Do you still have a 0% for life balance transfer from Discover Card? Are you required to make two purchases/month to maintain the 0% rate? Well maybe not. I just got off the phone with a Discover CSR. I misplaced my card and asked the CSR if I would have a new card in time to make my two purchases this month to maintain my 0% rate. The CSR stated they no longer require the purchases to maintain the BT rate. She also said Discover made the change several months ago but has never communicated the change to any of their customers. She said they were told to share it on a need to know basis. Can anyone else confirm this?
I have been charging $.50x2 at the gas pump for several years during my regular fill-ups.
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The only problem with this is when they decide to turn that rule back on without notifying customers either. And, there is the possibility you were dealing with a moron at the call center. I'd sure want some more collaboration on this before diving in...big penalty for being wrong.
might not be for all... one of my donations did not process some how and I was hit with 25% interest... So I paid it off.... that was about 3 months ago YMMV
I have 2 Discover cards that I have the 0% for life on, with a requirement of 2 purchases a month. Up until 2 months ago my statements always included the following words: "Congratulations! Your special Balance Transfer rate(s) has been extended for another billing period, as described in the offer. Call 1-800-DISCOVER (1-800-347-2683) to find out which balance transfer rate(s) has been extended. Please be sure to make the required transactions during this billing period to extend your special balance transfer rate(s) for another billing period!" For the last 2 statements those words no longer appear on the statement.
They can't just turn that rule back on without notifying customers, because the new laws going into effect in 2010 prohibit issuers from requiring a minimum number of monthly transactions. They turned the rule "off" and didn't tell anyone about it because they didn't really want to turn it off. They had no choice by law. I suppose their decision to turn it off early was simply in preparation for the law changing in a few months. I read about it in the Citi 0% for life thread. It's all there if you take the time to read it.
AORs were fun, but i have moved on to other profit making enterprises. I screwed up - forgot to use card - 2 time and they reinstated both times. The 3rd time , i just paid it off as the balance was under $2K
Neidman said:I have 2 Discover cards that I have the 0% for life on, with a requirement of 2 purchases a month. Up until 2 months ago my statements always included the following words: "Congratulations! Your special Balance Transfer rate(s) has been extended for another billing period, as described in the offer. Call 1-800-DISCOVER (1-800-347-2683) to find out which balance transfer rate(s) has been extended. Please be sure to make the required transactions during this billing period to extend your special balance transfer rate(s) for another billing period!" For the last 2 statements those words no longer appear on the statement.
ditto for me. I would like to verify this as well.
But like sethdallob said, how do you know for sure? I would like something in writing...
$1 recurring to Humane Society of US $1 recurring to Nature Conservancy $.50 in interest each month Peace of mind - not that hard to do, and not expensive.
Message edited by: parmenides on 2009-11-06 15:59:44 CST
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