0% APR Credit Card Offer Deadline
Guest: wierdo
Post subject: 0% APR Credit Card Offer Deadline
Posted: Sat Sep 02, 2006 2:26 am
Bikshu, they did something like that to me a month ago, but on a late '07 offer rather than the early '08 offer I most recently took advantage of. Somehow their computer showed the 0% ending a month earlier than the offer I was sent and the terms shown in the mailing they sent with the card.
After faxing them the disclosures and the terms they sent me back a letter saying that the 0% ends in the later month.
They seem somewhat disorganized regarding the end dates of the 0% offers, so it would behoove anyone taking advantage of a Chase offer to not only check the terms sent to you with the card, but to also call and ask a CSR what the computer shows.
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 Sep 02, 2006 11:57 am
I've had special offers end before they were supposed to end and have had offers where the clear terms about actual end dates were put in as alternative wording (offer ends July 31 put in as offer ends before your billing cycle that includes July 31, e.g.).
I've learned my lesson. My advice: call AFTER you get the card or the offer appears in your statement and specifically ask when the offer ends according to the computer records. If there's a problem, you can get it corrected long before the ending date. And if not, you can make adjustments.
These offers often change dates each month and it's easy for the printed material to be left over or the wrong docs stuffed in an envelope. Save the documents that support YOUR position. But, again, the most important thing is to get the computer to agree with your position.
Finally, I had a case myself this month. I accepted a 2.9% BT from Bank of America ($75 fee), using a special check included with my statement. I got my next statement and saw there was no fee charged--but I was being charged 14.9% interest on the check amount. I got it straightened out with one call--the transaction was showing up on the statement with 2.9% and the only thing that had to be determined was the actual ending date. It only took a minute because the mistake was obvious to the person I spoke with--but I did have all the documentation in case I needed it. BTW, always note down the check number of the check you used--apparently this also identifies the offer you accepted.
_________________
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: garethcs
Posted: Wed Sep 06, 2006 12:27 am
I recently got this offer in the mail. I was wondering if I should apply for it. I'm building my credit and I just recently got my 3rd card. None of my CL's are close to 5 figures.
Would it be a good thing for me to get this card? I was planning on waiting till my average CL's were in the 5 figures range before playing the Balance Transfer game to earn interest in a savings account or some other investment.
The benefits of a World Mastercard seem interesting, plus the 0% on purchases might be nice, but I don't have the income at the moment to be racking up debt.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: crybaby
Posted: Wed Sep 06, 2006 1:34 am
I, too, received this offer. I am aggressively building my personal and business credit, but I am going to pass on this one.
I don't like the two-cycle average daily balance method of balance computation and I really can't enter into an agreement where they "reserve the rightto change account terms (including the APRs) at any time for any reason... For example, we may change the terms based on information in your credit report, such as number of other credit card accounts you have and their balances".
No thanks.
_________________
Reality only hurts when you accept it!
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: 0% APR Credit Card Offer Deadline
Posted: Sat Sep 02, 2006 2:26 am
Bikshu, they did something like that to me a month ago, but on a late '07 offer rather than the early '08 offer I most recently took advantage of. Somehow their computer showed the 0% ending a month earlier than the offer I was sent and the terms shown in the mailing they sent with the card.
After faxing them the disclosures and the terms they sent me back a letter saying that the 0% ends in the later month.
They seem somewhat disorganized regarding the end dates of the 0% offers, so it would behoove anyone taking advantage of a Chase offer to not only check the terms sent to you with the card, but to also call and ask a CSR what the computer shows.
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 Sep 02, 2006 11:57 am
I've had special offers end before they were supposed to end and have had offers where the clear terms about actual end dates were put in as alternative wording (offer ends July 31 put in as offer ends before your billing cycle that includes July 31, e.g.).
I've learned my lesson. My advice: call AFTER you get the card or the offer appears in your statement and specifically ask when the offer ends according to the computer records. If there's a problem, you can get it corrected long before the ending date. And if not, you can make adjustments.
These offers often change dates each month and it's easy for the printed material to be left over or the wrong docs stuffed in an envelope. Save the documents that support YOUR position. But, again, the most important thing is to get the computer to agree with your position.
Finally, I had a case myself this month. I accepted a 2.9% BT from Bank of America ($75 fee), using a special check included with my statement. I got my next statement and saw there was no fee charged--but I was being charged 14.9% interest on the check amount. I got it straightened out with one call--the transaction was showing up on the statement with 2.9% and the only thing that had to be determined was the actual ending date. It only took a minute because the mistake was obvious to the person I spoke with--but I did have all the documentation in case I needed it. BTW, always note down the check number of the check you used--apparently this also identifies the offer you accepted.
_________________
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: garethcs
Posted: Wed Sep 06, 2006 12:27 am
I recently got this offer in the mail. I was wondering if I should apply for it. I'm building my credit and I just recently got my 3rd card. None of my CL's are close to 5 figures.
Would it be a good thing for me to get this card? I was planning on waiting till my average CL's were in the 5 figures range before playing the Balance Transfer game to earn interest in a savings account or some other investment.
The benefits of a World Mastercard seem interesting, plus the 0% on purchases might be nice, but I don't have the income at the moment to be racking up debt.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: crybaby
Posted: Wed Sep 06, 2006 1:34 am
I, too, received this offer. I am aggressively building my personal and business credit, but I am going to pass on this one.
I don't like the two-cycle average daily balance method of balance computation and I really can't enter into an agreement where they "reserve the rightto change account terms (including the APRs) at any time for any reason... For example, we may change the terms based on information in your credit report, such as number of other credit card accounts you have and their balances".
No thanks.
_________________
Reality only hurts when you accept it!
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 1:44 PM
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