American Express Blue Credit Card Offer
Author: referee 111
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 12:22 pm
Just received a Great offer from American Express Blue Card. Offer is as follows; It was a Direct Mail offer.. 0% Balance Transfer for 12 months.. No Balance Transfer fee with offer.. Purchase rate is 7.9.. I am not going to apply for this , but If anyone else did get this offer.. There are a couple of negative points in regards to this offer if it is not used correctly.. 1. Grace Period is only 20 days.... 2. If you do not pay off your Original Balance transfer Balance with in the 12 month Promotional period, the balance that is left will go to The rate of 17.99, not the usual purchase rate of 7.9...///3. if you Miss the due date of a payment.. Your account becomes over the limit, returned checks,ect , your APR can go as high as 23.99%.. 4. also as is the case with most Balance Transfer offers, your payments will go to the Balance transfer balance first , and any purchases are made with card, your purchase balance will continue to accrue interest each month until the balance transfer rate is paid..
If you are able to pay the Balance transfer off within the 12 months it is a great offer... Has anyone on the board received this offer and is now presently using it?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 1:28 pm
None of the "negatives" you mention are negative. They're simply the rules of the game. Everything in life has rules. In baseball you must run within the base lines, in basketball you cannot travel, etc. Would you say that driving is bad because you have to observe the speed limit and you must stop for red lights, and there are penalties if you violate these rules? Nonsense!
Follow the rules and the AEBC offer is a wonderful thing. Break the rules and it will bite you. It's as simple as that. Why even ask whether others have taken advantage of the offer? It's a legitimate offer from a legitimate issuer. There are many other such offers around. If you qualify, go for it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 3:03 pm
Ira wrote:
None of the "negatives" you mention are negative. They're simply the rules of the game. Everything in life has rules. In baseball you must run within the base lines, in basketball you cannot travel, etc. Would you say that driving is bad because you have to observe the speed limit and you must stop for red lights, and there are penalties if you violate these rules? Nonsense!
Follow the rules and the AEBC offer is a wonderful thing. Break the rules and it will bite you. It's as simple as that. Why even ask whether others have taken advantage of the offer? It's a legitimate offer from a legitimate issuer. There are many other such offers around. If you qualify, go for it.
Ira,
You are 100 % correct in stating that they are the rules of the game.. The only point that I was trying to make , that is a lot of times, People are so happy to have the 0% offer that they apply , get approved and use their available credit at 0%, and they did not read all of the items that I mentioned and you said that are rules of the game.. That is very True..
Happy new year to you Ira..
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 4:20 pm Post subject:
Uh. NO!
Sorry to burst the bubble. Plenty of people are disciplined enough to take a 0% offer and use it wisely so that when the intro period ends only a small balance if any exists. Then, a wise person would call and ask for a lower rate, if none is offered you have the choice to stay or leave.
If you max it out and then call for a lower rate after the intro, you have no such choice and are at the mercy of the bank.
Played right, 0% is a super duper offering for the consumer.
More than likely, you are disciplined otherwise an offer like this would not have been made.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 12:22 pm
Just received a Great offer from American Express Blue Card. Offer is as follows; It was a Direct Mail offer.. 0% Balance Transfer for 12 months.. No Balance Transfer fee with offer.. Purchase rate is 7.9.. I am not going to apply for this , but If anyone else did get this offer.. There are a couple of negative points in regards to this offer if it is not used correctly.. 1. Grace Period is only 20 days.... 2. If you do not pay off your Original Balance transfer Balance with in the 12 month Promotional period, the balance that is left will go to The rate of 17.99, not the usual purchase rate of 7.9...///3. if you Miss the due date of a payment.. Your account becomes over the limit, returned checks,ect , your APR can go as high as 23.99%.. 4. also as is the case with most Balance Transfer offers, your payments will go to the Balance transfer balance first , and any purchases are made with card, your purchase balance will continue to accrue interest each month until the balance transfer rate is paid..
If you are able to pay the Balance transfer off within the 12 months it is a great offer... Has anyone on the board received this offer and is now presently using it?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 1:28 pm
None of the "negatives" you mention are negative. They're simply the rules of the game. Everything in life has rules. In baseball you must run within the base lines, in basketball you cannot travel, etc. Would you say that driving is bad because you have to observe the speed limit and you must stop for red lights, and there are penalties if you violate these rules? Nonsense!
Follow the rules and the AEBC offer is a wonderful thing. Break the rules and it will bite you. It's as simple as that. Why even ask whether others have taken advantage of the offer? It's a legitimate offer from a legitimate issuer. There are many other such offers around. If you qualify, go for it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 3:03 pm
Ira wrote:
None of the "negatives" you mention are negative. They're simply the rules of the game. Everything in life has rules. In baseball you must run within the base lines, in basketball you cannot travel, etc. Would you say that driving is bad because you have to observe the speed limit and you must stop for red lights, and there are penalties if you violate these rules? Nonsense!
Follow the rules and the AEBC offer is a wonderful thing. Break the rules and it will bite you. It's as simple as that. Why even ask whether others have taken advantage of the offer? It's a legitimate offer from a legitimate issuer. There are many other such offers around. If you qualify, go for it.
Ira,
You are 100 % correct in stating that they are the rules of the game.. The only point that I was trying to make , that is a lot of times, People are so happy to have the 0% offer that they apply , get approved and use their available credit at 0%, and they did not read all of the items that I mentioned and you said that are rules of the game.. That is very True..
Happy new year to you Ira..
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Title: American Express Blue Credit Card Offer
Posted: Wed Dec 31, 2003 4:20 pm Post subject:
Uh. NO!
Sorry to burst the bubble. Plenty of people are disciplined enough to take a 0% offer and use it wisely so that when the intro period ends only a small balance if any exists. Then, a wise person would call and ask for a lower rate, if none is offered you have the choice to stay or leave.
If you max it out and then call for a lower rate after the intro, you have no such choice and are at the mercy of the bank.
Played right, 0% is a super duper offering for the consumer.
More than likely, you are disciplined otherwise an offer like this would not have been made.
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 4:33 PM
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