Changing to a Fixed APR on Credit Card
Author: Guest
Posted: Thu Jul 01, 2004 2:20 pm
Post subject: Changing to a Fixed APR on Credit Card
My At&t MC is offering to change my 7.99 variable to a 7.99 fixed. Also they're giving me 0% on new purchases for 6 mos. This is after refusing to lower my rate. Good or bad?
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Author: Ira
Posted: Thu Jul 01, 2004 7:51 pm
Post subject: Changing to a Fixed APR on Credit Card
In this era of RISING interest rates, why even ask? You'll never see a permanent fixed rate lower than 7.9%. Just remember to ALWAYS get your payments in on time or you'll see just how fast they can raise that "permanent" rate.
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
Posted: Fri Jul 02, 2004 9:42 am
Post subject: Changing to a Fixed APR on Credit Card
Agreeing with Ira 100%.
Be happy you got 7.9% fixed.
Author: Guest
Posted: Fri Jul 02, 2004 5:29 pm
Post subject: Changing to a Fixed APR on Credit Card
I thought so but I wanted to run it by a pro. I'm very suspicious of anything that these CC co's do. I have ADD and when someone reads me a five minute agreement in legalese my brain gets frazzled. I also called back the next day ( they can only process one offer at a time) and got them to give me 0% on new purchases for 6 mos. Thanks.
FYI, When I applied for a Discover 0 for life on BTs, It offered 8.99 and without asking, they gave me 5.99.?? Not complaining!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Sat Jul 03, 2004 10:31 am
Post subject: Changing to a Fixed APR on Credit Card
You still have to read all the fine print. For example, I've seen offers of fixed rate cards that take away the grace period--you still have to pay that 7.9% (or whatever) even if you pay your bill in full each month. Or some cards add an annual fee when the change is made--or take away rewards points.
Shop--but be careful; banks are not your friends any more.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Jul 01, 2004 2:20 pm
Post subject: Changing to a Fixed APR on Credit Card
My At&t MC is offering to change my 7.99 variable to a 7.99 fixed. Also they're giving me 0% on new purchases for 6 mos. This is after refusing to lower my rate. Good or bad?
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
Posted: Thu Jul 01, 2004 7:51 pm
Post subject: Changing to a Fixed APR on Credit Card
In this era of RISING interest rates, why even ask? You'll never see a permanent fixed rate lower than 7.9%. Just remember to ALWAYS get your payments in on time or you'll see just how fast they can raise that "permanent" rate.
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
Posted: Fri Jul 02, 2004 9:42 am
Post subject: Changing to a Fixed APR on Credit Card
Agreeing with Ira 100%.
Be happy you got 7.9% fixed.
Author: Guest
Posted: Fri Jul 02, 2004 5:29 pm
Post subject: Changing to a Fixed APR on Credit Card
I thought so but I wanted to run it by a pro. I'm very suspicious of anything that these CC co's do. I have ADD and when someone reads me a five minute agreement in legalese my brain gets frazzled. I also called back the next day ( they can only process one offer at a time) and got them to give me 0% on new purchases for 6 mos. Thanks.
FYI, When I applied for a Discover 0 for life on BTs, It offered 8.99 and without asking, they gave me 5.99.?? Not complaining!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Sat Jul 03, 2004 10:31 am
Post subject: Changing to a Fixed APR on Credit Card
You still have to read all the fine print. For example, I've seen offers of fixed rate cards that take away the grace period--you still have to pay that 7.9% (or whatever) even if you pay your bill in full each month. Or some cards add an annual fee when the change is made--or take away rewards points.
Shop--but be careful; banks are not your friends any more.
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 12:25 PM
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