Finally a decent BT offer.... or not?

WhirledPeasPlease · ‎04-09-2009

Cap One just sent me two blue checks (and two reds). Of course they do this weekly, but this week the blue checks have a 0% BT for the life of the transfer w/ their standard 50 fee.

Not bad!!!

Message Edited by WhirledPeasPlease on 04-18-2009 01:16 PM

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.

Anonymous · ‎04-09-2009

That does sound like a good one!

Anonymous · ‎04-09-2009

That's an outstanding offer!

I haven't received a life of the transfer offer in a long time!

WhirledPeasPlease · ‎04-09-2009

I swear I have no idea why CapOne likes me. Card turned 1 in Jan. Started at 3k, now sits at 5250. APR is 10.4 (or 10.14 -- can't remember).

I've paid 1 BT fee, 2 AFs (19 each) and about a dollar in finance charges.

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.

Anonymous · ‎04-09-2009

They send me the no BT fee and reduced or regular purchase rate APR's. I don't think I have gotten the 0% checks. But they have never charged me a BT fee. APR is I think 10.24.

GregB · ‎04-09-2009

I have one CapOne that is about at the end of the first year 0% interest on BT and purchases. It does not state what rate is after that but if it is 2 digit, then it gets PIFed.

Other CapOne is about at end of 1 year 0%, 3% fee deal then goes to 5.99%.

I think both are reasonable and am pleased with Capital One.

Anonymous · ‎04-09-2009

Received the same 0% for life of loan checks today. Card thas been stuck at $4500 for a couple of years though, and right now I have $1800 parked on it at 3.9% for life.

WhirledPeasPlease · ‎04-16-2009

Soo... if it sounds too good to be true, it probably is.

I rec'd a letter from Cap1 yesterday that the blue checks I recently received contained an error and are now invalid. According to them they should have said, "Zero APR for 6 months, then your regular purchase APR". I was really irked, as I was planning on going to the bank today to deposit one of the blue checks.

Cap1 -- you're skating on thin ice.

They did mention that I should call if I've already used the check (sadly, no) or destroy the unused checks. What a bunch of jerks.

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.

iamrayl · ‎04-16-2009

I received those checks a few weeks ago and I also received that letter yesterday. Good thing I didn't use the checks. Anything that's too good to be true, usually is.

Anonymous · ‎04-16-2009

@WhirledPeasPlease wrote:
Soo... if it sounds too good to be true, it probably is.

It kinda had to be. In this economic climate, a bank who just reported a default rate near 10% is not going to hand out potential multi-year loans at 0%.

Unfortunately ...