Chase Credit Card Offer with 12 Months 0% APR
Guest: JaneiR36
Credit Expert (100+ Posts)
Post subject: Chase Credit Card Offer with 12 Months 0% APR
Posted: Sun Aug 13, 2006 3:06 pm
Citi is really good about sending true no-fee 0% APR checks if you qualify for one of their accounts. You can then write a check up to your full credit limit to yourself. Chase gave me checks on my 0% APR for 12 months new account, but they had fees attached and the CSR I spoke to would not waive it.
Alternatively, accounts like Capital One, for instance, frequently come with no-fee purchase checks (like mouse said, ALWAYS read the fine print!), and you can write a check to yourself and it would be treated like a regular purchase with a grace period. You can then use the new account to pay off the balance with a balance 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: Snuffy
Posted: Sun Aug 13, 2006 10:23 pm
Thanks for the help everyone.
I have never played the credit card game. I have only used them for purchases and always pay them off each month.
I checked out Fat Wallet. Haven't been there for awhile and had no idea they have a Finance section. Right now I am doing a lot of reading there.
Here are a few interesting threads I have found so far:
New Balance Transfer apporama CC scheme (BT)
fatwallet.com/t/52/636830/
App-o-rama-2nd wind..$145K+ in new credit and counting. Bonuses Received and BT deals Updates
fatwallet.com/t/52/624468/
Creative ideas on doing 0% BT with CCs that don't do transfer to checking...
fatwallet.com/t/52/522179/
Which credit cards issue checks for large overpayments (BT) without hassle?
fatwallet.com/forums/arcmessageview.php?catid=52&threadid=385866
I am putting together the cards and limits I have right now so I know what I have to work with:
Business Cards:
CitiBusiness - $14500
Capital One - $2600
Personal Cards:
Chase Bank Sony Card - <-- was CitiCard
Visa Check Card through my credit union <-- bank account where I want the money to go
Older personal cards I don’t use anymore, but probably could if needed:
Bank of America Platinum Reserve - $2500
Bank of America Power Rewards - $3100 <-- was Fleet – Never activated new card
I have never tried to get a limit increase on any card. For the CitiBusiness card I believe they did that on their own. I am making more money then I used to and my credit history is totally clean.
I used to get the checks for the Capital One business card, but threw them away thinking I would never use them. I never did look at the terms.
I currently have $2046 on my CitiBusiness card and I am going to buy plane tickets soon that will likely be over $1000. I suppose one way of getting some of the money legitimately is if I have a 0% BT card in time to do it, then I just use the money from my bank account that I would have used to pay it. Of course that just limits the money I can get to what I spend. I could use it in combination with another method if needed.
To do what I said above I would need a card soon with the 0% APR offer. Is there one that is really good now? JaneiR36 mentioned Citi is good about checks. I am assuming you are excluding CitiBusiness(see below)?
How long does the process typically take to get a card once the application is submitted?
Another question; should I only use half the credit on a card so it doesn’t look bad on my history?
While logging onto the sites to see my limits I found a few things.
CitiBusiness
citibank.com/us/cards/cardserv/citibiz/services.jsp
Quote:
Check-writing Option
When you do business with someone who does not accept credit cards, you still can access your CitiBusiness Card account—with CitiBusiness Checks. They work just like checks and are accepted anywhere your personal checks are accepted. To request your complimentary checks, call Small Business Customer Service at 1-800-750-7453.
Subject to availability and limited to unused portion of your existing credit line. CitiBusiness Checks are treated as Cash Advances, are subject to the Cash Advance Transaction fee and will be assessed a finance charge from the date of the transaction until paid in full.
The cash advance rates/fees are not shown on the site.
Capital One fees from the site:
Quote:
Overlimit Fee $29.00
Returned Check Fee $29.00
Past Due Fee Balances less than $1,000.00 $29.00
Balances $1,000.00 and above $35.00
Cash Advance Fee $5.00
Cash Advance Percent 3.0%
Minimum Payment Amount $10.00
Minimum Payment Percent 3.0%
Cash Advance Fee/Cash Advance Percent: A service charge for each cash advance made through an ATM, bank teller, or credit card check. It is either the fee amount or the percent of your cash advance listed above, whichever is greater.
Bank of America
Quote:
Convenience checks can be used at locations that do not accept a credit card. You write convenience checks just as you would write a check. The amount will post to your credit card account.
Convenience checks are treated as a cash advance, and any cash advance fees or rates will apply.
When I logged of the BofA site it said this for my Power Rewards card
Quote:
For your Bank of America Credit Card account ending in XXXX, you can transfer balances from other cards and loans with high interest rates to start saving today.
Limited-time offer features:
* 0% fixed APR through your June 2007 billing cycle, then your standard contract variable Purchase Rate currently 30.74% APR until the balances are paid in full1
* Save with a great low rate to eliminate other high-rate balances
* Act now to take advantage of this special offer
Please note that you will lose this promotional rate if you exceed your credit limit (except for Signature cards), close your account or are late with a payment. All payments you make will be applied to the lowest APR balances first. Remember – this is a special, limited time offer and does not apply to regular purchases or cash advance transactions. There is a 4% fee (minimum $10; maximum $90) for each balance transfer amount. This fee will post to your account as a cash advance fee and receive a cash advance rate.
That last sentence is really bad.
I am going to do some more reading.
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: Mon Aug 14, 2006 8:36 am
Quote:
This fee will post to your account as a cash advance fee and receive a cash advance rate
Wow! New one of me. Things are definitely not what they used to be.
_________________
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!
Guest: wierdo
Posted: Mon Aug 14, 2006 8:36 am
Those are the terms which will be applied unless the checks say something else on them.
The Cardmember Agreement for one of my Chase accounts says:
Quote:
We may provide you cash advance checks or balance transfer checks as a way to use your account. We also refer to them in the agreement as a check or checks. You may use a check to pay for goods or services, to transfer balances to your account, or for other uses we allow. But you may not use these checks to transfer balances to this account from other accounts with us or any of our related companies...Cash advance checks are treated as cash advances and balance transfer checks are treated as balance transfers except as noted in this agreement or any offer we make to you. We may treat checks we call convenience checks as balance transfer checks. However, checks that we call convenience checks and that we indicated to you are subject to the terms for cash advances, may be treated as cash advances and assessed cash advance rates and fees.
IOW, balance transfer checks are balance transfers unless they say otherwise. :p
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: Chase Credit Card Offer with 12 Months 0% APR
Posted: Sun Aug 13, 2006 3:06 pm
Citi is really good about sending true no-fee 0% APR checks if you qualify for one of their accounts. You can then write a check up to your full credit limit to yourself. Chase gave me checks on my 0% APR for 12 months new account, but they had fees attached and the CSR I spoke to would not waive it.
Alternatively, accounts like Capital One, for instance, frequently come with no-fee purchase checks (like mouse said, ALWAYS read the fine print!), and you can write a check to yourself and it would be treated like a regular purchase with a grace period. You can then use the new account to pay off the balance with a balance 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: Snuffy
Posted: Sun Aug 13, 2006 10:23 pm
Thanks for the help everyone.
I have never played the credit card game. I have only used them for purchases and always pay them off each month.
I checked out Fat Wallet. Haven't been there for awhile and had no idea they have a Finance section. Right now I am doing a lot of reading there.
Here are a few interesting threads I have found so far:
New Balance Transfer apporama CC scheme (BT)
fatwallet.com/t/52/636830/
App-o-rama-2nd wind..$145K+ in new credit and counting. Bonuses Received and BT deals Updates
fatwallet.com/t/52/624468/
Creative ideas on doing 0% BT with CCs that don't do transfer to checking...
fatwallet.com/t/52/522179/
Which credit cards issue checks for large overpayments (BT) without hassle?
fatwallet.com/forums/arcmessageview.php?catid=52&threadid=385866
I am putting together the cards and limits I have right now so I know what I have to work with:
Business Cards:
CitiBusiness - $14500
Capital One - $2600
Personal Cards:
Chase Bank Sony Card - <-- was CitiCard
Visa Check Card through my credit union <-- bank account where I want the money to go
Older personal cards I don’t use anymore, but probably could if needed:
Bank of America Platinum Reserve - $2500
Bank of America Power Rewards - $3100 <-- was Fleet – Never activated new card
I have never tried to get a limit increase on any card. For the CitiBusiness card I believe they did that on their own. I am making more money then I used to and my credit history is totally clean.
I used to get the checks for the Capital One business card, but threw them away thinking I would never use them. I never did look at the terms.
I currently have $2046 on my CitiBusiness card and I am going to buy plane tickets soon that will likely be over $1000. I suppose one way of getting some of the money legitimately is if I have a 0% BT card in time to do it, then I just use the money from my bank account that I would have used to pay it. Of course that just limits the money I can get to what I spend. I could use it in combination with another method if needed.
To do what I said above I would need a card soon with the 0% APR offer. Is there one that is really good now? JaneiR36 mentioned Citi is good about checks. I am assuming you are excluding CitiBusiness(see below)?
How long does the process typically take to get a card once the application is submitted?
Another question; should I only use half the credit on a card so it doesn’t look bad on my history?
While logging onto the sites to see my limits I found a few things.
CitiBusiness
citibank.com/us/cards/cardserv/citibiz/services.jsp
Quote:
Check-writing Option
When you do business with someone who does not accept credit cards, you still can access your CitiBusiness Card account—with CitiBusiness Checks. They work just like checks and are accepted anywhere your personal checks are accepted. To request your complimentary checks, call Small Business Customer Service at 1-800-750-7453.
Subject to availability and limited to unused portion of your existing credit line. CitiBusiness Checks are treated as Cash Advances, are subject to the Cash Advance Transaction fee and will be assessed a finance charge from the date of the transaction until paid in full.
The cash advance rates/fees are not shown on the site.
Capital One fees from the site:
Quote:
Overlimit Fee $29.00
Returned Check Fee $29.00
Past Due Fee Balances less than $1,000.00 $29.00
Balances $1,000.00 and above $35.00
Cash Advance Fee $5.00
Cash Advance Percent 3.0%
Minimum Payment Amount $10.00
Minimum Payment Percent 3.0%
Cash Advance Fee/Cash Advance Percent: A service charge for each cash advance made through an ATM, bank teller, or credit card check. It is either the fee amount or the percent of your cash advance listed above, whichever is greater.
Bank of America
Quote:
Convenience checks can be used at locations that do not accept a credit card. You write convenience checks just as you would write a check. The amount will post to your credit card account.
Convenience checks are treated as a cash advance, and any cash advance fees or rates will apply.
When I logged of the BofA site it said this for my Power Rewards card
Quote:
For your Bank of America Credit Card account ending in XXXX, you can transfer balances from other cards and loans with high interest rates to start saving today.
Limited-time offer features:
* 0% fixed APR through your June 2007 billing cycle, then your standard contract variable Purchase Rate currently 30.74% APR until the balances are paid in full1
* Save with a great low rate to eliminate other high-rate balances
* Act now to take advantage of this special offer
Please note that you will lose this promotional rate if you exceed your credit limit (except for Signature cards), close your account or are late with a payment. All payments you make will be applied to the lowest APR balances first. Remember – this is a special, limited time offer and does not apply to regular purchases or cash advance transactions. There is a 4% fee (minimum $10; maximum $90) for each balance transfer amount. This fee will post to your account as a cash advance fee and receive a cash advance rate.
That last sentence is really bad.
I am going to do some more reading.
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: Mon Aug 14, 2006 8:36 am
Quote:
This fee will post to your account as a cash advance fee and receive a cash advance rate
Wow! New one of me. Things are definitely not what they used to be.
_________________
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!
Guest: wierdo
Posted: Mon Aug 14, 2006 8:36 am
Those are the terms which will be applied unless the checks say something else on them.
The Cardmember Agreement for one of my Chase accounts says:
Quote:
We may provide you cash advance checks or balance transfer checks as a way to use your account. We also refer to them in the agreement as a check or checks. You may use a check to pay for goods or services, to transfer balances to your account, or for other uses we allow. But you may not use these checks to transfer balances to this account from other accounts with us or any of our related companies...Cash advance checks are treated as cash advances and balance transfer checks are treated as balance transfers except as noted in this agreement or any offer we make to you. We may treat checks we call convenience checks as balance transfer checks. However, checks that we call convenience checks and that we indicated to you are subject to the terms for cash advances, may be treated as cash advances and assessed cash advance rates and fees.
IOW, balance transfer checks are balance transfers unless they say otherwise. :p
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 3:26 PM
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