UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: drwho17 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308671  
Subject: USAA Mastercard - To Switch or Not to Switch? Date: 9/9/1999 11:48 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Howdy folks, I have a few questions for you.

I currently have a standard USAA Mastercard with 12.5% interest rate and no carried balance. They just sent me a note inviting me to convert to a platinum card, offering no annual fee and 5.9% on balance transfers until 7/31/2000 (prime + 3.9 = 11.9% after).

I was thinking of transfering about $6200 from a Citibank Visa at 8.9% and $2000 from Discover at 21%.

First, is there something I'm missing about the USAA offer?

Second, if the offer is OK, does transferring from 8.9% to 5.9% make enough sense? I calculated $15.50 per month savings on the Visa.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.