Monday, June 14, 2010

Balance Transfers And Getting A New Card

This past week I was in Boston doing a reading of a really cool new musical called Unknown Soldier,  by Daniel Goldstein and Michael Friedman at the awesome Huntington Theatre.  While there, a fellow cast member asked me if I knew of a good credit card for transfering her high-interest rate balance.  I didn't hesitate: "Actors Federal Credit Union Gold Card!"  Why this particular card?  Well, they have a ZERO balance transfer fee which is basically unheard of these days.  Any time you want to transfer a balance to a new card, or even an existing card, you will most definitely incur a fee of 3 to 4 percent.  That's a lot!  Plus, you may not even get a 0% interest rate on that transfer.

However, at Actors FCU, if you qualify for the Gold Card, you'll get a zero balance transfer fee and an introductory (6-month) APR of only 1.9%.  That's really good by current standards.

So, if you're one of those people (and there are many right now) who needs to transfer a balance to save money from high interest rates, check out the Actors FCU Gold Card.

One more note of interest: the rate after 6 months only goes up to 8.9%!!!  Good luck finding a better deal elsewhere.. just sayin.

And as always, charge with care :)

Click here to see the card offer.

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