The BT fee on this offer is 3% no cap so it sucks. Is this type of offer becoming the norm? I would prefer to app for a card with a set offer and either be approved or declined. Are other issuers moving to this type of offer as well?
0.00% for 12 months from date of account opening for APR 1. After that, 11.99% variable. 0.00% for 7 months from date of account opening for APR 2. After that, 15.99% variable. 0.00% for 7 months from date of account opening for APR 3. After that, 19.99% variable. † † Your application is a request for an account with APR 1, APR 2 or APR 3, in that order. We determine your APR based on a review of your application and credit history.
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posted: Mar. 10, 2010 @ 4:44a
monopolymoney
Member
posted: Mar. 10, 2010 @ 5:21p
I'm not sure why you got red for asking this question. I'm curious about the three tier approach as well. I actually just applied for this card two days ago and they are going to email me my application approval.
I agree with you about applying for one set offer. As for the no cap this is definitely the future. It's becoming more and more difficult to find credit cards with a cap on the bt fee. The last time I did a bt I got a capital one card at 0% on purchases for a year and bought a crap load of coins from the mint, put those coins in the bank and applied them to my credit card. 0% cost to transfer.
nimishbvora
Member
posted: Mar. 11, 2010 @ 8:31a
0% BT fees are gone, perhaps most if not all...Other day I was talking to branch manager of Chase while I was doing BT on my Chase Freedom for 0.99% APR targetted special offer to me...Manager said they cannot reduce/neglect BT fees because required by "federal law"...after that I had 3 BT for me/my wife and heard same/similar from rep on phone also...
I found that Citi will not budge on BT fees either. I have a special 1.99% APR for 15 months and they will under no circumstances budge on the BT fees, not even impose a cap.
This is just a new way for banks to assure they make money as they are now under the scrutiny of the US Govt...
dodgeman007
Senior Member
posted: Mar. 13, 2010 @ 12:34p
crawsfire said: The BT fee on this offer is 3% no cap so it sucks. Is this type of offer becoming the norm? I would prefer to app for a card with a set offer and either be approved or declined. Are other issuers moving to this type of offer as well?
0.00% for 12 months from date of account opening for APR 1. After that, 11.99% variable. 0.00% for 7 months from date of account opening for APR 2. After that, 15.99% variable. 0.00% for 7 months from date of account opening for APR 3. After that, 19.99% variable. † † Your application is a request for an account with APR 1, APR 2 or APR 3, in that order. We determine your APR based on a review of your application and credit history.
i know that back when i was working for chase end of 08, they did have the exact same type of offers. so this is nothing new.
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