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Regular Contributor
bluedog1
Posts: 120
Registered: ‎03-14-2013
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Help me use my 0% intro offer

I purchased a new laptop with a card that has 0% APR for 12 months and would like to take advantage of this offer. If I make additional purchases in the future with this card how does that affect paying off the laptop purchase, i.e. do I need to PIF to a 0 balance before the intro period ends?

Senior Contributor
Wolf3
Posts: 3,197
Registered: ‎01-24-2010
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Re: Help me use my 0% intro offer


bluedog1 wrote:

I purchased a new laptop with a card that has 0% APR for 12 months and would like to take advantage of this offer. If I make additional purchases in the future with this card how does that affect paying off the laptop purchase, i.e. do I need to PIF to a 0 balance before the intro period ends?


Please clarify.   Is this a store card where you have 12 months of defferred interest on the laptop?  Or is it a CC with 0%APR on purchases for 12 months?

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LS2982
Posts: 15,436
Registered: ‎04-09-2011
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Re: Help me use my 0% intro offer


bluedog1 wrote:

I purchased a new laptop with a card that has 0% APR for 12 months and would like to take advantage of this offer. If I make additional purchases in the future with this card how does that affect paying off the laptop purchase, i.e. do I need to PIF to a 0 balance before the intro period ends?


These kind of offers can be tricky. Usually the promo'd balance get some of the payment and non-promo'd gets some. I would always recommend only charging the promo'd balance and PIF that first before charging anything else.




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bluedog1
Posts: 120
Registered: ‎03-14-2013
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Re: Help me use my 0% intro offer

Hi Wolf, it is a BofA credit card with 0% APR on purchases for 12 months.

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LS2982
Posts: 15,436
Registered: ‎04-09-2011
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Re: Help me use my 0% intro offer


bluedog1 wrote:

Hi Wolf, it is a BofA credit card with 0% APR on purchases for 12 months.


In your case all charges are 0% for 12 mos. You have until that 12th month end to PIF your card.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
bluedog1
Posts: 120
Registered: ‎03-14-2013
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Re: Help me use my 0% intro offer


LS2982 wrote:

bluedog1 wrote:

Hi Wolf, it is a BofA credit card with 0% APR on purchases for 12 months.


In your case all charges are 0% for 12 mos. You have until that 12th month end to PIF your card.


Ok great, thanks for your help!

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Wolf3
Posts: 3,197
Registered: ‎01-24-2010
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Re: Help me use my 0% intro offer


bluedog1 wrote:

Hi Wolf, it is a BofA credit card with 0% APR on purchases for 12 months.


You can use it for any purchase you want.   Cash advances and Balance Transfer probably don't qualify.    Remember you have to pay the minimum payment each month.  If you don't PIF the statement balance on month 12, interest will start accruing at that point.    But there will be no back interest, so not nearly as dangerous as deffered interest deals.

 

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LS2982
Posts: 15,436
Registered: ‎04-09-2011
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Re: Help me use my 0% intro offer


Wolf3 wrote:

bluedog1 wrote:

Hi Wolf, it is a BofA credit card with 0% APR on purchases for 12 months.


You can use it for any purchase you want.   Cash advances and Balance Transfer probably don't qualify.    Remember you have to pay the minimum payment each month.  If you don't PIF the statement balance on month 12, interest will start accruing at that point.    But there will be no back interest, so not nearly as dangerous as deffered interest deals.

 


Very good point. You'll be charged whatever interest on your T & C agreement.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
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BearsAndTurtlesRtheBest
Posts: 3,695
Registered: ‎10-02-2012
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Re: Help me use my 0% intro offer

[ Edited ]

@bluedog1 somehting that doesnt have to do with your question. Since I saw that you have BBR MC by BofA. Do you have to have that design?? Or do you have an option to customize like wells fargo cards?? 

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hayabusa
Posts: 92
Registered: ‎04-04-2013
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Re: Help me use my 0% intro offer

it all depends on the card sometimes cards will get all back interest if you don't pay it off within the 12 months sometimes it won't all depends on a lot not enough info.


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