0% Interest Rate on Credit Card With Minimum 1.00 Charged Per Period
Author: binciong
Posted: Tue Oct 17, 2006 8:32 am
Post subject: Monthly Automatic Charge of $1?
I have a balance on a Discover card that carries 0% interest as long as there is at least one dollar charged every billing period.
Right now I pump one buck of gas each month but I'm capable of forgetting and then rates would jump way way up I'm sure.
Can anyone suggest a way to charge $1 per month on an automatic basis? It could even be a charity donation though I haven't found anything that would work yet.
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Author: Brammy
Posted: Tue Oct 17, 2006 9:37 am
Post subject:
Why not just schedulea normal bill like telephone, gas or cable and add that amount to your regular monthly payment?
Author: hdporter
Posted: Tue Oct 17, 2006 4:04 pm
Post subject:
Something like a utility bill is ok, but the larger the monthly charge the more undesirable it is. Because account payments are credited to the promotional balance, new charges will build and attract interest at the current rate for purchases on the cumulative balance. Odds are that this is a relatively undesirable rate.
To best take advantage of this offer, monthly purchases should be small. If you have a modest monthly bill that can automatically be charged to a credit card (a $15 Netflix subscription, for example) then you have a decently reasonable option. Brammy's suggested charges may fit this profile (for me, these are all $100+/mo charges).
Otherwise, your best bet is to continue to charge a small monthly purchase as you are presently.
Author: maddybeagle
Posted: Tue Oct 17, 2006 5:19 pm
Post subject:
There is has been several threads on Fatwallet on this....look at the boa keep the change threads......and there is some "bt for life deal" threads..
I personally havent used these and prefer to straight bt's and just apply for more periodically....
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Tue Oct 17, 2006 6:32 pm
Post subject: 0% Interest Rate on Credit Card With Minimum 1.00 Charged Per Period
I have had one of these for life offers for several months and just charge like a buck a month using a automatic Paypal subcription. No work on my part whatsoever! I Love Discover!
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Tue Oct 17, 2006 8:32 am
Post subject: Monthly Automatic Charge of $1?
I have a balance on a Discover card that carries 0% interest as long as there is at least one dollar charged every billing period.
Right now I pump one buck of gas each month but I'm capable of forgetting and then rates would jump way way up I'm sure.
Can anyone suggest a way to charge $1 per month on an automatic basis? It could even be a charity donation though I haven't found anything that would work yet.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Brammy
Posted: Tue Oct 17, 2006 9:37 am
Post subject:
Why not just schedulea normal bill like telephone, gas or cable and add that amount to your regular monthly payment?
Author: hdporter
Posted: Tue Oct 17, 2006 4:04 pm
Post subject:
Something like a utility bill is ok, but the larger the monthly charge the more undesirable it is. Because account payments are credited to the promotional balance, new charges will build and attract interest at the current rate for purchases on the cumulative balance. Odds are that this is a relatively undesirable rate.
To best take advantage of this offer, monthly purchases should be small. If you have a modest monthly bill that can automatically be charged to a credit card (a $15 Netflix subscription, for example) then you have a decently reasonable option. Brammy's suggested charges may fit this profile (for me, these are all $100+/mo charges).
Otherwise, your best bet is to continue to charge a small monthly purchase as you are presently.
Author: maddybeagle
Posted: Tue Oct 17, 2006 5:19 pm
Post subject:
There is has been several threads on Fatwallet on this....look at the boa keep the change threads......and there is some "bt for life deal" threads..
I personally havent used these and prefer to straight bt's and just apply for more periodically....
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Tue Oct 17, 2006 6:32 pm
Post subject: 0% Interest Rate on Credit Card With Minimum 1.00 Charged Per Period
I have had one of these for life offers for several months and just charge like a buck a month using a automatic Paypal subcription. No work on my part whatsoever! I Love Discover!
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 8:55 PM
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