i get from chase though. the fee-free transfers are irresistable...though need to be carefully managed!
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Old 05-19-2011, 08:45 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,210,720 times
Reputation: 10874
Quote:
Originally Posted by bradykp View Post
i've pretty much given up on checking the fees. i'll keep my eye out for the next one i get from chase though. the fee-free transfers are irresistable...though need to be carefully managed!
Well, it is a gamble, Chase knows that. They see that I am a small financial risk, so they send me this offer that is no interest for a year and no transfer fee. They are betting that 1. I will pay them back the money they lend me, 2. I WILL TAKE LONGER THAN THE NO INTEREST PERIOD TO PAY THEM BACK.....THUS THEY MAKE SOME INTEREST MONEY, 3. BY PICKING UP MY CHASE CARD, I WILL START USING IT...THUS START GENERATING MORE DEBT AND CARD USAGE FEES (PAID BY THE STORES).

Sorry Chase, I used this free money to pay back another loan, I will have your money back to you in a few months !!!!

Last edited by tickyul; 05-19-2011 at 09:45 PM..
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Old 05-19-2011, 09:09 PM
 
Location: Conejo Valley, CA
12,476 posts, read 16,972,235 times
Reputation: 4304
How about not taking out "personal loans" in the first place?

Anyhow, I've yet to see an offer with no transaction fees on balance transfers. The chase offers I've been getting are 0% for a year with a $200 rewards bonus for signing up. I guess the bonus would cover any balance transfer fees, well, at least for ~$7,000 or under.
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Old 05-19-2011, 09:46 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,210,720 times
Reputation: 10874
Quote:
Originally Posted by user_id View Post
How about not taking out "personal loans" in the first place?

Anyhow, I've yet to see an offer with no transaction fees on balance transfers. The chase offers I've been getting are 0% for a year with a $200 rewards bonus for signing up. I guess the bonus would cover any balance transfer fees, well, at least for ~$7,000 or under.
Needed the money, bought (and sold) a piece of property. Why, you gonna lend me the money???
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Old 05-20-2011, 12:20 AM
 
Location: Conejo Valley, CA
12,476 posts, read 16,972,235 times
Reputation: 4304
Quote:
Originally Posted by tickyul View Post
Needed the money, bought (and sold) a piece of property. Why, you gonna lend me the money???
No, but you could save your own.
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Old 02-05-2012, 05:18 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,148 posts, read 15,210,720 times
Reputation: 10874
Quote:
Originally Posted by user_id View Post
No, but you could save your own.

Uh....yeah.....very few buy property with all cash transactions.
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