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  • Profile photo of Rust992001Rust992001
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    @rust992001
    Join Date: 2009
    Post Count: 3
    June 2, 2010 - 5:24 am

    Thanks for your advice Terry…. much appreciated !

    Andrew, the CC company is Citibank, and yes there is a catch. The minimum monthly payment is either $50 or 2% of the outstanding balance (whichever is higher) – so, the maximum balance transfer amount is $30k, which means initial monthly payment of $600 and as you need to be paying 2% of the total loan every month – this means the life of the loan is restricted to 50 months (not taking interest into consideration).

    Regards,
    Rust992001

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