Comments on: Best 0% APR on Balance Transfers Credit Cards, May 2012

By: William

William — Sat, 17 Mar 2012 00:55:37 +0000

That is terrible. Even though things are supposed to be becoming more transparent, things don’t seem to change. Citi really needs to focus on their customer service and not playing games.

By: Bob S.

Bob S. — Fri, 14 Oct 2011 13:04:51 +0000

I have a Citi platinum mastercard and recently completed a 0 APR balance transfer with a 6 month term. I never pay interest on credit card but was faced with an unusual home repair so it seemed a prudent way to manage the expense. Also, i already had the card and simply had to select the option. The 3 percent fee was fine as I pretty much washed it out by receiving a 2 percent cash back reward from the HSBC card i used for the purchase. So far so good, right? Nooooo! I then used the Citicard for some regular (standard) purchases figuring I pay those off in full plus the minimum amount due. To my surprise, the new standard purchases started accruing interest from the date of purchase! I called Citibank and they agreed to reimburse the interest charge. Now, I no longer use the Citibank card and continue to pay the minimum each month and avoid any interest. It seems they shoot themselves in the foot as not using the card at all deprives them of any additional revenue. Word of caution, ask questions before signing up, these can work for you as long as you understand their terms and can adjust accordingly.

By: Anon

Anon — Sat, 08 Oct 2011 21:08:23 +0000

I have a Citi Dividend MasterCard. I took out a 2500 balance transfer with 0 interest until October of next year. What Citi (and this website) DOESN’T tell you, is that if you use your credit card for purchases, even if you pay off the amount of the purchases on the card (ie if you spend 500, bringing your total balance to 3000, and pay 500 at the end of the month, leaving you with 2500 again)… You pay interest on your 2500 balance.

So I’ll be paying at least 13 bucks a month in interest until I’ve paid off the 2500 balance transfer, which I was really hoping I wouldn’t have to worry about until summer of next year, because money is very tight.

I spoke at great length with some supervisor gentleman who told me about the 0% APR balance transfer, and at NO time did he tell me I’d be unable to use my card. I feel so lied to.

By: Cass

Cass — Mon, 27 Sep 2010 15:52:27 +0000

“…then pledging never again to get deep into credit card debt. It’s easier said than done for many.” – hehehehe

By: FUN888

FUN888 — Sat, 03 Jul 2010 01:26:43 +0000

BANK OF CHINA CC SCAM

Just returned from a trip from Hong Kong and China

In HK, all the charges are in HK $, thus avoiding the 3% Dynamic exchange fee. The only one that charge Dynamic exchange fee is Bank of China subsidiary that process Visa CC transactions.

In China, things gets really bad. Each time I ask to be charged in RMB, it came out to be in US$. After protest, it still come up with a statement saying that I was offer to reject the US$ option (which I did not). The bank say all I have to do is to cross out the option line and write RMB on the charge line, I will be fine. When I came home and check my statements, it all had the 3% Dynamic Exchange rated added onto my Schwab Credit card.

It is a big scam by Bank of China.. Be careful when you use credit card in China