Pay Off Credit Card Balance Before 0% APR Expires
Guest: Brammy
Posted: Sun Jun 11, 2006 10:14 am
Post subject: Pay Off Credit Card Balance Before 0% APR Expires
I plan on paying it off before the BT intro rate expires (I hope). I can't use the card for anything else since purchases don't get that same 0 % and payments will be applied to the 0% first. Don't want to use it for purchases until either the BT offer expires or I pay off the current BTs.
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Guest: EasyRhino
Posted: Sun Jun 11, 2006 6:29 pm
Brammy, if you still have your CC agreement, you could check on what the universal default clause is. Ratejacking because of high utilization would seem strange (but they might lower your credit limit)
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Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Sun Jun 11, 2006 7:03 pm
[quote="EasyRhino"]Brammy, if you still have your CC agreement, you could check on what the universal default clause is. Ratejacking because of high utilization would seem strange (but they might lower your credit limit)[/quote]
Universal default clauses, when included, will allow(in theory) the CCC to ratejack for ANYTHING.
That ebing said, if you have good credit and abide by all rulesand keep your overall credit good then it is unlikely they will reatejack for high utilization. CCC's have to be careful in their use of the universal default or they may end up with congress invilved and they dont want that.
_________________
Avg FICO 738
2 reports full of perfection
1 report with 1 derog.
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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Jun 11, 2006 11:31 pm
I don't live my day to day life FEARING FICO and what FICO thinks
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sun Jun 11, 2006 10:14 am
Post subject: Pay Off Credit Card Balance Before 0% APR Expires
I plan on paying it off before the BT intro rate expires (I hope). I can't use the card for anything else since purchases don't get that same 0 % and payments will be applied to the 0% first. Don't want to use it for purchases until either the BT offer expires or I pay off the current BTs.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: EasyRhino
Posted: Sun Jun 11, 2006 6:29 pm
Brammy, if you still have your CC agreement, you could check on what the universal default clause is. Ratejacking because of high utilization would seem strange (but they might lower your credit limit)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Sun Jun 11, 2006 7:03 pm
[quote="EasyRhino"]Brammy, if you still have your CC agreement, you could check on what the universal default clause is. Ratejacking because of high utilization would seem strange (but they might lower your credit limit)[/quote]
Universal default clauses, when included, will allow(in theory) the CCC to ratejack for ANYTHING.
That ebing said, if you have good credit and abide by all rulesand keep your overall credit good then it is unlikely they will reatejack for high utilization. CCC's have to be careful in their use of the universal default or they may end up with congress invilved and they dont want that.
_________________
Avg FICO 738
2 reports full of perfection
1 report with 1 derog.
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 Jun 11, 2006 11:31 pm
I don't live my day to day life FEARING FICO and what FICO thinks
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 2:42 PM
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