Are Credit Card Purchase Checks Treated as a Purchase?
Author: minute
Posted: Sat Feb 11, 2006 3:56 am
Post subject: 0% APR on cash advance or check?
Does any credit card company provide short term 0% APR on cash advance? or 0% APR on using the checks they send with the monthly statement?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: cled
Posted: Sat Feb 11, 2006 10:18 am
Post subject: Re: 0% APR on cash advance or check?
minute wrote:
Does any credit card company provide short term 0% APR on cash advance? or 0% APR on using the checks they send with the monthly statement?
MBNA amex card offers 0% for balance transfer and cash advance for 12 months...
catch? you may have to pay 3% transaction fee...
(read terms and conditions)
https://wwwn.applyonlinenow.com/USCCapp/Ctl/validate?eid=8DBD49E8
Author: Polonius
Posted: Sat Feb 11, 2006 11:06 am
Post subject:
Capital One purchase checks are treated as purchases. Use them after your statement date and pay them back before the due date specified on your next statement and you have use of the money for nearly two months for no charge and no fee. That's 0%, but you do have to paid it back every other month before repeating.
Citibank's special BT offers are often without fee--but they're usually not 0%. What's wrong with 1%? or 3%? You can get 4.8% in a savings account, so why expect banks to be so generous? I'm surprised they're as generous as they are with such offers! (Of course, they hope to make money on you--the offers aren't based on generosity.)
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
Author: scarymary
Posted: Sat Feb 11, 2006 11:41 am
Post subject:
I just received checks from Capital One that are offering a fixed 5.99% APR fixed until paid BUT have a 3% fee for each check used...
I would probably take advantage of this but I have a balance on my account already at 9% that I just can't pay off at the moment...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sat Feb 11, 2006 3:56 am
Post subject: 0% APR on cash advance or check?
Does any credit card company provide short term 0% APR on cash advance? or 0% APR on using the checks they send with the monthly statement?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: cled
Posted: Sat Feb 11, 2006 10:18 am
Post subject: Re: 0% APR on cash advance or check?
minute wrote:
Does any credit card company provide short term 0% APR on cash advance? or 0% APR on using the checks they send with the monthly statement?
MBNA amex card offers 0% for balance transfer and cash advance for 12 months...
catch? you may have to pay 3% transaction fee...
(read terms and conditions)
https://wwwn.applyonlinenow.com/USCCapp/Ctl/validate?eid=8DBD49E8
Author: Polonius
Posted: Sat Feb 11, 2006 11:06 am
Post subject:
Capital One purchase checks are treated as purchases. Use them after your statement date and pay them back before the due date specified on your next statement and you have use of the money for nearly two months for no charge and no fee. That's 0%, but you do have to paid it back every other month before repeating.
Citibank's special BT offers are often without fee--but they're usually not 0%. What's wrong with 1%? or 3%? You can get 4.8% in a savings account, so why expect banks to be so generous? I'm surprised they're as generous as they are with such offers! (Of course, they hope to make money on you--the offers aren't based on generosity.)
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
Author: scarymary
Posted: Sat Feb 11, 2006 11:41 am
Post subject:
I just received checks from Capital One that are offering a fixed 5.99% APR fixed until paid BUT have a 3% fee for each check used...
I would probably take advantage of this but I have a balance on my account already at 9% that I just can't pay off at the moment...
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 7:38 PM
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