Credit Card Balance Transfer Offers

[BTC]

Anyone know of an institution currently offering a card with 0% interest, and no transfer fees, on balance transfers? There seem to be several zero percent offers, but I haven't been able to find one with no transfer fees. These offers seem to be drying up.

I apologize if this isn't the appropriate forum.

[sweeps]

Balance Transfer CC

[MiikeB]

Amex in LA, in NYC and in CHI cards are offering 0% for 6 mos no BT fee.

[billy1980]

Egg and MBNA 0% on new sign ups

[HNorton]

From a credit standpoint it's never a good idea to close out credit card lines because it reduces your available credit capacity thereby potentially dropping your credit score. On the other hand opening new credit card lines can also have a negative impact on your credit score as it thrusts you into a new credit scoring bracket. There are several different scoring brackets that exist within the credit scoring algorithms so it's impossible to know which one you fall into. However you should be aware that every time you add new credit to your profile you're shifting yourself into a new bracket and possibly weakening your credit score.

Enough technical talk, the questions that you need to ask yourself is 1) am I planning to pay off this debt anytime soon & 2) do I have a plan to pay this debt off when the 0% offer on this card expires. 0% credit card offers are ok if used responsibly, but when abused they can put you and your credit situation in a world of trouble. Double check the standard interest rate on the card that you are considering switching to, there's a good chance that it's very high (18%-27%) since they have to make up for giving you 0% interest for 6-10 months. Contact your existing credit card companies and ask them if they would consider extending you a 0% promo offer if you balance transfer to them. If approved this will put a new inquiry on your credit bureau, but it'll save you from having to open a new credit line.

[cptacek]

I found a Bank of America credit card that is 0% interest and 0% balance transfer fee. It is called the PetRewards® Visa® from Bank of America. I just transferred $19,000 over from a previous credit card that was also at 0% for a year (expiring this August...I didn't know how long these things take, so even though I'm missing out on a few months interest in the bank, it is worth it to me.) The credit rep said that there is never a balance transfer fee on this credit card, and even though the 0% interest may go up, if you call later they can usually set it to a fixed low interest...like 1 or 2%.

[safari]

There is a great website that lets you search for credit card offers using different parameters (0% balance transfer, term, transfer fee, etc.) Link