- Posts: 1
- Joined: Mon Oct 18, 2010 2:06 pm
- Location: Cleveland, OH
I got those "checks" fro Sears card that they send in the mail. Two ways of using them, transfer a balance to Sears card at 1.99% APR until June 2011, or 4.99% APR until December 2011. Either way, I don't think I'll have that balance I'm transferring from another card paid off completely in a year unless I win the lottery. After that it reverts back to the regular market rate, currently 25.24%. It also states a $10 or 5% fee will apply, whichever is greater. Which option would you recommend given I won't have it all paid off at the special rates? In the meantime while the lower rates are in effect, I can watch for a better transfer rate again. I will transferring about $3K. I may also want to transfer about $3K from another high interest card, so would have to use the 4.99 for that, but not sure if I'll do the other one at this point, but would like to. They gave me one 1.99% check, and two 4.99% checks to use. Thanks much for any advice!