Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Loan Transfer at 2.9% APR
Old 05-18-2004, 04:30 AM   #1
Posts: n/a
Loan Transfer at 2.9% APR

Capitial One is offering loan transfer at 2.9% APR for the full term. You can transfer any kind of loans, i.e., personal, auto, home equity, etc. They provide you with checks that you can write to pay off your current debts. They say there is no catch; that is, there is no transfer fee. I wonder there must be something, i.e., maximum amount you can transfer, maximum term limit (one year or less?)...
  Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Loan Transfer at 2.9% APR
Old 05-18-2004, 08:52 AM   #2
Posts: n/a
Re: Loan Transfer at 2.9% APR

Thanks for the advice. One of the way to avoid fee is to setup an automatic payment plan from your bank account and be sure to have sufficient fund available (in the account) to cover any changes in the terms. 8)
  Reply With Quote
Re: Loan Transfer at 2.9% APR
Old 05-18-2004, 04:20 PM   #3
Posts: n/a
Re: Loan Transfer at 2.9% APR

I have maxed out a bunch of credit cards to take advantage
of their promo rates, which has worked out well.
However, in spite of a spotless record, no one will
touch me now, in terms of any significant new credit
cards or credit limits. I'll bet I have sent in 5 or 6 new
applications. All declined. I have significant net worth
and no blemishes, yet I am not wanted. At the same time
the CC companies are issuing cards to college
students, and people with no jobs. I am not complaining
though. They have to have standards to issue.
Analyzing every app. on its individual merits is not

John Galt
  Reply With Quote
Re: Loan Transfer at 2.9% APR
Old 05-19-2004, 05:17 AM   #4
Posts: n/a
Re: Loan Transfer at 2.9% APR

I've never had anyone cancel on me, other than for
non-use of the card. I built up this mountain of
credit cards back when I was working, i.e.
it's been well over 5 years now. I believe that I still
have about the same credit available as I did back then.
It's ironic that now that my credit is even more golden than it was (yes, I have seen my credit report), new
apps. are routinely turned down. I suppose they
are afraid I will take all that free money and move to

John Galt
  Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Special 125% "Freedom Loan": 2 points and 13.653% APR calmloki FIRE and Money 40 04-13-2007 07:25 PM
401k Loans rogerc1944 FIRE and Money 13 02-17-2007 02:12 PM
Looking for low permanent CC transfer rates BigMoneyJim FIRE and Money 8 09-24-2006 02:08 AM
Should I transfer my brownco Roth to Vanguard? soupcxan FIRE and Money 6 12-28-2005 07:14 AM
Is Home Equity loan the Answer?? neverwilllearn Hi, I am... 0 11-13-2005 08:08 PM


All times are GMT -6. The time now is 12:27 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.