0% Credit Card APR for Life
Author: domaindweller
Posted: Sat Oct 01, 2005 9:19 pm
Post subject: Found a way to keep my zero percent interest rate for life!
Now I don't have to worry about making two purchases a month on my Discover Card. My trial period just expired a couple of months ago.
I was trying to make small purchases, but it is embarrassing for me to pay for coffee with my credit card. Plus the interest rate on my card for purchases is 17%!!!!
I found a website (Keepyourrate.com) that will charge my card for me. Only $1.75.
I don't care... I have to spend it anyway.
I don't want to have to figure out where to buy something small.
Well I'll see it if works ok.
Has anyone else signed up for this?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: hesiden
Posted: Sun Oct 02, 2005 12:27 am
Post subject: 0% Credit Card APR for Life
I don't know. I have to make a two $1 purchase per billing cycle.
keepyourrate.com says
Quote:
If your purchase requirement is twice in a billing cycle, you will set a recurring charge of $1.75 every week.
Only, $7.00 a month!
So I'm putting $7 of purchases (at the purchase rate) on my card per month instead of just $2. That will ruin the nearly intrest free deal much faster. Why would they charge $1.75 each week which is four times per billing cycle when only two is needed?
I'll stick with pumping $1 of gas twice at the beginning of the billing cycle.
Author: Polonius
Posted: Sun Oct 02, 2005 1:18 am
Post subject:
All the site is doing is setting up a subscription (to nothing!) through PayPal. Heck, I could do the same and charge 50 cents for the Polonius KeepThatRate subscription.
http://www.paypal.com/cgi-bin/webscr?cmd=p/pdn/pp-solutions-subscriptions-outside
So could anyone with a PayPal account that allows receipt of credit card payments.
I think you might have to make 3 charges per month to make sure two payments are posted in each billing cycle. If you had charges on, say, the first and 15th of each month, what if your statement date was on the second? The charge for the first might not be there on the second, so you might miss out. Having three dates charged avoids that issue. Or just set your own payment dates based on your statement closing dates--and hope those don't change.
$1.75 seems high. $1 isn't unreasonable considering the fees PayPal charges and the correspondence that might be necessary to handle a business of this sort, where charge cards expire, people die or move, charges bounce back unpaid, people forget what they've subscribed to and complain to the FCC and the OCC and the BBB that they're not being treated as elite customers, and so forth. I think I could handle all that for 75 cents per charge, though. Hm. Any demand out there?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: JaneiR36
Posted: Sun Oct 02, 2005 7:09 am
Post subject:
Oy vey.
I don't understand what's so embarassing about using a cc to make a small payment? If it bothers you that much, just tell the person you're with that you're trying to keep an unbelievably low APR.
My bank doesn't have a branch where I'm at so I rely heavily on cash back from grocery stores. I'll frequently pay for most of my purchase using CC, and then pay for maybe one last yoplait yoghurt or a 20 cent stick of gum or some pop using the debit card and then get cash back. Just do this with your CC whenever you go to get some food or something. Shouldn't be too embarassing, heck, the cashier doesn't even know you and doesn't give a hoot what you spend your money on and how you want to charge it!
Getting your finances in order (or making out like a bandit like a poster before me who shall remain nameless ), as the case may be should NOT be embarassing! Getting charged high interest rates or not having a hold on your finances is what should be. You should feel GOOD each time you charge the small purchases
Posted: Sat Oct 01, 2005 9:19 pm
Post subject: Found a way to keep my zero percent interest rate for life!
Now I don't have to worry about making two purchases a month on my Discover Card. My trial period just expired a couple of months ago.
I was trying to make small purchases, but it is embarrassing for me to pay for coffee with my credit card. Plus the interest rate on my card for purchases is 17%!!!!
I found a website (Keepyourrate.com) that will charge my card for me. Only $1.75.
I don't care... I have to spend it anyway.
I don't want to have to figure out where to buy something small.
Well I'll see it if works ok.
Has anyone else signed up for this?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: hesiden
Posted: Sun Oct 02, 2005 12:27 am
Post subject: 0% Credit Card APR for Life
I don't know. I have to make a two $1 purchase per billing cycle.
keepyourrate.com says
Quote:
If your purchase requirement is twice in a billing cycle, you will set a recurring charge of $1.75 every week.
Only, $7.00 a month!
So I'm putting $7 of purchases (at the purchase rate) on my card per month instead of just $2. That will ruin the nearly intrest free deal much faster. Why would they charge $1.75 each week which is four times per billing cycle when only two is needed?
I'll stick with pumping $1 of gas twice at the beginning of the billing cycle.
Author: Polonius
Posted: Sun Oct 02, 2005 1:18 am
Post subject:
All the site is doing is setting up a subscription (to nothing!) through PayPal. Heck, I could do the same and charge 50 cents for the Polonius KeepThatRate subscription.
http://www.paypal.com/cgi-bin/webscr?cmd=p/pdn/pp-solutions-subscriptions-outside
So could anyone with a PayPal account that allows receipt of credit card payments.
I think you might have to make 3 charges per month to make sure two payments are posted in each billing cycle. If you had charges on, say, the first and 15th of each month, what if your statement date was on the second? The charge for the first might not be there on the second, so you might miss out. Having three dates charged avoids that issue. Or just set your own payment dates based on your statement closing dates--and hope those don't change.
$1.75 seems high. $1 isn't unreasonable considering the fees PayPal charges and the correspondence that might be necessary to handle a business of this sort, where charge cards expire, people die or move, charges bounce back unpaid, people forget what they've subscribed to and complain to the FCC and the OCC and the BBB that they're not being treated as elite customers, and so forth. I think I could handle all that for 75 cents per charge, though. Hm. Any demand out there?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: JaneiR36
Posted: Sun Oct 02, 2005 7:09 am
Post subject:
Oy vey.
I don't understand what's so embarassing about using a cc to make a small payment? If it bothers you that much, just tell the person you're with that you're trying to keep an unbelievably low APR.
My bank doesn't have a branch where I'm at so I rely heavily on cash back from grocery stores. I'll frequently pay for most of my purchase using CC, and then pay for maybe one last yoplait yoghurt or a 20 cent stick of gum or some pop using the debit card and then get cash back. Just do this with your CC whenever you go to get some food or something. Shouldn't be too embarassing, heck, the cashier doesn't even know you and doesn't give a hoot what you spend your money on and how you want to charge it!
Getting your finances in order (or making out like a bandit like a poster before me who shall remain nameless ), as the case may be should NOT be embarassing! Getting charged high interest rates or not having a hold on your finances is what should be. You should feel GOOD each time you charge the small purchases
posted by CardRatings.com at 1:54 PM
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