The Offer
- NFCU is offering a 12 month 0% introductory APR on balance transfers with no balance transfer fee
Card Details
- No annual fee
- No rewards program
Our Verdict
Normally this card has no balance transfer fee and a low rate (7.24-18%) so really the new ‘bonus’ aspect of this card is the 12 month 0% APR. Unfortunately this is only on balance transfers and not on purchases, but given this card doesn’t have a rewards program it would make more sense to put the spending on other cards anyway. These offers are becoming more interesting as interest rates increase. We never recommend carrying a balance, expect in cases of arbitrage where you’re making money on the interest earned in another account on this 0% APR offers. There are better 0% APR and no BT fee offers, but always nice to see another option.
I like to see these.
As interest rates rise these deals become more valuable than sign on bonuses. EG – Get a 10k limit, invest in FDIC account at 2% – $200 and a liquid emergency fund to boot.
If you play high yield games you could be looking at $400+ for an otherwise bland card.
+1
This card isn’t too bad. If an emergency happened that you need to borrow without having to do an inquiry for a personal loan is definitely a pus!]
Are you saying there is no hard pull?
Of course there is a hard pull for this credit card
Hes saying the interest is so low that, in a bind, you could stomache carrying a balance on it at a rate lower than a personal loan.
I have it for this fall back with an interest rate under 10%