Credit Tips: Low Interest Rate Credit Card Offer

Posted On: February 22, 2005

Author: Board Monitor
Board Monitor/ Administrator
Joined: 05 May 2003
Posts: 550
Posted: Tue Feb 22, 2005 8:09 pm
Post subject: Low Interest Credit Card Offer

This message posted by e-mail request from one of the visitors to our site:

Hi - My name is Cliff and I urge you to look out for the low interest (2.5%) checks that they sent me. My response was WOW - almost free money! I was wrong - there was a “check processing fee” of approximately 5%. I am dropping MBNA once my payment check clears. My MONEY daily e-mail was the source for me to find you.

Thank you - Cliff

Best Regards,
Curtis Arnold
Board Monitor
U.S. Citizens for Fair Credit Card Terms, Inc.
http://www.cardratings.com
501-663-0314 PH
501-301-8474 FX

View our latest credit card ratings!

Author: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 19 May 2003
Posts: 830
Location: NJ
Posted: Thu Feb 24, 2005 12:30 am

Cliff, you gotta read the fine print., and ytou gotta know what’s out there. There are a fair number of 0% balance transfer for a year or more offers out there. Yes, most of them do have a balance transfer fee, but it’s usually capped at $50.00. If you have some high interest debt you can still save a bunch of money, even with paying $50.00 for the privledge.