First USA

Discussion in 'Credit Talk' started by creditwork, Jun 14, 2000.

  1. creditwork

    creditwork Well-Known Member

    Just gave me a 2.9% APR till 11/2000 or 9.9% APR till the loan is paid. This is another example of what exercising your credit can do for you.

    Profit from the experience.
  2. J. Edgar

    J. Edgar Well-Known Member

    I find it amusing that they send me those checks as well, even for the card where the base rate is 9.99%, like it was something special. It's probably 2.99% and 9.99% on the offer. They added in that extra .09% about a year ago to squeeze a couple of extra pennies out of everyone.

    The other sneaky trick is that the promotional rate ends at the beginning of your billing cycle which includes the expiration date noted in the letter. If the expiration date on the letter is 1 November 2000 and you billing cycle ends on 3 November 2000, you only get the promotional rate until 3 October 2000 or whenever that billing cycle which includes 1 November starts.

    In addition, they charge a 3% or $50 to $100 max cash advance fee per check. It pays to read the fine print (I would estimate about size 3 point) on the bottom of those letters pronouncing "such as deal for you...."
  3. creditwork

    creditwork Well-Known Member

    You are right, but don't forget I make 19.47% APR on this checks from CreditWorks, so even paying the $50 fee, is worth it.

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