Direct Mail Offer for Chase Visa Credit Card
Guest: ALex
Post subject: Direct Mail Offer for Chase Visa Credit Card
Posted: Fri Feb 24, 2006 9:44 am
> 0% on Balance Transfers through the June 2007 statement closing date for Chase Visa Signature> GO TO Fixed rate of 8.9 % after Promo Rate expires..
> One detail that is different than any previous offer that I have received from Chase, is that on this offer there is a 3% , $10.00 minimum and a Cap of $75.00 Balance transfer fee , on the previous offers that I have received, part of the promotion stated that if you do a balance transfer when you apply for the offer that the fee would be waived... I called Chase at the telephone Number listed on the offer and The account manager that I spoke with said that Chase has made a Business decision in regards to the 0% offers, that due to the cost to them of borrowing the money that there will be a transaction fee accessed.... I can understand that and I have no problems paying the fee........ One question that I forgot to ask the representitive was , is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
I also received an Offer from American Express Blue for a Rate for Life 3.9% for Balance transfers.. I discarded the offer, so I do not know that the Go To rate was, But I think that it was a Variable around 8.65%
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Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Fri Feb 24, 2006 11:10 am
Quote:
is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
It is usually a fee for EACH transfer so pays to make 1 large transfer.
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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Fri Feb 24, 2006 11:33 am
I wouldn't be so quick to ignore a 3.9% for life offer from AmEx. It usually doesn't make such offers. The offers I get have no fee but are usually are at its standard rates for purchases. I've got nice credit limits from AmExp, but no way to use them really.
With prime at 7.5%, even 3.9% is a steal. I'd put it in a 4.8% savings account. You can always pay it back if you can get a better deal from AmEx.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shooter
Credit Expert (100+ Posts)
Posted: Fri Feb 24, 2006 5:14 pm
Polonius wrote:
With prime at 7.5%, even 3.9% is a steal. I'd put it in a 4.8% savings account. You can always pay it back if you can get a better deal from AmEx.
Who's paying 4.8% right now? I must have missed that one.
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: Fri Feb 24, 2006 7:09 pm
Quote:
Who's paying 4.8% right now? I must have missed that one.
try HSBC
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/ Administrator
Posted: Sat Feb 25, 2006 9:43 am
ALex wrote:
> 0% on Balance Transfers through the June 2007 statement closing date for Chase Visa Signature> GO TO Fixed rate of 8.9 % after Promo Rate expires..
> One detail that is different than any previous offer that I have received from Chase, is that on this offer there is a 3% , $10.00 minimum and a Cap of $75.00 Balance transfer fee , on the previous offers that I have received, part of the promotion stated that if you do a balance transfer when you apply for the offer that the fee would be waived... I called Chase at the telephone Number listed on the offer and The account manager that I spoke with said that Chase has made a Business decision in regards to the 0% offers, that due to the cost to them of borrowing the money that there will be a transaction fee accessed.... I can understand that and I have no problems paying the fee........ One question that I forgot to ask the representitive was , is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
I also received an Offer from American Express Blue for a Rate for Life 3.9% for Balance transfers.. I discarded the offer, so I do not know that the Go To rate was, But I think that it was a Variable around 8.65%
Interesting...I have heard that Chase is eliminating the cap on their balance transfer offers. Don't know which cards this affects, though.
_________________
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(501) 663-0314
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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Feb 25, 2006 1:48 pm
Chase changed its standard terms to eliminate the cap on BTs, but it's still sending out special offers with caps. It can always do that. I think this change just gives it some flexibility--you can no longer count on a cap. As always, read the fine print on whatever offer you are considering...
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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/ Administrator
Posted: Sun Feb 26, 2006 10:42 am
Sage advice Polonius!
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
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!
Post subject: Direct Mail Offer for Chase Visa Credit Card
Posted: Fri Feb 24, 2006 9:44 am
> 0% on Balance Transfers through the June 2007 statement closing date for Chase Visa Signature> GO TO Fixed rate of 8.9 % after Promo Rate expires..
> One detail that is different than any previous offer that I have received from Chase, is that on this offer there is a 3% , $10.00 minimum and a Cap of $75.00 Balance transfer fee , on the previous offers that I have received, part of the promotion stated that if you do a balance transfer when you apply for the offer that the fee would be waived... I called Chase at the telephone Number listed on the offer and The account manager that I spoke with said that Chase has made a Business decision in regards to the 0% offers, that due to the cost to them of borrowing the money that there will be a transaction fee accessed.... I can understand that and I have no problems paying the fee........ One question that I forgot to ask the representitive was , is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
I also received an Offer from American Express Blue for a Rate for Life 3.9% for Balance transfers.. I discarded the offer, so I do not know that the Go To rate was, But I think that it was a Variable around 8.65%
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: Fri Feb 24, 2006 11:10 am
Quote:
is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
It is usually a fee for EACH transfer so pays to make 1 large transfer.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Fri Feb 24, 2006 11:33 am
I wouldn't be so quick to ignore a 3.9% for life offer from AmEx. It usually doesn't make such offers. The offers I get have no fee but are usually are at its standard rates for purchases. I've got nice credit limits from AmExp, but no way to use them really.
With prime at 7.5%, even 3.9% is a steal. I'd put it in a 4.8% savings account. You can always pay it back if you can get a better deal from AmEx.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shooter
Credit Expert (100+ Posts)
Posted: Fri Feb 24, 2006 5:14 pm
Polonius wrote:
With prime at 7.5%, even 3.9% is a steal. I'd put it in a 4.8% savings account. You can always pay it back if you can get a better deal from AmEx.
Who's paying 4.8% right now? I must have missed that one.
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: Fri Feb 24, 2006 7:09 pm
Quote:
Who's paying 4.8% right now? I must have missed that one.
try HSBC
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/ Administrator
Posted: Sat Feb 25, 2006 9:43 am
ALex wrote:
> 0% on Balance Transfers through the June 2007 statement closing date for Chase Visa Signature> GO TO Fixed rate of 8.9 % after Promo Rate expires..
> One detail that is different than any previous offer that I have received from Chase, is that on this offer there is a 3% , $10.00 minimum and a Cap of $75.00 Balance transfer fee , on the previous offers that I have received, part of the promotion stated that if you do a balance transfer when you apply for the offer that the fee would be waived... I called Chase at the telephone Number listed on the offer and The account manager that I spoke with said that Chase has made a Business decision in regards to the 0% offers, that due to the cost to them of borrowing the money that there will be a transaction fee accessed.... I can understand that and I have no problems paying the fee........ One question that I forgot to ask the representitive was , is there only one fee accessed for multiple Balance transfers for this offer or is there a Fee accessed for each one
I also received an Offer from American Express Blue for a Rate for Life 3.9% for Balance transfers.. I discarded the offer, so I do not know that the Go To rate was, But I think that it was a Variable around 8.65%
Interesting...I have heard that Chase is eliminating the cap on their balance transfer offers. Don't know which cards this affects, though.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
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!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Feb 25, 2006 1:48 pm
Chase changed its standard terms to eliminate the cap on BTs, but it's still sending out special offers with caps. It can always do that. I think this change just gives it some flexibility--you can no longer count on a cap. As always, read the fine print on whatever offer you are considering...
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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/ Administrator
Posted: Sun Feb 26, 2006 10:42 am
Sage advice Polonius!
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
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!
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