The Truth About Balance Transfer & Convenience Checks

Posted by on May 17th, 2008 at 12:45am

money news blog - Just another WordPress weblog wrote an interesting post today on
Here’s a quick excerpt
If you have a credit card, you have almost suredly received some balance transfer or “convenience” checks from your credit card company. These checks are often marketed with credit limit increases to get the borrower to put more debt on their card. You have to be careful with these offers as there are usually strings attached. Balance transfers usually carry a one time fee of 3-5% of the amount transferred, or a flat fee (whichever is greater). This fee ensures that your credit card company is

Read the rest of this great post here

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