AT&T Universal Credit Card
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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:13 pm
Post subject: at&t universal credit card
dave
Date: 9/1/2000 3:54 pm CDT
I have received a solicitation for a card and was wondering if anyone has experience with this bank and what your thoughts are. Especially interested in the quality of customer service and how often credit line increases are granted.
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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:14 pm
Board Monitor - CA
Date: 9/2/2000 1:12 pm CDT
Dave,
Thanks for your post - I always enjoy reading your insights about credit cards and hope you will continue to use our board (I'm assuming your the same Dave that has posted previously).
We rate the Universal Card very highly in our "Low Intro Rate Report" and many consumers have applied for this card through the link on our site. Though the Universal Card does not sponsor our site, I would personally recommend this card...because I am a cardholder myself. I can't comment on credit line increase, because I have only had the card for about six months, but I do know that their customer service has been great. I have called them a few times and have always been satisfied with the level of customer service.
You also get a free calling card...at least I did. You can find out more info. about this card by visiting their web site...
http://www.universalcard.com
Hope this helps!
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.cardratings.org
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:14 pm
dave
Date: 9/2/2000 1:20 pm CDT
Curtis-
yes, i am the sam dave and thanks for the compliment and your information about this card. think i'm going to apply. i have about $4K on another card at 16% so the balance transfer deal would be good for me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:15 pm
Eugene Skorodinsky
Date: 9/3/2000 11:07 pm CDT
Dave, this card is issued by a Citibank affiliate, and to my experience, Citibank is on of the best in customer service.
If you got the same offer I got, with a choice of 1.9% APR on balance transfer amounts of $3,500 or more, or 2.9% APR on lesser amounts, be aware that the 1.9% APR applies ONLY if you transfer balance at the time of accepting the application (I am not sure about 2.9% one). It was very unclear in their offer, so don't make the same mistake I made. Later, 2.9% applies instead of 1.9%.
About the free $100 in phone calls, the rates are just outrageous, so it's not gonns last long. It's better than nothing, though.
Eugene.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:16 pm
Board Monitor - CA
Date: 9/4/2000 1:55 am CDT
Dave,
You might want to also read the posts (if you haven't done so already) in our new Cardholder Card Reviews section (click on "Card Reports" and then click on "Card Holder Reviews". I noticed 4 posts about the Universal Card (would love for you to post a review later as well).
Let us know how things turn out!
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.cardratings.org
p.s. Thanks for your continued posts Eugene. You and Dave add a lot to this board!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:17 pm
Jean
Date: 9/5/2000 2:08 pm CDT
I too am thinking of transferring balances over to AT&T but it seems too good to be true.
If I took this low APR for nine months and then switched over to another card that was offering me a good deal, is there a fee for switching?
Or would it make more sense to just begin with a 8.9% APR for an unlimited amount of time with Bank of America? I have about $7000 of debt that I would be transferring over, which will probably take me two years to pay off.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:18 pm
dave
Date: 9/5/2000 2:26 pm CDT
there is no fee for switching in the promotional material I received from them but there is a balance transfer fee of 3% up to $29 per transfer. you could go for their offer and then do another balance transfer at the nine month mark since the regular apr is 14.49. or if you don't want to contend with the hassle of doing that, go for the BofA offer. guess it depends on how much effort you want to put into it. seems to me it would be worth it to go with AT&T first but you can't be certain that nine months from now, BofA will still have their offer (although it seems likely that someone will have an equally attractive offer for you in nine months barring an econmic disaster.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:18 pm
Board Monitor - CA
Date: 9/5/2000 4:34 pm CDT
Dave,
Good advice. The only thing I would question is the ongoing APR. According to their web site, the ongoing APR is a variable rate of Prime + 7.9%, which is currently 17.40%.
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.cardratings.org
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:19 pm
dave
Date: 9/5/2000 5:07 pm CDT
Curtis--
The figure I cited is from a pre-approved offer that came in the mail (prime rate + 4.99) which I guess is different from the website offer.
Dave
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 6:04 PM
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