DI wrote:
@utah2009 wrote:
Kroger 1-2-3 has 2.99% APR on transfers til April 2010, with 3% fee.
Edited to remove: Plus you get the lovely rewards. Because evidently that's not the case on BT's.
That is not a good deal.
Well, it depends on where you're coming from. If someone had just been RJ'd up to APR's in the high twenty-percents, an effective APR for a 9-month BT of not quite 7% might not be that bad. And then afterwards, they'd have a card that's useful for gas and grocs for those who shop at Kroger.
Note: the effective interest would be higher when you calculate that 3% fee over 9 months instead of 12, which is why I said the rate would be not quite 7%.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
