What credit crisis? Citibank is now offering 0% APR interest on balance transfers for 21 months on its Citi Platinum Select Mastercard. Not only is it longer, but notice they are not allowed to say “up to” anymore with new credit card laws. If you get approved – this card requires good to excellent credit – then you’ll get the 21 months. No annual fee.
0% introductory APR for 21 month from date of first transfer when transfers are completed within 4 months from date of account opening.
The balance transfer fee is 3% ($5 minimum) so it’s not a screaming deal, but a one-time 3% fee spread out over 1.75 years is quite an improvement over the 6-month offers available just a year ago. The card also includes 0% APR for 12 months on purchases. If you have higher interest debt elsewhere, this is a long and flexible offer.
As an opportunity to arbitrage some profit by borrowing at the low rate and investing it elsewhere, you could probably make a very, very slim profit if you really tried with a bank CD, and maybe a little better with one of those 4% rewards checking accounts.
Find more in Credit Cards, Deals & Offers | 10/9/10, 2:27am | Trackback
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