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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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0% Card Offers?
So I'm getting inundated with 0% until 2008 credit card offers. I usually get a couple a day, but to be honest, I toss them because I already have all the cards I need. I'm wondering if they are *really* 0%? I know that they are initially, but if you slip up on any of your other cards or accounts, going a day over the due date, they can nail you for 30% or whatever the going max rate is, without even telling you. Just wondering how many of you have the 0% cards and if they stay that way or change unexpectedly.
I went ahead and went for the Chase offer a couple weeks ago and received my card a couple days ago. Wondering what to expect... funny, though, that as soon as I received the Chase card, those (&(&(&(^&*^%*&s started calling me 5 times a day to offer me more crap. I asked to speak to a supervisor and insisted they remove my name from their lists.... so far, so good. |
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Registered
Join Date: Aug 2003
Location: SF Bay Area
Posts: 7,956
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I have a Chase 0% and, yes, it stays that way until the end of said term then I usually roll the balance over to another 0% until it's paid off. Free money!
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Registered
Join Date: Aug 2003
Location: SF Bay Area
Posts: 7,956
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Yup, you'll be on "the list" from now on but the good part is that you'll keep gtg 0% offers! Having great credit deserves a pat on the back.
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Registered
Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
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Quote:
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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The downside to 0% credit emerges when you run out of crap to buy. Then you're like "WTH do I do now?" Should I buy some spoons?
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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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I guess the problem with these cards is that they encourage you to keep a balance going. I'd like to think of them as good emergency sources.
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'95 993 C4 Cabriolet Bunch of motorcycles |
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My old man always shakes his head at those 0% APR commercials because he can't understand why anyone would ever carry a balance. Yes, he lives in an alternate universe. Currently, I have Citi MC's, one which pays 5% back on grocery store and gas station purchases and one that pays 3% on restaurant purchases. I just applied for a Chase card because it gives 20k miles on Continental and that puts me into free ticket to Asia territory. But I couldn't care less about APR's, since I never carry a balance.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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cash back is very, very good
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Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,382
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Spoons, lol. Not in this universe, Jurgen.
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'95 993 C4 Cabriolet Bunch of motorcycles |
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Double Trouble
Join Date: Nov 2002
Location: North of Pittsburgh
Posts: 11,705
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I used to be addicted to the hokey pokey..........but I turned myself around.. 75 914 1.8 2010 Cayenne base |
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The Unsettler
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0% Capitol One. It is what it is.
Never carried a balance till my corp went chp 7 on me. When you are used to living on a 6 figure income the $450 a week from unemployment just don't cut it. Ran up the Citicard till I got my footing back, kept my cash in my pocket earning interest, moved the balance to a Cap One 0% interest and now get to pay off the float over time for free and keep the earned interest. As long as you know the rules you can beat the game. Yeah baby! Scott
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,943
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Motion, you mentioned throwing the offers away? Hope you guys are all shreading all of these offers so that some scammer does not get a credit card in your name!
Everything with my address on it goes through the shredder. As well every year or so I check my credit report just in case. BE CAREFUL!
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2013 Jag XF, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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Registered
Join Date: Dec 2004
Location: san jose
Posts: 4,982
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I just noticed that Shell is offering a card through Citi that gives 5% back on gas and 1% back on everything else. Any better cash back offers out there?
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steve old rocket inguneer |
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Registered
Join Date: Aug 2003
Location: SF Bay Area
Posts: 7,956
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I use my Costco Amex for the rebates and I never carry a balance even though everything but big ticket items go on it and I mean everything. I pay my phone bills, utility bills, gasoline, groceries, etc with my AMEX so I get a hefty rebate every year. Big ticket items go on the 0% and I usually pay them off before the free financing period expires. If I don't, I'll just put it on another 0%.
I love it when I can buy big ticket items at department stores on their 90 days same as cash deals. These credit card companies are giving us, sometimes, 18 months same as cash! Free financing for a year-and-a-half. That's having your cake and eating it too! |
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Registered
Join Date: Dec 2004
Location: san jose
Posts: 4,982
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Anyone know of a 0% with no fee for balance transfers??
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steve old rocket inguneer |
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Registered
Join Date: Aug 2003
Location: SF Bay Area
Posts: 7,956
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Steve,
AAA just sent us another 0% card offer for 15 months with no fee for balance transfers. The card is through Chase. |
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Registered
Join Date: Nov 2003
Location: South West Florida
Posts: 2,508
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These were great back when you could buy savings bonds with a credit card. I would buy savings bonds with a card with 1% cash back, then transfer the balance to a 0% card.
You did have to watch the dates that the deal ended. I would generally just keep transfering at the end of the term. Free money for very little work. I keep getting the checks from the credit card companys that have very low interest. Maybe I should look into buying some cd's and then transfering these balances to a 0% card. You do have to make sure there are no balance transfer fees.
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2000 Boxster S (gone) 1972 911s Targa (sold) 1971 911t coupe roller (sold) 1973 911t coupe / 3.2 (sold) Gruppe B #057 |
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Registered
Join Date: Dec 2002
Location: Worcester County, MA
Posts: 853
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Quote:
Only downside is, not everywhere takes AMEX! |
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Registered
Join Date: Nov 2006
Location: Pittsburgh Pa
Posts: 272
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I used to get them all the time. I guess they got tired of me using there money. Now I just call and they lower my interest rate. 3.9% is what I pay now. Just call and keeping saying you want better. You will be put on hold but it is worth it.
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2011 Wrangler Unlimited X |
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Registered
Join Date: Aug 2002
Location: MD
Posts: 5,733
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I do it all the time. Just make sure there are no fees, 3% is coomon. I deposit the $$ into ING and payoff the card at the end, nice ~4% for doing nothing.
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