Locked: Credit Cards with low interest/free balance transfers?

Holystone wrote: ↑ MBNA Platinum MasterCard. Introductory balance transfer rate of 0% for 12 months. No annual fees. And you get $60 cash back if you apply through GCR.

mcfart wrote: ↑I don't know if this is the place to ask, but I'm with Coast Capital and carrying a high balance ATM (~$5k) and wondering what the best way to reduce interest fees is (besides paying everything off which I'm not financially able ...). I called and they suggested the card with a $50 annual fee and 10.9% interest instead of my $0 annual fee and 20.9% interest. Just wondering what other options I can take advantage of for this. Thanks.

mcfart wrote: ↑ I already got that card and using it.

titaniumtux wrote: ↑ Yikes, get out of that 20.9% interest at (nearly) all costs, since it's hard to pay down a balance with such high interest. Since you're already running an MBNA PP...



Grab the PC MC. They have a promo on BT's. I think it's $0 upfront, then 0.99% for one year.

If you can, get a LOC with the bank. Have a few safety nets to make sure you never pay over 10% interest on "high interest debt".

mcfart wrote: ↑ Tried with RBC (not the bank I have the large balance CC with) and got declined cuz debt payments are 52% of income. Can I try applying with Coast Capital? I think RBC person said I only lost 2 points cuz of inquiry.

coolintheshade wrote: ↑ LOC is the hardest to be approved for, especially if you have existing debt, as you’ve already found out.
I recommend you apply for this https://online.royalbank.com/cgi-bin/ap ... k=25276286

It’s an RBC Cashback MasterCard that comes with a promotional balance transfer option.
1.9% for 10 months. That’s pretty good.
You just have to make sure, after the 10 months to have it paid off, or able to balance transfer it somewhere else, so you don’t get hit with the 23% interest it turns into after the promo period.
This card could also be a keeper after it’s served it’s useful purpose, as it is a straight 2% back at grocery stores, which includes WalMart Supercentres.
Just a thought.

coolintheshade wrote: ↑ LOC is the hardest to be approved for, especially if you have existing debt, as you’ve already found out.
I recommend you apply for this https://online.royalbank.com/cgi-bin/ap ... k=25276286

It’s an RBC Cashback MasterCard that comes with a promotional balance transfer option.
1.9% for 10 months. That’s pretty good.
You just have to make sure, after the 10 months to have it paid off, or able to balance transfer it somewhere else, so you don’t get hit with the 23% interest it turns into after the promo period.
This card could also be a keeper after it’s served it’s useful purpose, as it is a straight 2% back at grocery stores, which includes WalMart Supercentres.
Just a thought.

mcfart wrote: ↑ Thanks, but already have that as well lol. Have primary card mbna and rbc cards. Sadly the balance transfer duration ended on it. Have it paid off tho.

craigslist123 wrote: ↑ Which Canadian Credit Card has the lowest balance transfer fee. Thank you all.

1. MBNA. PP card is grandfathered. Discussion on other MBNA cards continues here.
2. RBC
3. CIBC
4. BNS
5. AmEx
6. Etc. (including TD CT, etc.)