Balance Transfer Credit Card Monthly Update

SmartBalanceTransfers.com (http://www.SmartBalanceTransfers.com), a Credit Card Depot Inc. website, tracks the credit card market on a daily business and provides consumers with information on current balance transfer credit card offers from major credit card issuers.

Over the past month, we have once again seen a decrease in no fee balance transfer offers. Just about every issuer has pulled these off the market. While there are a few no fee balance transfer offers remaining (see http://www.smartbalancetransfers.com/no-transfer-fees.php), the majority of credit cards offering 0% rates are charging 3% balance transfer fees.

A disturbing trend is starting to develop with regard to these fees, however. Whereas most credit card companies cap the balance transfer fee at $75, a number of companies have raised the maximum fee to $250. Even more startling is the growing number of companies with no limit to their balance transfer fees. Most consumers won’t be affected by this, though, as anyone transferring a balance of $2500 or less won’t pay more than $75 in transfer fees.

For additional information on balance transfer credit cards, including in-depth money saving articles, calculators to help determine balance transfer savings, and a complete directory of current balance transfer credit card offerings, visit http://www.SmartBalanceTransfers.com.

About Us

Credit Card Depot Inc is an online credit card information portal that hosts credit card applications from the nation’s largest credit card issuers. At our websites, you can compare credit card offers, select the best credit card deal, and apply online for approval.