Citibank Low % balance transfer and no yearly fee

[nlagalle]

I found a link once for this, I am pretty sure it was a gold visa, no yearly fee ever and a 3.9% balance transfer for the life of the outstanding amount.

Has anyone seen this around?

[lovetravellingoz]

Yes it is around..

but you can get 0% with other providers.....

Just Google it....
For example



HSBC's Low Rate Credit Card



It's that time of year when the sales are in full swing. Spend your money on more important things and save with special interest-free periods on purchases and balance transfers. Plus the annual card fee is waived in the first year.

Take advantage of these great features:

• 0% p.a. until 1 June 2008*

[Alelalala]

Whatever you do just remember not to go with greedy HSBC.

[Alelalala]

...just continuing my last post. HSBC will charge you 20% interest after these 6 months at 0%. And they won't be nice if you pay 1 (one) single day late. They will charge you $30. There are certainly better options around.

[Nutcase]

...just continuing my last post. HSBC will charge you 20% interest after these 6 months at 0%. And they won't be nice if you pay 1 (one) single day late. They will charge you $30. There are certainly better options around.

You're right. Read the fine print. After the interest free period, MOST cards these day revert to the cash advance rate after the interest free period is over.

Also, If you've been transacting on this card as well, you will have already been revolving at the purchases rate because payments are applied to balance transfers first.

Best option - Citibank Card Balance transfer for life and DONT Transact on the card until your Balance transfer is paid off.

[vilemerchant]

You're right. Read the fine print. After the interest free period, MOST cards these day revert to the cash advance rate after the interest free period is over.

Yeah I've fallen for this trap recently. My Citibank Clear card has reverted to the cash advance rate of an incredible 20.74%. At the time when I took out the BT the cash advance rate was always the same as the purchase rate, currently 12.49%. Citibank are totally raping me now, my fault but it still sucks.

[JohnK]

Whatever you do just remember not to go with greedy HSBC.

...just continuing my last post. HSBC will charge you 20% interest after these 6 months at 0%. And they won't be nice if you pay 1 (one) single day late. They will charge you $30. There are certainly better options around.

Why? All credit cards have a fee for paying 1 day late.

The HSBC low rate credit card is actually quite a good credit card, despite the 19.99% interest rate, as they are continually offering balance transfers at 5.99% for 6 months for existing customers. It helps reduce my credit card interest bill for 6 months at which point I pay off some of the HSBC balance and then initiate another balance transfer saving some more interest....

[pongie]

The HSBC low rate credit card is actually quite a good credit card, despite the 19.99% interest rate, as they are continually offering balance transfers at 5.99% for 6 months for existing customers. It helps reduce my credit card interest bill for 6 months at which point I pay off some of the HSBC balance and then initiate another balance transfer saving some more interest....

How do you get the offer? Mail? online? or can you call them up? My 6 months was up and I called to cancel the card but its been 2 motnhs and I'm still getting $0 bills. If they're willing to do the 5.99% I may keep it.

[JohnK]

How do you get the offer? Mail? online? or can you call them up? My 6 months was up and I called to cancel the card but its been 2 motnhs and I'm still getting $0 bills. If they're willing to do the 5.99% I may keep it.

Online.

HSBC Balance Transfers

Download the form, complete it and fax it to the number provided.

[pongie]

Thanks. From the looks of it this is not a limited time offer. I have already trasnferred my balance to NAB for another 6 months at 0% (which is going to end in 4 months), so maybe I'll keep the card and trasnfer it back.

Saves me applying for another card later on... I think I already have to many credit card applications on my file.