Balance Transfer from Amex to Discover

[Isacking97]

I what to transfer about $350 to my discover and use the 0% APR offer for 12 month that they offer me

I what to keep using my Discover It Card (Thay don't accept AMEX everywhere), If I pay my current spending before the stamment cuts I will still get charged with interest?

[SecretAzure]

It's a 3% fee instantly unless you're under an introductory offer.

[Isacking97]

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@SecretAzure wrote:

It's a 3% fee instantly unless you're under an introductory offer.

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I know that, but my question is that after the balance transfer, If I use my card and pay it before the statement cuts they will till charge me interest? (Current APR 18.49%)

[AverageJoesCredit]

No i think so long as you pay whatever purchases you made by the due date, you shouldnt be charged interest. If you let those purchases carry over to next month i would then think yes.

[redpat]

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@Isacking97 wrote:

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@SecretAzure wrote:

It's a 3% fee instantly unless you're under an introductory offer.

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I know that, but my question is that after the balance transfer, If I use my card and pay it before the statement cuts they will till charge me interest? (Current APR 18.49%)

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How long is it going to take you to payoff $350?  That has to be the lowest BT I have ever seen here.  If you are going to pay it off in two months don't BT it because that would be $10.80 - $8.10 if you pay half next month in interest or less.  The B/T fee will be $10.50 (350x3%).  Seems like you are jumping through a lot of hoops for $350. IMO

[Anonymous]

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@redpat wrote:

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@Isacking97 wrote:

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@SecretAzure wrote:

It's a 3% fee instantly unless you're under an introductory offer.

---

I know that, but my question is that after the balance transfer, If I use my card and pay it before the statement cuts they will till charge me interest? (Current APR 18.49%)

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How long is it going to take you to payoff $350?  That has to be the lowest BT I have ever seen here.  If you are going to pay it off in two months don't BT it because that would be $10.80 - $8.10 if you pay half next month in interest or less.  The B/T fee will be $10.50 (350x3%).  Seems like you are jumping through a lot of hoops for $350. IMO

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I was thinking the same thing here...

[redpat]

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@rmm140 wrote:

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@redpat wrote:

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@Isacking97 wrote:

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@SecretAzure wrote:

It's a 3% fee instantly unless you're under an introductory offer.

---

I know that, but my question is that after the balance transfer, If I use my card and pay it before the statement cuts they will till charge me interest? (Current APR 18.49%)

---

How long is it going to take you to payoff $350?  That has to be the lowest BT I have ever seen here.  If you are going to pay it off in two months don't BT it because that would be $10.80 - $8.10 if you pay half next month in interest or less.  The B/T fee will be $10.50 (350x3%).  Seems like you are jumping through a lot of hoops for $350. IMO

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I was thinking the same thing here...

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IDK, could be a typo $3,500 perhaps and I hope it is......

[Anonymous]

Read through your BT offer. Most will state that purchases made after the BT may immediately start to earn interest. Using the card while you have a BT on it may not be the best option

[Isacking97]

I have 2 offers one with 0% APR with a 3% fee for 12 months and the other is a 4.99% for 18 months No Fee

Yes is about $350 - $400, My 0% APR with AMEX is over in a month and I what to finance a purchase and pay it in about 3 - 4 months

[Isacking97]

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@Isacking97 wrote:

I have 2 offers one with 0% APR with a 3% fee for 12 months and the other is a 4.99% for 18 months No Fee

Yes is about $350 - $400, My 0% APR with AMEX is over in a month and I what to finance a purchase and pay it in about 3 - 4 months

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Do you guys recommend the 4.99% with no fees?