Credit Card Offer with no Annual Fee
Guest: nixuzer
Credit Expert (100+ Posts)
Post subject: Credit Card Offer with no Annual Fee
Posted: Tue Jan 09, 2007 9:12 pm
Quote:
This is a tale of two solicitations for credit cards with no annual fee. The lesson to be learned: Surprises may lurk in all. One credit card offer, from Bank of America, is riddled with fees and catches. Our other credit-card solicitation, from Capital One, appears to be a "no-hassle" deal.
A chief drawback to the Bank of America offer: You don't even know whether your interest rate will be 7.9%, 13.99% or 19.99% before you apply. It's "based on your creditworthiness."
There's up to a 29.99% rate if you pay late or exceed the credit limit. That's on top of the late-payment fee, which can range from $15 to $39, based on your outstanding balance. There's even a minimum $10 fee for balance transfers and if you use the credit card to purchase lottery tickets, casino gaming chips, money orders and foreign currency or travelers checks "from a non-financial institution." In addition it charges a 3% transaction fee for any transaction made in foreign currency.
_________________
People must again learn to work, instead of living on public assistance.
Cicero 55BC
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 10, 2007 10:20 am
I hold only 4 cc and a Home Depot card. My Amex is issued by the Centurian Bank, 2 Visas by Chase and a Discover by GE. All have no annual fee, etc.
To date, I've never had a problem with surprises. The thing is you have to read the fine print.
As I placed on a previous post, I got a notice from Chase a couple of months ago that should I default the APR goes up to 32.25%.
I don't have BoA in my market. However, all mailings have in an 8 point font a section that states you have a right of refusal. All you do is pay them and move on.
Look for other options if your not content. If you have the scores, it a buyers market.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor
Posted: Wed Jan 10, 2007 1:03 pm
Thanks for the link. Good to see you around Nix!
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: Credit Card Offer with no Annual Fee
Posted: Tue Jan 09, 2007 9:12 pm
Quote:
This is a tale of two solicitations for credit cards with no annual fee. The lesson to be learned: Surprises may lurk in all. One credit card offer, from Bank of America, is riddled with fees and catches. Our other credit-card solicitation, from Capital One, appears to be a "no-hassle" deal.
A chief drawback to the Bank of America offer: You don't even know whether your interest rate will be 7.9%, 13.99% or 19.99% before you apply. It's "based on your creditworthiness."
There's up to a 29.99% rate if you pay late or exceed the credit limit. That's on top of the late-payment fee, which can range from $15 to $39, based on your outstanding balance. There's even a minimum $10 fee for balance transfers and if you use the credit card to purchase lottery tickets, casino gaming chips, money orders and foreign currency or travelers checks "from a non-financial institution." In addition it charges a 3% transaction fee for any transaction made in foreign currency.
_________________
People must again learn to work, instead of living on public assistance.
Cicero 55BC
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 10, 2007 10:20 am
I hold only 4 cc and a Home Depot card. My Amex is issued by the Centurian Bank, 2 Visas by Chase and a Discover by GE. All have no annual fee, etc.
To date, I've never had a problem with surprises. The thing is you have to read the fine print.
As I placed on a previous post, I got a notice from Chase a couple of months ago that should I default the APR goes up to 32.25%.
I don't have BoA in my market. However, all mailings have in an 8 point font a section that states you have a right of refusal. All you do is pay them and move on.
Look for other options if your not content. If you have the scores, it a buyers market.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor
Posted: Wed Jan 10, 2007 1:03 pm
Thanks for the link. Good to see you around Nix!
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Sign up for our free monthly e-mail newsletter!
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 3:03 PM
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