Just curious. Has anyone received the below offer from AMEX Optima Platinum on balance transfers. I read it twice and even called them to make sure it wasn't a typo. Although, you would have to be nuts to carry a balance for 10 years, the offer is still interesting. "Enjoy a special APR of 8.9% through December, 2012 when you transfer balances to your Optima or American Express Credit Card Account today! You'll enjoy significant savings on interest because the balances you transfer will have a special APR of 8.9% through December, 2012. Just transfer a balance to your account before November 30, 2001."
The Optima Platinum product has always offered a fixed 8.9% BTs for the life of the balance. However, most Optima products charge a 3% BT fee. Saar
OK...BECOMING A THING OF THE PAST...got mail from B of A increase offer by "AR" and BT check $50.00 fee... DISCOVERCARD wants BT fee, now...NEVER DID BEFORE...
The AmEx web site contains this headline under the Optima Paltinum card: "Fee-Free Balance Transfers".
Lizard - it's not the card or account that has fee-free BT's - it's the offer. I've gotten 4 offers from Fleet over the last two months (they're obviously test marketing to see what the market will bear) - 3.9 for 6 months - 2% fee (min $5, max $50) 5.9 for 9 months - 3% fee (no min/max) 6.9 for 6 months - fee-free 3.9 for 4 months - fee-free I didn't take any of 'em - less than 9 months is a headache to monitor, and quite frankly, I'm getting sick of 12+ bills to track each month. Rate surfing does cost time - to monitor everything! -mj
