Called DCard this morning-with me @16.82 APR. Asked if I could have a lower rate-before I had been offered a 14.82 APR. CSR said, "how does 13.99% sound? I said, OK, what about a BT APR? He said, "WEll, our rate is 9.9% for 8 months." "You dont have anything like 0% fixed?' Tap, tap, tap....."Well, if you have a purchase every month, I have 5.9% fixed.' I have a fixed purchase for9$ every month-thats my 1 purchase that qualifies! (G) Requested the 5.9 and 13.99 agreement in writing. Should get here in couple of days.This morning-sent 1K to Dcard. Brings me down to 2K total, eith a 5500$ limit. Agonizing over whether to BT yet, or let me pay off the 13.99 purchase rate and start over...I'm stressing on this!(G)-criscarson-
BT are best used on empty cards because of the way the payments are applied... highest rate balance first. If you can continue to send $1k, I'd wait the two months until it's at $0 before BT.96hokies
:) I hate Discover. But, when I sent them my final payment and closed my account, they sent me a "Discover" tee shirt.I promptly placed a huge "X" with a black magic marker across the credit card on the tee shirt along with the words, "I've "discovered" debt freedom!"I wear it proudly.JB
BT are best used on empty cards because of the way the payments are applied... highest rate balance first. If you can continue to send $1k, I'd wait the two months until it's at $0 before BT.I think you stated this wrong...payments are typically applied to the *lowest* rate balances first. So if you have $1000 at 5.9% and $1000 at 13.9% and you send a check for $500, the full $500 will reduce the balance being charged 5.9%...your 13.9% balance will continue to grow until you have fully paid off the lower rate balance...ACME
ACME, You're absolutely correct, my mistake. Type faster than my mind thinks.96hokies
After 10 years with Discover, I finally called to close my account. They hung up on me!
I just APPLIED for a Discover and received 0% BT until July 2004 with a $6,000 credit limit.
You're right. Balances with the lowest interest are almost always paid down first.
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