What credit crisis? Citibank is now offering 0% APR interest on balance transfers for 21 months on its . Not only is it longer, but notice they are not allowed to say “up to” anymore with new credit card laws. If you get approved – this card requires good to excellent credit – then you’ll get the 21 months. No annual fee.
0% introductory APR for 21 month from date of first transfer when transfers are completed within 4 months from date of account opening.
The balance transfer fee is 3% ($5 minimum) so it’s not a screaming deal, but a one-time 3% fee spread out over 1.75 years is quite an improvement over the 6-month offers available just a year ago. The card also includes 0% APR for 12 months on purchases. If you have higher interest debt elsewhere, this is a long and flexible offer.
As an opportunity to arbitrage some profit by borrowing at the low rate and investing it elsewhere, you could probably make a very, very slim profit if you really tried with a bank CD, and maybe a little better with one of those .
Similar Posts:
- The Best Credit Card Reward Schemes
- Why Credit Cards 0 APR Are Offered
- Rewards Credit Cards: Rotating Categories 2011 July to October (5% + Up to $200 Cash Back)
- Interest Free Perks
- How does Credit Card Interest Work?
Recent Comments