MoneyBlogNetwork
Archives By Month
pfblogs.org Blogroll
Randomized Blogs
Site Sponsors
|
Capital One Credit Cards With No Balance Transfer Fees

Last updated: April 30, 2008.
Capital One offers a number of credit cards with no balance transfer fees. For this reason, if you are looking to consolidate your credit card debt onto one cars which you don’t plan on using for purchases, you may want to take a look at these offers. Please be aware that these cards do charge interest on balance transfers, and there is no “grace period” as would usually apply to purchases. That means you’ll be charged interest starting with the day you transfer your balance.
You should only transfer a balance to a credit card if the terms, including APR and transfer fee, are better than what you’re currently being charged. Don’t consolidate just for a lower monthly payment.
Here are the Capital One credit cards that offer no balance transfer fees along with their advertised interest rate (APR) for transferred balances.
• No Hassle CashSM Rewards – Excellent Credit (14.9% APR)
• No Hassle MilesSM Rewards – Excellent Credit (13.9% APR)
• Platinum Prestige (7.9% APR)
• Platinum – Above Average Credit (12.9% APR)
• No Hassle CashSM Rewards – Above Average Credit (16.9% APR)
• No Hassle MilesSM Rewards – Above Average Credit (16.9% APR)
• Standard Platinum (Variable rate, currently 17.8% APR)
• No Hassle CashSM Rewards (Variable rate, currently 14.9% APR)
Credit cards are like buzz saws. They are useful tools but dangerous if in the hands of someone who doesn’t use them properly. The rates offered on these balance transfers are not the best in the industry, but the lack of a balance transfer fee sets these cards apart. In today’s environment, many other credit card companies are charging fees of 3% and eliminating upper limits on these fees.
Bookmark: del.icio.us | reddit | digg Tags: balance transfer, capital one, Credit Cards, fees By Flexo on Wednesday, April 30th, 2008 at 8:30 am
Related Entries on Consumerism Commentary
Leave a Comment
|
Welcome to Consumerism Commentary
Consumerism Commentary is a blog for every human who wishes to make the most of his or her life, from a financial perspective. Read more about Consumerism Commentary.
Contributors
Flexo, chief editor |
Sasha |
Smithee
Subscribe via E-mail
Recent Comments
mikim: Yeppie!! Mines said it would be there 05/16 and it is in my bank account early!! Yeppie! Now I have to go pay some bills…. on Didn’t Receive Your Economic Stimulus Payment Yet?
Dean in Des Moines: I think giving to someone without knowing them is opening one’s self to fraud. It defies logic to think that one can know if the... on Maimonides’ 8 Levels of Charity
kmp: My wife and I have 2 children and made $110,000 last year filing jointly. we just received a stimulus payment from the government into our checking... on Economic Stimulus Tax Rebate Calculator
crissy: I’m confused because I used turbotax. I owed taxes. I paid by credit card. But, at the end turbotax asked if I wanted my... on Didn’t Receive Your Economic Stimulus Payment Yet?
Matty: I need to work on my charity for sure. I feel like I’ve become hardened by living in a big city. Everywhere I turn, someone wants something... on Maimonides’ 8 Levels of Charity
Best of Consumerism Commentary
Following Your Bliss: Good Advice or Bunk?
Unintended Consequences and Money
The New Emergency Fund: Five Components to an Emergency Plan
Paying off Debt: 6 Steps to Building a Better Snowball
10 Steps to Break the Credit Card Habit
Your Job as Your Identity: Not for Me, Thanks
5 Signs You are About to Lose Your Job
Economic Stimulus Tax Rebate Calculator
50 Tips to Help Establish Your Emergency Fund
79 Cards Offering 0% APR on Purchases, Balance Transfers, or Cash
Advances
Cash vs. Credit Card: Gas Stations Charging Different Prices
Recent Articles
Maimonides’ 8 Levels of Charity
Early Morning Blog Roundup: Suckers, Micropayments, and Obsession
Gas Stations’ Profits Hurting: Should Congress Intervene?
Privacy Policy for Consumerism Commentary
Chrysler’s $2.99 Gas Guarantee: A Bad Deal
Sallie Mae Reporting Incorrectly to Equifax, Dropping FICO Scores
Using Fame to Promote an Issue: A Reponsibility or Uncouth?
Updated ING Direct $25 Bonus Links
Doodling for Charity: Doodle Day, May 8 Through May 18
Credit Card Suspended for Merchant Database Breach
Popular on pfblogs.orgNo, I Won’t Accept Your Counter Offer (CashMoneyLife) Roth 401(k) for People Who Contribute the Max (The Finance Buff) "Cutting my lifestyle is embarrassing" (Moneymonk) Living on 50% (The Debt Hole) Why a Single Source of Income is a Bad Idea (One Million and Beyond) 13 Year Old Steals His Father’s Credit Card, Buys Hookers (Personal Finance Hacks) About 15,000 Stimulus Payments Sent to the Wrong Accounts (Blogging Away Debt) Credits Cards, The Next Shoe? (AskDong) Free Cars For Life (If I Were Debt Free) Auctioning Debt to the Highest Bidder? (Master Your Card) Powered by pfblogs.org
Disclaimer
The authors of Consumerism Commentary are not professional financial advisers and no text within this website should be considered financial advice. Any individual who makes financial decisions based solely on the information
contained within does so at his or her own risk. Always consult a financial professional.
About Advertising



|
April 30th, 2008 at 11:00 am
Are there people still doing the balance transfer arbitrage anymore? I have been wondering how that has been working out lately with the credit crisis we are in.
April 30th, 2008 at 11:30 am
Kevin: I doubt it’s as common as it was a few years ago. It’s hard to make it worthwhile when interest rates on savings are low.
May 1st, 2008 at 12:32 am
I tried the arbitrage game with the Capital One No Hassle Visa Signature Cash card. I did a balance transfer in March. No transfer fee, and the 0 interest rate was supposed to last until September. In mid April, I got a letter from Capital One stating it made a mistake, and the transfer would be charged at the regular interest rate starting June 1. What a hassle.
I paid that sucker off last week. I made about $50 in interest in my online HSBC savings account while I had the money from Capital One plus other credit card transfers.
I suspect interest rates on savings accounts will drop again in May.
May 1st, 2008 at 1:22 pm
@flexo
thanks for sharing… These offers with no bal tran fees are hard to find these days…