Comments on: Best 0% Balance Transfer Credit Card Depends on Balance Transfer Fees

By: Glynda

Glynda — Wed, 18 Feb 2009 03:57:30 +0000

I had an advanta business card that my terms showed I had a fixed rate. I was never late and they sent me something in the mail telling me they were raising my interest rate to 35%. I called and asked why, they said they looked at my finances again and increased the rate. My finances had not changed at all. Be very careful when working with Advanta. I will never use them again. g

By: MMB

MMB — Mon, 15 Sep 2008 21:28:18 +0000

“I saw your suggestion for Advanta Business card and as of August 2008, the deal is:

They cap your initial credit limit at $2500, it doesn’t matter who you are.”

Is this true?? The Advanta website said credit limit upto $50,000. I own a business and would like to get a $30,000 limit. Would I be wasting my time if I apply and get just $2500?? Is there any way to get more from them?

By: Mr Credit Card

Mr Credit Card — Fri, 29 Aug 2008 03:43:15 +0000

They have just increased the fee. I’ve updated the post. Thanks for pointing out.

By: jc

jc — Fri, 29 Aug 2008 02:19:06 +0000

My best recommendation would be to get the Advanta Platinum BusinessCard with Rewards. It has a 0% balance transfer deal for 15 months, the longest introductory period at this moment. It has a balance transfer fee. But a 3% of BT, minimum of $5 and maximum of $50, this is still worth doing a balance transfer if you have a large amount to transfer. Though it is a business card, you can apply even if you do not have a business. You will simply be treated as a sole proprietor. Just enter “business individual” under “business type” and “owner” under “position”.

When I went to apply for this card the balance transfer fee is min of $5 and max of $90, where did you obtain the aforementioned information?

By: Kevin

Kevin — Wed, 27 Aug 2008 12:14:35 +0000

Discover More card will not let you transfer balances from another Discover Card (my wife has one). Also, the balance transfers are up to $99 per transfer.

By: Baltar

Baltar — Sun, 10 Aug 2008 20:05:35 +0000

I saw your suggestion for Advanta Business card and as of August 2008, the deal is:

They cap your initial credit limit at $2500, it doesn’t matter who you are. If you are wanting to do a balance transfer over this amount, you cannot. They do take balance transfers in order they are given as long as they total less then the above limit, not like some companies do – lowest from highest. The balance transfer fee has increased from what you have. It is now at $90 maximum.

I decided this wasn’t the balance transfer card for me, as my debt is $2900 and that $90 transfer fee doesn’t make it worth it (look at the fee as interest paid up front). Plus, they would only be able to take on part of my total.

By: Zero Interest Credit Cards to Avoid (Ask Mr Credit Card’s Blog)

Zero Interest Credit Cards to Avoid (Ask Mr Credit Card’s Blog) — Thu, 03 Jul 2008 21:02:22 +0000

[...] Best 0% Balance Transfer Credit Card depends on balance transfer fee [...]

By: Dan

Dan — Tue, 20 May 2008 12:50:03 +0000

thanks for the info mr credicard. i’m interested in the advanta card but this statement worries me, ” In accordance with applicable law and the terms of your Card Agreement, we may change all of your account terms, including rates and fees, at any time for any reason. This means that your account rates, including any introductory or promotional rates offered, are not guaranteed; all account rates may be increased, fixed rates may change to variable rates, and variable rates may change to fixed rates”.

By: Mr Credit Card

Mr Credit Card — Tue, 29 Apr 2008 03:57:58 +0000

Just put your individual name

By: Charles

Charles — Mon, 28 Apr 2008 15:45:45 +0000

I see you recommended the Advanta Platinum Card, even if you do not own a business. The card has a good deal, and there is also one above the platinum that starts at 0% for three months, then 2.99% fixed until payed off. There is one part where it asks you the legal name of the business. Can I make a name up, or is this Illegal?