aggie04ci said:soonbaek, how did you go about requesting the increase in your limit??

The CS told me to request "full application" credit increase. The difference is that a person will evaluate the credit increase application and will take up to 24 hours. Just call back same number and request an increase. Good luck.

happybenjamin said:patsan said:I signed up for the card and am supposed to get a response in a few weeks. Can somebody explain to me why you have to pay interest on the 2 purchases you make?
The purchases have a higher interest rate. The payment you make will be applied to the lower APR balance (0% in this case) first, therefore the purchases will accrue interest.

That I understand, but is there any way to pay off the minimum for your 0 percent purchases and then the full amount of those two purchases?

albob said:Case1096 said:Two questions:

1. Could I process a Pay Pal transaction twice a month for a dollar and how would the fees run on that?



I have been paying myself twice a month with PayPal (using 2 separate PayPal accounts) for about 2 years now with no ill effects. BTW, I am only doing $0.10 transactions because you will pay interest on the PayPal transactions. After 2 years, I am paying interest on $4.80...if I had done $1 transactions, I would be paying 10X more interest.

As far as the PayPal side, the entire transaction gets eaten up in fees, but that's OK with me.

That's not exactly true. I have been doing the $1 X 2 per month and it has been about 9-10 months since my 0% ran out and I had to do the two $1 purchase thing. I am still on the 50 cents per month minimum finance charge. Eventually the finance charges will be more than the minimum 50 cents but right now both you and I are paying 50 cents per month finance charges because even though you are only charging 20 cents per month you are getting hit with the 50 cent minimum monthly finance charge.

1-800-767-8466

Invitation #FKVP - 5% cash back on "Get More" purchases in popular categories all year
Invitation #FKVQ - 5% cash back on the first $1500 in gas purchases (merchant codes 5541 and 5542)
Invitation #FKVR - 10,000 bonus miles after first purchase

All offers include 0% APR on transferred balances until April 2006 and 0% APR for life on transferred balances if you make two purchases a month after April 2006. All offers ends September 29.

clearanceman said:I have been doing the $1 X 2 per month and it has been about 9-10 months since my 0% ran out and I had to do the two $1 purchase thing. I am still on the 50 cents per month minimum finance charge. Eventually the finance charges will be more than the minimum 50 cents but right now both you and I are paying 50 cents per month finance charges because even though you are only charging 20 cents per month you are getting hit with the 50 cent minimum monthly finance charge.
I was also going to point this out - for a long time the $0.50 minimum fee/month is all you'll pay. There is a separate issue of whether or not the finance charges (not the purchases) can be paid off by your monthly payment, or whether everything you send in goes to reducing the 0% balance. Often CCs set the minimum payment as a percentage of your balance plus the finance charges (which typically means you pay the finance charges first). This was discussed here - BT interest accrues at non-BT rate? (Making for-life deal a trap?). There wasn't a strong consensus (ie it depends on your specific terms).

I've been doing the 2 X $1 purchases 0% FL deal on Discover for a while now, and having just looked over my past 4 months of statements, I can't really tell what's going on. Sometimes my purchase balances only goes up by $1.80, when my purchases were $2.20. There's the added problem of them reporting the Average Daily Balance of your purchases, making it really hard to figure out what's going on unless you keep track of exactly when all the purchases happen, etc.

Personally, I'm just going to keep doing this until my finance charge for a month is bigger than my bank's interest on the 0% FL balance. Then I'm writing them a big check. I figure it should last about 2-3 years in total.

I'm trying to decide what to do with my current Discover card offer. I have the 0% for life offer which I started about 8 months ago. The original offer was 1 purchase necessary, $1 minimum. Well, I made my $1 purchase, but it took about 3 days to post, so it missed the cut off date for my billing cycle. I called customer service to complain, but they wouldn't let me keep the original offer, so the retentions dept. put me back on a 0%, but starting in November, I have to make 2 $25 minimum purchases a month. Well, that offer sucks, so I'm trying to figure out what to do with my balance. I have about $7300 on the card, which I'm not going to be able to make much more than the minimum payment on for the foreseeable future. What are the odds if I moved that money to another card, I would be able to get the current offer of 2 purchases with $1 minimum monthly if I transferred it back? Or should I just put it on a Citi card with 3.99% for life with no bt fees?

Economist said:Can we get all three offers applied to the account. Further, I have a regular discover platinum. What airline would I get bonus miles on (and would it be applicable). Would the original offer be available?

Or do I have to apply for the new discover card to get this offer?

EugeneV said:1-800-767-8466

Invitation #FKVP - 5% cash back on "Get More" purchases in popular categories all year
Invitation #FKVQ - 5% cash back on the first $1500 in gas purchases (merchant codes 5541 and 5542)
Invitation #FKVR - 10,000 bonus miles after first purchase

All offers include 0% APR on transferred balances until April 2006 and 0% APR for life on transferred balances if you make two purchases a month after April 2006. All offers ends September 29.

I'm pretty sure you cannot apply these offers to an existing account. Moreover, they are for different cards - second is for Discover Gas card and third for Discover Miles. The miles are pseudomiles and do not convert into airline miles directly. You can redeem them through Discover's own travel agent. Since you probably need at least 25000 miles, the bonus 10K won't get you far. However, you can get the bonus, use the miles for some gift cards from their catalog if they offer any, use the 0% BT offer and convert the card into some other type later.

You should be able to get 5% in different "Get More" categories using your regular Discover Platinum, but you will not get the 0% BT offered on new accounts unless you get this from Retentions.

Can you make 2 consecutive transactions at one gas pump? So that you don't have to think about satisfying monthly transactions twice?

fresher said:FYI, I make my minimum monthly purchase ($1)at gas stations and it always posts the same or next day!

Collven said:I'm trying to decide what to do with my current Discover card offer. I have the 0% for life offer which I started about 8 months ago. The original offer was 1 purchase necessary, $1 minimum. Well, I made my $1 purchase, but it took about 3 days to post, so it missed the cut off date for my billing cycle. I called customer service to complain, but they wouldn't let me keep the original offer, so the retentions dept. put me back on a 0%, but starting in November, I have to make 2 $25 minimum purchases a month. Well, that offer sucks, so I'm trying to figure out what to do with my balance. I have about $7300 on the card, which I'm not going to be able to make much more than the minimum payment on for the foreseeable future. What are the odds if I moved that money to another card, I would be able to get the current offer of 2 purchases with $1 minimum monthly if I transferred it back? Or should I just put it on a Citi card with 3.99% for life with no bt fees?

Well, I got my reminder in the mail today reminding me about the necessary purchase. I was wrong, it's only 1 $25 purchase a month. I still think I want to try to roll this into a different deal. I figure if I transfer the balance to the card with the 3.99% offer, I would be paying about $25 in interest a month to start with. Has anyone had any luck getting the current offer with Discover on an existing card?

didYOUsearch said:a better question would be....can we apply for ALL THREE CARDS and get THREE CARDS at 0% for life? Anyone tried?

It'll take about two months for me to pay off my existing BTs and these offers will expire by that time. Even if you are approved, they will not give you a huge CL on each...

I actually find little value in the "for life" deals for most FWers. You need to pay off all your balances once or twice a year anyway to apply for new cards