Examples of credit card balance transfer

Lesson learned: The minimum payments could cause problems to your cash-flow management.

Example 1

Card: Citi
Amount: $6000 transferred to checking account
Rate: 2.99% until payoff
Fee: None
E-statement & automatic minimum payment
Where: 26 weeks & 13 weeks T-bills
$ made: 11.6 per month for last 15 months

Example 2

Card: M&T
Amount: $30000 transferred to checking account
Rate: 0% for 11 months
Fee: 2%
Paper statement & automatic minimum payment
Where: 26 weeks, 13 weeks, & 4 weeks T-bills
$ made: 612.86