Capital One Credit Cards With No Balance Transfer Fees

By Flexo on Wednesday, April 30th, 2008 in Credit Cards
Bookmark: del.icio.us | reddit | digg

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 Cash^SM Rewards – Excellent Credit (14.9% APR)
• No Hassle Miles^SM Rewards – Excellent Credit (13.9% APR)
• Platinum Prestige (7.9% APR)
• Platinum – Above Average Credit (12.9% APR)
• No Hassle Cash^SM Rewards – Above Average Credit (16.9% APR)
• No Hassle Miles^SM Rewards – Above Average Credit (16.9% APR)
• Standard Platinum (Variable rate, currently 17.8% APR)
• No Hassle Cash^SM 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

Scroll down to read 4 comments on “Capital One Credit Cards With No Balance Transfer Fees.”

Related Entries on Consumerism Commentary

4 Comments on “Capital One Credit Cards With No Balance Transfer Fees.” To add your own comment, scroll down.

Comment #1 by Kevin (reply)
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.
Comment #2 by Flexo (reply)
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.
Comment #3 by shoyu (reply)
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.
Comment #4 by ChristianPF (reply)
May 1st, 2008 at 1:22 pm

@flexo
thanks for sharing… These offers with no bal tran fees are hard to find these days…

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

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

Consumerism Commentary

MoneyBlogNetwork

Archives By Month

pfblogs.org Blogroll

Randomized Blogs

Site Sponsors

Capital One Credit Cards With No Balance Transfer Fees

Scroll down to read 4 comments on “Capital One Credit Cards With No Balance Transfer Fees.”

Related Entries on Consumerism Commentary

4 Comments on “Capital One Credit Cards With No Balance Transfer Fees.” To add your own comment, scroll down.

Leave a Comment

Welcome to Consumerism Commentary

Contributors

Subscribe via E-mail

Recent Comments

Best of Consumerism Commentary

Recent Articles

Popular on pfblogs.org

Disclaimer

About Advertising