For Those of You Who Are Interested:

Phone Number for Chase: 1-(888)-MYCHASE
Phone Number for Discover: 1-800-DISCOVER

I'll be calling them later today.

cirrus said:

<< No dealer is gonna let you buy a decent car by charging it on a credit card... >>

Dealer let me charge $5000 on my Discover card, saying that was the highest allowed by the dealership. I now know the truth that the dealer can allow whatever they want, but they dont like doing it of course.

Dealerships will normally limit it to $2,500 or $5,000. The way to do the BT is to finance for whatever, and use Chase and Discover to balance transfer to the LOAN, not to the dealership. Both Chase and Discover will treat a BT to any non-individual entity with an account number. So you get nailed for about a month on finance charges for the car, but then it's free for life.

When I opened Discover a few days ago, I was told the minimum charge was $1.00. So even with the $0.50 minimum finance fee X 12 months, $6.00 per year in Discover fianance charges is better than nearly any rate on anything else if you transfer enough. Such as the balance on my car note, another credit card, etc.

Chase will also BT to you and treat it as a purchase versus a cash advance. I did so for $10,000 free for 9 1/2 months. Put it in Ford MM, which gave me $25 to open, and pays about 1 point higher than ING. Paid Chase 9 months at the minimum payment, and just paid balance off last month.

Thanks for the free money.

my boyfriend and I both recieved the 0% BT for life offer yesterday. My credit is great, his is not. I might try it.

turbo,

they sent it in the mail. both offers looked exactly the same.

IT doesn't seem vert targeted if you ask me bc we could not be more different credit speaking.

I called up Chase, and the person was annoying. They kept trying to make their 0% for 6 months card sound like a 0% for life balance transfer. I'd ask, "Is that 0% for life, or just a period of time. I'm calling about your 0% for balance transfer for the life of the balance". The person would respond, "This card gives you yada yada for 6 months".

I then called up discover. The lady took the application over the phone, and everything went perfectly. She told me if I was not approved for the platnum card, I would get the classic. When asking if the classic card had the same 0% deal for life of the balance, she said yes. Therefore it should be pretty easy for anyone to get this deal from discover.

If anyone has gotten the Chase deal with out officially being "invited", I'd love to hear how you did it. Are people only getting this to work uninvited via discover? Thanks.

The purchases would immediately begin accruing interest. Make sure to take into account the minimum finance charge, usually .50 or $1.

If you borrow 10k at 0% and $100 at 15% your effective interest rate is .0014%. Paying interest is not necessarily a bad thing.

There is no way to avoid carrying a balance when carrying a balance.

In coming years, Discover could change the terms of these deals with those one page disclosure docs that sometimes come with a billing statement ? I dont think they would cuz it would definitely generate negative articles and exposes etc etc.

Just called Discover - have a platinum card with them. They told me they can offer me 9.9% until feb '04! YEAH!!! Then the girl offered to lower it to 7.9. What a deal! I transferred $100k to my checking account immediately. Now, where can I earn more than 7.9% to make up the difference???

Called Discover .
the first rate offered was 2.9%
i said no , then a one time offer for 1.9% till feb

said no again.

No 0% 4 me