credit card BT offer question

[all4money]

Has anyone done a balance transfer that offers a 0% interest rate but has a balance transfer fee of X dollars? For example, if you transfer $10,000 at 0% for 12 months but in doing so are charged a $90 fee... does that $90 fee get absorbed into the balance so now, it's $10,090 you owe at 0% or does the $90 get separated into the regular interest rate part where you now have $10,000 at 0% and $90 at X%. If it's the second scenario, then your payments won't get allocated to the $90 first and that part will then be charged interest the whole time...

Just trying to wrap this around my brain as I've not done a BT with a fee before and am considering some options right now.

Thanks.

[Hot dog]

The 90$ would be at 0% also but you can always call the specific card to make sure.

[joeljito]

I did a 0% BT "for life" with Discover and the $50 fee was separated out and charged interest. The key with these deals is to NOT use the card for anything else...unless required to keep the rate. I must make two purchase per month to keep the 0% and I typically buy 2 $0.10 items as soon as I get the statement (so I don't forget).

[Frugalicious]

I would find a card with no BT fee. I got one from Discover and did a BT from Citi to Discover with no fee.
Try creditcards.com, that is where I found mine.

[click4credit]

Check the terms and conditions carefully before you apply. Often the balance transfer fee is based on a % of the balance you transfer - though a minimum and maximum $ fee usually apply. For example the Discover Card currently has a 3% fee with a $75 maximum. If you did a balance transfer from your existing credit cards of $5,000 you would pay a $75 rather than $150 which is 3% of the amount transfered.