Discover Credit Card with 0% APR on Balance Transfers
Guest: lowloan
Post subject: Discover Credit Card with 0% APR on Balance Transfers
Posted: Sun Apr 09, 2006 2:59 pm
I just recived a mail offer from Discover
0% APR for life, on Balance transfers.
Has any one tried this and what is the feedback.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 3:17 pm
lowloan wrote:
I just recived a mail offer from Discover
0% APR for life, on Balance transfers.
Has any one tried this and what is the feedback.
Look at the fine print
One or two purchases required every month
It could be like $1.00 or even $0.32 but 100% of these purchases will accrue interest
(NOT AT 0.00%--more like 16%--21%)
100% guarantee you will have a MINIMUM FINANCE CHARGE like $1.00 or $2.00
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 3:21 pm
Not saying it won't work for YOU
I'm not gonna' do it
0.99% or 1.99% (NO FEE) for life would be better for me
But they think 7.99% + $50.00 fee is good for me
SURE IT IS...
NOT!!!!!!
It is at $0.00 and has been for a while
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 10, 2006 8:28 am
I have seen 2 variations....one where you have to put a min. of 50 bucks on it a month..which I would pass on. The 2 purchases for 1 buck a pop probably is ok if you can keep track and have a large enough credit limit to make it worth your time.
Was this a new card offer or on an existing card?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: lowloan
Posted: Mon Apr 10, 2006 11:45 am
It is a new card and it is the second one.
Let me ask you this,
If I barrow 5000/- and did a $1 per month purchase, how will this work?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 10, 2006 12:28 pm
search for this offer on fat wallet, they have all kinds of discussion and I think mouse pretty much explained it.....your purchases (the 1 or 2 bucks) will be charged at the purchase rate...and at first you will be charged the min. finance charge. The 1 buck and the interest charges will compound and each month you will add another buck. Your min. payment will be applied to the bt 0% balance first.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: lowloan
Posted: Mon Apr 10, 2006 3:27 pm
Thank you for the feedback.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Discover Credit Card with 0% APR on Balance Transfers
Posted: Sun Apr 09, 2006 2:59 pm
I just recived a mail offer from Discover
0% APR for life, on Balance transfers.
Has any one tried this and what is the feedback.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 3:17 pm
lowloan wrote:
I just recived a mail offer from Discover
0% APR for life, on Balance transfers.
Has any one tried this and what is the feedback.
Look at the fine print
One or two purchases required every month
It could be like $1.00 or even $0.32 but 100% of these purchases will accrue interest
(NOT AT 0.00%--more like 16%--21%)
100% guarantee you will have a MINIMUM FINANCE CHARGE like $1.00 or $2.00
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 3:21 pm
Not saying it won't work for YOU
I'm not gonna' do it
0.99% or 1.99% (NO FEE) for life would be better for me
But they think 7.99% + $50.00 fee is good for me
SURE IT IS...
NOT!!!!!!
It is at $0.00 and has been for a while
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 10, 2006 8:28 am
I have seen 2 variations....one where you have to put a min. of 50 bucks on it a month..which I would pass on. The 2 purchases for 1 buck a pop probably is ok if you can keep track and have a large enough credit limit to make it worth your time.
Was this a new card offer or on an existing card?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: lowloan
Posted: Mon Apr 10, 2006 11:45 am
It is a new card and it is the second one.
Let me ask you this,
If I barrow 5000/- and did a $1 per month purchase, how will this work?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 10, 2006 12:28 pm
search for this offer on fat wallet, they have all kinds of discussion and I think mouse pretty much explained it.....your purchases (the 1 or 2 bucks) will be charged at the purchase rate...and at first you will be charged the min. finance charge. The 1 buck and the interest charges will compound and each month you will add another buck. Your min. payment will be applied to the bt 0% balance first.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: lowloan
Posted: Mon Apr 10, 2006 3:27 pm
Thank you for the feedback.
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 5:20 PM
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