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Is this EVER a good deal? Listen and find out!
Welcome to this week’s RenésPoints PodCast episode number 4. I really appreciate all the feedback and that you are enjoying the change in Sunday posts. I am working with the BoardingArea folks to get this on iTunes and more. Stay tuned.
Twitter poll says 65% NO!
Now on to this week’s topic, that is, “Should you ever do a 0% + fee balance transfer? Maybe if…” take a listen and see what you think:
So there you are. I am sure I have surprised you a bit by my answers. Here are a few of the things I referenced in the PodCast for you to read more about:
Link to the US BANK FlexPerks card (personal) – HERE
Link to the US BANK FlexPerks card (business) – HERE
Link about how to use FlexPerks for discount travel – HERE
Link on how I used many kinds of points for discounted vacation travel – HERE
As a post script to the audio above I leave you with one warning not covered in the PodCast. If you are going to consider what I have suggested, please understand that the balance transfer should be and in fact MUST be the only amount you place on that card. You must have paid off any current charges in full on the card and must not make ANY further charges until the ZERO percent offer is paid for and completed. Any other action will cost you.
Have a great weekend everyone and I look forward to chatting with you again next Sunday! – René
Music Credit: “Bountiful” by Podington Bear From the Free Music Archive
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
René de Lambert is a contributing writer for EyeoftheFlyer.com - He is an avid Delta and SkyTeam flyer who has held Delta’s top Diamond Medallion status for many years and flown millions of miles.
Another alternative to taking a 1% balance transfer for 6 months is simply using savings from your American Express Bank (or Emigrantdirect, or Ally, or whatever) account for about 0.5% for 6 months.
I have a friend that received a time-unlimited balance transfer at 0% many years ago. He maxed it out and is still paying the monthly minimum (actually a few bucks above the minimum) each month via automatic billpay. I think it’s almost 10 years ago now!
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Ink Business Cash® Credit Card: $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. That's up to $750 bonus cash back (awarded as 75,000 bonus points). Read more here.
What’s the URL of your podcast? Can’t find it using Podcast Republic.
@Joch – Only on the blog for now. Working on more.
I like SoundCloud for podcasts. You might look into it.
https://soundcloud.com/
@JohnHace – Txs will be working with BoardingArea folks for many choices an options with WordPress.
Another alternative to taking a 1% balance transfer for 6 months is simply using savings from your American Express Bank (or Emigrantdirect, or Ally, or whatever) account for about 0.5% for 6 months.
I have a friend that received a time-unlimited balance transfer at 0% many years ago. He maxed it out and is still paying the monthly minimum (actually a few bucks above the minimum) each month via automatic billpay. I think it’s almost 10 years ago now!