Teaser Card Rates and Transfers

[Sowhat]

I need to tap into some of my cards' credit lines.  I have some 4-5 offers of 0% for 14-18 months or so.  The credit limits are from $5000 t0 $30000+.  I need about $30000.  I know that maxing out isn't a good idea becuase of credit utilization issues, but if I use one card, or two, I will save on their fees.  Thoughts?  Thanks.

[Lazer]

So as a Bigginer should i apply for three cards right away? meaning three the same on diffrent browsers?

[AsherO]

So as a Bigginer should i apply for three cards right away? meaning three the same on diffrent browsers?

Whatever you do, don't do that.

[ANONYMOUS]

Whatever you do, don't do that.

Why not??

[AsherO]

Why not??

Most issuers will cancel the duplicate apps and you'll only get one card, your app that gets processed might also get flagged (read: extra scrutiny) as a security/fraud risk.

Now please tell me why you would apply for three of the same card from the same issuer at the same time?

[HelpMe]

Thoughts?

Go for it. Easy way to get cheap working capital.

[ANONYMOUS]

Most issuers will cancel the duplicate apps and you'll only get one card, your app that gets processed might also get flagged (read: extra scrutiny) as a security/fraud risk.

Now please tell me why you would apply for three of the same card from the same issuer at the same time?

So then What is the 2bm/3bm for??

What Cards would you use for the 2bm/3bm to get Cards that offer 0% APR??

Go for it. Easy way to get cheap working capital.

It's NOT CHEAP working capital, it's FREE working capital!!!


Thanks in advance for all your comments!

[AJK]

Mon frere, we know you're grateful, but, please, do us a favor and stop with the incessant "thank you's!"

Thanks!

[HelpMe]

It's NOT CHEAP working capital, it's FREE working capital!!!

Are you sure? The OP did not state if there was a fee.

[AsherO]

Are you sure? The OP did not state if there was a fee.

IDK what the OP was referring to, but the Chase Slate is currently offering $0-fee BT with 0% for 15 months.

[HelpMe]

IDK what the OP was referring to, but the Chase Slate is currently offering $0-fee BT with 0% for 15 months.

That is a good one. The OP seems to be talking about offers on current cards.

[AsherO]

That is a good one. The OP seems to be talking about offers on current cards.

I'm yet to see an offer on a current card with 0% and $0 fees. Please CMIIW.

[leeboy]

I'm yet to see an offer on a current card with 0% and $0 fees. Please CMIIW.

I've got several discover offers with 0% for 15 months...  Citi AA visa and amex sent me 6 checks and 0% for a year.. Got the same offer from sapphire for balance transfer.
Not exactly free capital in these cases, there is $4 charge or 3% on the transfer which ever is greater but still not bad at all

[ANONYMOUS]

I've got several discover offers with 0% for 15 months...  Citi AA visa and amex sent me 6 checks and 0% for a year.. Got the same offer from sapphire for balance transfer.
Not exactly free capital in these cases, there is $4 charge or 3% on the transfer which ever is greater but still not bad at all

2 things:

              #1-  a) Are you sure that a Cash Advance is also 0% APR??
                      b) Are you sure checks aren't consider a Cash Advance, with interest if there is??

              #2- I was referring to Purchases that are 0%, therefore makes it FREE capital, but I was NOT referring to balance transfers!

[HelpMe]

I'm yet to see an offer on a current card with 0% and $0 fees. Please CMIIW.

Ok you are corrected. I have not received any but others I trust have reported to get them (Chase & Discover IIRC).

[Sowhat]

All of the offers have some BT fee.  And do utlization ratios matter that much?

Another question.  Its unlikely that I will be able to pay it all off in 18 months.  Aside from paying on time, any tips to future solicitations for similar offers?

[AsherO]

Ok you are corrected. I have not received any but others I trust have reported to get them (Chase & Discover IIRC).

A 0% BT offer, or purchase checks? (the two are not officially the same, though you can obviously get creative with the purchase checks...)

[HelpMe]

A 0% BT offer, or purchase checks? (the two are not officially the same, though you can obviously get creative with the purchase checks...)

A lot of times the offers are the same but I am not sure on this one. Like you said if you get creative, BT’s are the same as checks.

[ANONYMOUS]

A 0% BT offer, or purchase checks? (the two are not officially the same, though you can obviously get creative with the purchase checks...)

Can you write out the check to yourself??

Thanks in advance!

[AsherO]

Can you write out the check to yourself??

Nope, you're going to have to try harder than that...