Am not keen on using Credit Cards as short term loan providers but having said that, I have taken advantage of 0% APR balance transfer offers and occasionally low balance transfer offers provided they have low or zero transfer fees.
Recently, I logged into my account and noticed DISCOVER is offering me a balance transfer @1.99% ( Fee of $150.00 for each balance transfer.) or a Special Purchase Rate Offer of 1.9% good for 6 months. If you don't like paying transaction fee for balance transfers then this maybe an alternative option to consider. As always read FAQs and the very minute fine print..
Questions & Answers About this Special Purchase Offer
Q: What is my special purchase rate?
A: You will receive a special purchase Annual Percentage Rate (APR) of 1.9%. This special rate will only apply for new purchases, not old purchases and balances.
Q: How long does my account have this special APR?
A: Your special rate of 1.9% will be applied to all new purchases made from 4/7/2009 - 10/31/2009 if you make any purchase between 4/7/2009 and 5/31/2009. This rate will apply until the last day of your billing period ending November 2009.
Q: How do you apply my payments?
A: We apply payments to balances with low special APRs, like this one, before balances with standard APRs so, if you have existing balances or make additional transactions that have standard APRs, your savings under this offer will be reduced.
Q: Is this rate for all of my Discover Card charges? Balance transfers? Cash advances?
A: The special low APR is only applied to new purchases made from 4/7/2009 - 10/31/2009. This special rate does not apply to balance transfers or cash advances.
Q: Is there any reason why I would not qualify for this special rate?
A: If your account already has a special purchase rate or is closed or delinquent, you will not receive this special rate.
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