Hello everyone! There's some really nice CC related information on this forum and I am very happy and grateful for it. I've been really trying to understand CCS in the past month, and received my first two 0% cards about a year ago through a mail offer.
My first, very simple question: I have a new credit card now with a 0% rate for the "first twelve billing cycles," but I haven't activated it yet. Does the intro period start from the date that I activate the card or has it already started from account "opening" when they approved me? Or are these terms the same? - because another card (MTVu) says that its promo period starts from the account opening date. If the intro period does indeed start on the activation date then I'll save this card for later.
Also, do you guys get good results when searching this forum? I don't so I was wondering if you have any tips for searching through topics?
Finally, in the thread about non-hard-pull CLIs - there's a quote: summitsix said: BofA: A no-brainer. Offer up a BT and you'll grow CL's very rapidly. I called BofA and the guy I talked to said that he must sumbit a CLI request before I can BT anything higher than my limit. My question is, how do you "offer" a BT and get them to raise the CL at the same time?
StallionKing said: Hello everyone! There's some really nice CC related information on this forum and I am very happy and grateful for it. I've been really trying to understand CCS in the past month, and received my first two 0% cards about a year ago through a mail offer.
My first, very simple question: I have a new credit card now with a 0% rate for the "first twelve billing cycles," but I haven't activated it yet. Does the intro period start from the date that I activate the card or has it already started from account "opening" when they approved me? Or are these terms the same? - because another card (MTVu) says that its promo period starts from the account opening date. If the intro period does indeed start on the activation date then I'll save this card for later.
Also, do you guys get good results when searching this forum? I don't so I was wondering if you have any tips for searching through topics?
Finally, in the thread about non-hard-pull CLIs - there's a quote: summitsix said: BofA: A no-brainer. Offer up a BT and you'll grow CL's very rapidly. I called BofA and the guy I talked to said that he must sumbit a CLI request before I can BT anything higher than my limit. My question is, how do you "offer" a BT and get them to raise the CL at the same time?
Hehe, and I used to prefer DealCatcher forums
Just take adavantage of it ASAP and call to ask when you have to pay off the offer to not incure any finance charges.
StallionKing said: My first, very simple question: I have a new credit card now with a 0% rate for the "first twelve billing cycles," but I haven't activated it yet. Does the intro period start from the date that I activate the card or has it already started from account "opening" when they approved me? What part of "first twelve billing cycles" mentions opening the account or activating the card? The day you applied, the day you were approved, the day you got the card, or any other day DOESNT MATTER. The promo ends on the date your 12th statement closes.
The best way to search is to reduce your question to the most basic key word (in your case "promo" - 3 of the top 11 results include helpful info) and then just read, read, read. Then read some more. It may take a bit to find the answer you are looking for, but you will learn 25 other things - alot of them things you'd never think to ask - in the process. The search function (and this forum) is most beneficial to people wanting to learn in general, not people looking for specific help. If you have a question and want an answer, use the Questions Thread.
Rorer714
Senior Member
posted: Mar. 6, 2008 @ 6:25a
StallionKing said: My first, very simple question: I have a new credit card now with a 0% rate for the "first twelve billing cycles," but I haven't activated it yet. Does the intro period start from the date that I activate the card or has it already started from account "opening" when they approved me? Or are these terms the same? - because another card (MTVu) says that its promo period starts from the account opening date. If the intro period does indeed start on the activation date then I'll save this card for later. There is no correct answer. It can mean the closing date of the twelfth statement, the due date for the twelfth statement, the due date for the eleventh statement or some other date. You need to check with each issuer to find out the date. Best by email so you have a hard copy.
tazzy531
Senior Member - 4K
posted: Mar. 6, 2008 @ 9:41a
Just a note: activation date means nothing. For almost all of my BT cards, they sit in my drawer unactivated.
StallionKing
New Member
posted: Mar. 6, 2008 @ 10:33a
Thanks guys for your replies - I like how active this forum is. From the responses, it seems like activation has nothing to do with when the promo period expires. Nevertheless, I'm not yet sure.
Glitch99 said: What part of "first twelve billing cycles" mentions opening the account or activating the card? The day you applied, the day you were approved, the day you got the card, or any other day DOESNT MATTER. The promo ends on the date your 12th statement closes.tazzy531 said: Just a note: activation date means nothing. You say these dates mean nothing, but when does your first billing cycle actually begin? If you know this then it seems like you'd also know when the last statement closes.
So what I'm really trying to find out is if delaying activation will delay the start of the first billing cycle?
tazzy531
Senior Member - 4K
posted: Mar. 6, 2008 @ 10:59a
StallionKing said: tazzy531 said: Just a note: activation date means nothing. You say these dates mean nothing, but when does your first billing cycle actually begin? If you know this then it seems like you'd also know when the last statement closes.
So what I'm really trying to find out is if delaying activation will delay the start of the first billing cycle?
As I said, your activation date doesn't matter. In fact, if you already got the card, you're already in the first month of your billing cycle. At this point, you won't be able to delay it.
These questions are best answered by the CSR rather than an anonymous forum.
RudolfSchmidt
Cranky Member
posted: Mar. 6, 2008 @ 5:36p
Rather than trying to figure out the answer yourself, get it in writing as (often as possible) from the issuer. Twice, now, I've been surprised by introductory periods that ended sooner than I had expected (most recently, one month sooner!). Granted, I'm not all that smart, especially when dealing with numbers, but I suspect issuers try to trip us up in order to earn some interest despite our best efforts.
StallionKing
New Member
posted: Mar. 6, 2008 @ 8:16p
Thanks, glad to have this cleared up. So the billing cycle starts no matter what once you're approved, and I guess changing the due date is the most we can do to affect that.
tazzy531 said: As I said, your activation date doesn't matter. In fact, if you already got the card, you're already in the first month of your billing cycle. At this point, you won't be able to delay it.
These questions are best answered by the CSR rather than an anonymous forum. So how much can we really trust these CSRs? When I activated the MTVu card the CSR told me that that was the day my promo period started. Thus, according to him it will end 6 months from the date of activation. Now from what we've gone over here, he must have been wrong. I see that getting it in writing is probably the best way, or at least their rep #, as Grantspy pointed out.
So [next subject] I'm still wondering if I should talk to a different BofA CSR to get a CLI by offering a BT, or if there's a certain way to ask for this. StallionKing said: How do you "offer" a BT and get them to raise the CL at the same time?
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