No. of Recommendations: 0

A couple of weeks ago I mentioned that I had applied for a Bank One card online, and was waiting for a response. Well a couple of days ago I got that response. The offer was for a Platinum card 0% till December 2005. My intention was to transfer the balance from my other higher rate card to the tune of about 7K. Interest rate on that card is 0% for purchases and 9.?% for the balance transfer. (which was alot less than the 25% on the original loan) I put the balance transfer on the original application.

Well the good news is I got the card. But here's the rub. The credit limit is only $500. (?!?!) Obviously I can't use this to balance transfer.

So what do I do now? Do I balance transfer the $500 to pay off the other card? (btw...they sent me an advance check.) Do I just write the check to ING and earn a whole $11 worth of interest? or do I just activate it and not use it at all.


Sears: 2.9% till November 2004 Balance: 8K
Fleet 9. Balance 7,100.

Bank One 0% Balance $0 Limit $500

Lady I.
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