question about my "sockdrawer":-)

Discussion in 'Credit Talk' started by ero2, Aug 16, 2003.

  1. ero2

    ero2 Well-Known Member

    I just got new BofA platinum after my PFB to them but they approved me for the 12.99 card, that is my highest interest rate, therefore it is in the sockdrawer. I have an MBNA worldpoints which I though would be great for a free travel rewards card, but found out that they pick the airline and are not very easy to work with as far as using your points for flights etc. I have a cap one which is my oldest card but 19.80% interest which I never even think about using. My question is, is using these cards once a year enough to keep my sockdrawer accounts open?
  2. greyfox

    greyfox Well-Known Member

    My card also has the 12.99 rate on purchases, but a 4% APR for life of balance on the balance transfers...also, the minimum payment is interest plus $10.00. I think I have received checks with this BT rate also, that I could use for anything.

    I use the card only for balance transfers. I would not use the card for purchases for a while to see if the BT offer applies, and would call customer service to see what they have for me in that regard.

    GEORGE Well-Known Member

    Call on the phone and ask for BETTER TERMS...

    Or PFB


    Use it for milk, bread and eggs at the grocery store...
    Or $5.00 gas for the LAWNMOWER

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