Thread: How do CC Balance Transfers work exactly?
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Old 03-13-2010, 02:03 PM
jackX1 jackX1 is offline
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Question How do CC Balance Transfers work exactly?
Hello.

I am wondering how credit card balance transfers work exactly....

I got a Chase credit card with a promotional 0% APR balance transfer. Does that mean I can transfer over the balance from any of my credit cards and can pay Chase the minimum or however much without any interest or fees until the promotional period is over?

Also would I lose points/rewards from the other credit card company (I'm thinking about transferring from AMX) by doing a balance transfer instead of paying them?

Also are there any hidden cons or disadvantages about balance transfers that I missed?

Thanks!!
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