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I just received an offer from a credit card company where they will give you a $100 credit if you keep the card for 90 days. Is this an easy way to gain some money (assuming you dump the card after 90 days) or could there be some strings attached somewhere?
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<<I just received an offer from a credit card company where they will give you a $100 credit if you
keep the card for 90 days. Is this an easy way to gain some money (assuming you dump the card
after 90 days) or could there be some strings attached somewhere?>>

That's Providian correct? I had the same offer. They are aggressive. I haven't done anything yet.
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Strings? There's probably a whole ball of twine.

Don't take the bait!
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<<I just received an offer from a credit card company where they will give you a $100 credit if you keep the card for 90 days. Is this an easy way to gain some money (assuming you dump the card after 90 days) or could there be some strings attached somewhere?>>

Hey, Mike!

I've never heard of an offer like this, but I'd be very Foolish here, and be very careful. Make sure you read ALL of the fine print very carefully.

It sounds to me like they're offering you the credit if you first establish the account by using it, and then fall into the pattern of accumulating debt.

You've got to make sure you understand all of the strings attached. Remember, if it sounds too good to be true, it usually is.

These companies don't usually give something for nothing.

Tony
...but I still am...

Off2Aruba
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I noticed while rereading the fine print that there is mention of having to transfer or charge a minimum amount to this account. But it doesn't say what that minimum is. Of course there are no phone numbers either to easily check the offer out.

BTW this is from Providian, as kelvin suspected.
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Read all the literature from Providian on their $100
plus 0% interest for 3 months. Not enough info to
make an informed decision, but couldn't find anything
that said I was commiting to anything, either. Sent
it in.

Must transfer $3000 balance from other cards in
order to get the $100. They told me that by phone--
my information packet has not arrived yet, so don't
know any other details. Would have transferred this
month's bill on my card (had some extra expenses) so
that I wouldn't have to pay it all at once, but they
couldn't make the transfer before my payment was due.

However, if you want to call them, toll-free number
is 1-800-586-2366. Person I just talked with seemed
pleasant enough and even reasonably intelligent. I
will post more on this outfit once the info comes.
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Received the full paperwork on my Providian credit
card. I canceled the card.

0% is on purchases only for the first three months.
I'm not entirely sure if you have to pay something
each month or if you could have the money free for
the 3 months. (Since they aren't going to give me
my $100, it isn't worth the time to read all the
details.)

In order to get the $100, you must transfer at least
$3000 to your card and leave it there for the 3-month
period. Interest on transfers for the first three months is 12.9%. They'd make up their $100 in pretty
short order.
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Call me a skeptic.....but based on past experience, you had better get ready to start saying "NO" to Providian telephone solicitors. You're on the list now, cancelled card or not, and you will be getting calls and mail offers galore.

Brace yourself!
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<<<
In order to get the $100, you must transfer at least $3000 to your card and leave it there for the 3-month period. Interest on transfers for the first three months is 12.9%. They'd make up their $100 in pretty short order.
>>>

That's pretty disgusting. It's a shell game. They give with one hand and take with the other.

I think I'm going to cancel my own Providian card just out of spite.

Cheeze
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