Chase loophole?

VERY interesting, Saar. Looks like Chase makes it almost too easy. Thanks for the link!

Randy

 

Thanks Saar! Great info. Will post after I try it out.

breeze

 

I'm gonna stagger closing dates, get the $500 in free traveler's checks, make a $500 CC payment, LOL. Think I'll get a line increase?

I just paid off $4,500 and didn't get a blooming thing. They are tightening up on credit.

breeze

 

The big unknown seems to be whether the transaction will be treated as a cash advance or purchase. Most card companies define cash advances in a way that would include purchase of traveler's checks so I'm not sure this would slip through the net. It would be great to find out. Anyone care to take a chance and report back?

 

I would, but I am already getting 4.9% APR, a lot better than the purchase rate. There is nothing better than balance transfers at low rates that last the duration of the loan.

www.creditsense.com

 

Creditworks,

Who did you get the 4.9 from? Is it until the balance is paid?

Thanks..

 

Chase sent me checks yesterdsy good for balance transfer up to credit limit with 2.9 until paid. One of the checks was preprinted with my name as payee so that I could use it as a cash advance. Between this offer and the ones my wife got from AT&T universal for 0.0% until next march I can borrow a whole lot of $ for very little interest. Whats really strange to me is that prior to February no one (except providian) would lend me anything unsecured.

 

Chase. I also got a 6.9 from Fleet.

www.creditsense.com

 

thanks.

I am about to transfer 10k off my Chase card in hopes of waking them up to offer me something good.

The idiots keep offering my 9.9 until the transfer is paid. But if I transfer at my purchase apr, I only pay 8.15. So why would I want the 9.9 offer I ask them. They say, I don't know, but that's all we have for you right now. I called about a month ago, and the lady said all we have now is your purchase apr.

I want something below 5-6 % that will last until the transfer is paid.

I took Bank of America up on an offer for prime until paid (currently 6.75).

Why won't Chase offer me a 4.9 until paid or something similar?

Oh well (sorry to rant).

 

I'll do the transfer first. If that doesn't work, maybe I'll check out their retention.

I did already find out that retention reps are not allowed to increase credit limits.

 

Okay, I'll be a guniea pig. I just order $900 worth of checques. I'll let you all know if it shows up as a cash advance.

Also, FYI, If you order $1,000 even, you have to pick it up, so I backed down to $900. (Too lazy to go into the bank even though it's right down the street).

 

My first order of AMEX Travelers Chegues from chase currency to go just showed up on my Citi AAdvantage card as "purchase", no added fees and $0 cash advance.

It came next day Airborne Express. (No extra charge).

INTERESTING NOTE: The same day, I also ordered travelers cheques on my Cobalt Card direct from the AMEX site. Get this, for $800, they charged me a $10 "processing fee" and $3.95 for 3-5 biz days ground shipping.

Turns out the "ground shipping" was just regular mail--almost threw the damned thing out!!! And it took 4 days to get to me.

BY COMPARISON: Chase Currency To Go was Chase/AMEX travelers cheques, NO PROCESSING FEE; NO SHIPPING FEE. Arrived next day Airborne Express-signature required. Showed up on my Citi AAdvantage as a "purchase", not a cash advance.

Guess who's NEVER going to order from AMEX travelers cheques site again!

 

Hope, I would like to do that with my citi card, I was denied a bt but maybe I can get around it using trav. cheks. could you elaborate?


thanks,
mindy

 

Believe it or not I have never used traverlers checks. Where can they be used and what are they good for?

 

They can be used just about anywhere, they are as good as cash, actually better. They offer protection if lost or stolen.

www.creditsense.com

 

Good Idea Saar.... !!

I like the way ya think... ;-)


MartysGirl