Applied last December, got an instant approval, 0% APR till July. Called them on June, said my special APR is expiring and I'm going to xfer my balance out. They said hold on... your 0% APR is now good till October. Called them today, told them October is near and I'm gonna xfer out. They said hold on... your 0% APR is now good till December. Not bad, especially when Chase now offers 0% good for more than a year Now what am I gonna do with all that free money, you ask. Buy U.S. bonds, probably Saar
Answer, long term relationship and hoping that someday I'll agree to pay a higher APR on these or other lending products.
To be perfectly honest, Discover has surprised me in recent months. Two months ago they offered me 1.9% BT for six months, w/ no fees. And just last week they sent me a letter stating that my purchases would be 0% until December. It is kind of nice to receive offers after being with them for a couple of years. It is a good way to keep my business. Dani
It's interesting how Discover has moved from being a sock-drawer card to being a real competitive innovator. Their home equity products (Morgan Stanley) are awesome (and the process/people are great) Discover rates (promo) are unbeatable Discover2go card is cool Their merchant acceptance is 2nd only to V/MC Looks like their formula has worked - this household is probably going to be a long-time relationship that will generate good revenue for them. I'm willing to bet all this great promo activity is their strategy to show significant portfolio growth (more cards outstanding + more $ volume). -mj
If anyone else got this offer, remember: To really utilize the 0% till December, you first need to pay off the "0% till October" balance. Otherwise that balance would start carrying a regular APR on October and you won't be able to pay it off, because whatever payments you make will be applied toward the "0% till December" portion of the balance. Saar
Update: I called today. My 0% BT rate was once again extended. This time until April 2003. It's important that you call to extend the 0% APR before it expires. Once expired, it's virtually impossible to reinstate it. Saar
Well, they wouldn't extend for me, so I transferred everything out and now have a zero balance. Did you have a secret code or something you used on the customer service rep? He wouldn't even talk to me about extending.
The # I called was 1-800-767-7339. At first, they said I had the offer till 1/2003. I replied saying that's not long enough, wondering whether there's any other BT offer that's good for a longer period. That's when they came up with the 0% till 4/2003. Saar
My 1.90% BT was supposed to expire 09/26/02...I paid it off... ON-LINE they want me to take 9.90%...$29.00 fee... My highest today is 4.75%... I will have to call them to see what they will offfer... 1-800-347-2911 is the number I was given by E-MAIL (RATE SPECIALIST)
