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#1 |
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Gold Member
![]() Join Date: Oct 2008
Location: Bloomington
Posts: 35
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Gosh I can't believe this so-called deal that Discover is trying to peddle to me!
![]() I got an offer in the mail today for a balance transfer offer and it is for 1.99% until 04/09. Well if I used it today that would barely give me 3 and a half months! On top of that it's not even a 0% balance transfer offer. Why on earth would someone pay 3% balance transfer fee upfront and then another 2% interest for only 3 months? I swear the things they try and pull now I just don't get how they expect us to fall for these silly things. |
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#2 |
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Centurion Member
![]() Join Date: Jun 2008
Location: Where the smog from the 101 freeway coats my home's windows...
Posts: 634
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If you consider the balance transfer fee alone (3%) and that is for receiving a promotional interest rate for only a quarter, that means on an annualized amount you're paying 13.99% (12% + 1.99%) for this balance transfer offer deal which is certainly no deal!
__________________
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash |
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#3 |
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Centurion Member
![]() Join Date: Apr 2008
Location: Zuma
Posts: 453
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I haven't had to do a B.T. yet but honestly I think the only ones worth it are the 0% balance transfer offers for 12+ months. Yeah impossible to find now but at least go with no shorter than 9 months if you can.
oh yeah the balance transfer fee sometimes is 4% too and that's another reason it's gotta be for a longest amount of time to be worth it.
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OBAMA Stop talking crap about him and give him a chance! |
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