DiscoverCard Credit Card Paypal Payment

Guest: Board Monitor
Board Monitor/ Administrator
Post subject: DiscoverCard Credit Card Paypal Payment
Posted: Mon Apr 17, 2006 11:55 am

Has anyone tried the DiscoverCard payment tip through Paypal?
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Guest: jo9675
Posted: Fri Apr 21, 2006 4:16 pm

I didn't have the problems you listed about fees being added or anything like that. The only thing to watch is that you CUT UP THE CREDIT CARD as soon as you receive it and the transfer is on there. What's tricky about them is that, if you put any other purchases on the card, they get paid off last - so you're building finance charges on those purchases just like you weren't paying on them. The transfer will be completely paid off before you'll start paying toward the purchases. It'll bite you quick. Hope this helps - jo

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Guest: esjjventura
Posted: Fri Apr 21, 2006 7:06 pm

[quote="jo9675"]if you put any other purchases on the card, they get paid off last - so you're building finance charges on those purchases just like you weren't paying on them. [/quote]

Yep, that's exactly it. That's why I only put 3 cents each transaction. I've been doing this for about a year now, and my finance charges are about $1 each month. Not bad for a $9000 debt. It started somewhere around $12K. But that is VERY good advice to just cut up the card (although you'll need it to make the purchases). I'm going to try the paypal thing next month. I'll keep you posted.
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Guest: Daniel
Credit Expert (100+ Posts)
Posted: Sat Apr 22, 2006 9:25 pm

I have seen various flavors of this offer.
Done right this can be a sweet deal.
Here is a post discussing some of the strategies.

http://webgroups.biz/creditcardperks/phpBB2/viewtopic.php?t=6579&highlight=discover

If it's minimum is any purchase check out the automated postal machines

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