Received this offer today:

- 0% Fixed APR on Purchases until August 1, 2008 when you transfer at least $100 now.
- Promotional BT APR 9.99% or Prime + 1.74% whichever is greater
- Grace period at least 25 days
- Annual fee $0
- Minimum finance charge $1
- BT fee $0 with this offer if done within first 90 days of account openings.
- also receive free FICO credit score

To Apply:

www.wamucreditcard.com
1-800-206-2277

*may be targeted. Try Reservation (removed - try your own!)


Pros
- nearly 19 months of 0% fixed on purchases
- no BT fee
- low minimum required to BT in order to receive favorable terms

Cons
- the BT rate is not fixed. However, assuming you transfer the minimum of $100, you would remain at the minimum finance charge of $1 monthly for 18 months = $18, for the privileges of having 0% money investable at 5% for 18 months. Assuming a median duration of investment of 9 months, you're looking at 3.75% - taxes as a rough approximation for your return. This will beat almost any credit card out there.

Thoughts?

NICE.

the last nice one i got was capital one with NO interest on BT's or purchases for 1 year. no fees and money back on purchases..

I could use another one of those since my time is running out for the 1 YEAR on the capital one. I have to do a balance transfer from this card to the next

Make the BT, wait until it posts, then start making purchases.

YourSofaKingdom is right, your name comes up. Change that asap.

even better: I BT'd $100 (the minimum) from a Macy's store card that I thought had a balance. Unbeknownst to me, Mrs. Psychtobe had paid it off. The BT amount was $0. yet my WAMU account shows that I did make a BT, and I have access to the 0% APR. Totally unintended... but worked out well, nonetheless. BTW, they approved for $30,000, hardly what I'd call a fairly low limit.

If only i can find this offer anywhere.

Since the 0% APR is only for purchases, how do you get the money out? Do I have to buy a car, or I can transfer the money to Paypal or something like that?

The deadline on my offer from WaMu is Feb 21. I'm calling tmo.

I have this deal, applied for the card... read the terms... HOWEVER...

0% is only on Purchases... Not BT's.

The BT offer is for No Fee, but the BT rate is 9.99%, or Prime + 1.74%.

So how is this beating any other card out there other than on the Purchase Rate?

The best bet for this card is to do a minimum BT of $100 in order to get the promo rate op 0% until 2008, pay off this is full as soon as it posts, then use it for purchases.

If anyone has any other feasable ideas, feel free to voice/type em..

TriniMon said:I have this deal, applied for the card... read the terms... HOWEVER...

0% is only on Purchases... Not BT's.

The BT offer is for No Fee, but the BT rate is 9.99%, or Prime + 1.74%.

So how is this beating any other card out there other than on the Purchase Rate?

The best bet for this card is to do a minimum BT of $100 in order to get the promo rate op 0% until 2008, pay off this is full as soon as it posts, then use it for purchases.

If anyone has any other feasable ideas, feel free to voice/type em..

Find another deal that is offering 0% on purchases until Sep 08, I'd like to see it !

TriniMon said:I have this deal, applied for the card... read the terms... HOWEVER...

0% is only on Purchases... Not BT's.

The BT offer is for No Fee, but the BT rate is 9.99%, or Prime + 1.74%.

So how is this beating any other card out there other than on the Purchase Rate?

The best bet for this card is to do a minimum BT of $100 in order to get the promo rate op 0% until 2008, pay off this is full as soon as it posts, then use it for purchases.

If anyone has any other feasable ideas, feel free to voice/type em..

Got the same offer, but trashed it being put off by the 9.99% APR on the BT (I think OP needs to be updated to make it explicit). As (almost) always -- someone on FWF had a better strategy. Time for some dumpster diving -- sometimes I'm glad I don't have a shredder .