topic Re: Chase Visa Offer in Credit Cards

Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 03:30:34 GMT

I've just received 3 offers in 4 weeks for a Chase Visa with a 0% intro. rate for up to 15 months (on balances & transfers), a fixed 8.99% APR and no annual fee. I currently only have 1 credit card (Citibank visa) which I've had for 5 years and in good standing (current rate 12.99%). I'm thinking about taking a chance & applying for my 2nd card & take advantage of the 0% intro rate & transferring my $2700 balance. After reading a few of the threads, I've realized that people have this credit card/credit history thing down to a science. I'm curious to hear the opinions & advice. Should I take the leap? Is chase a good card to have?. Thanks.

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 04:05:26 GMT

It seems like a good offer and a good card - for some reason I keep getting the same offer. I think they are soft pulling my equifax.

To determine if this is the best card for you I'm unsure? What are your scores and what type of rewards (if any) are you interested in? I'll add 8.99% fixed is a great rate - but other than that the perks and offers seems limited.

I'm an Amex fan myself and would recommend any of the blue cards-

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 04:28:42 GMT

I agree, the perks are pretty limited, but this is the lowest fixed rate I've seen in about 3 years. I've got until 11-23 to reply, so I think I'll hold out just in case other offers pop up. Thanks for the reply. I've got a feeling I'm going to learn alot from hanging around this forum!

EQ:784, TU:779, EXP:781 (7-06).

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 04:47:29 GMT

Great scores -

The Amex Blue has no annual fee, a 12.24 % Varibale APR (not as good at the 8.99%), and a great 0% balance transfer for the first 15 months. There are tons of other great benefits on the card re: warranty coverage, 90 day theft/damage protection (which I've used), and other things.

Good luck in deciding and welcome to the forums!

Message Edited by pjriverap on 10-13-2007 09:47 PM

Re: Chase Visa Offer

Baybreeze — Sun, 14 Oct 2007 14:03:11 GMT

With those scores and only 1 other credit card you are probably a shoe-in as long as you have no BK's or other bad things on your reports, etc.

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 14:50:14 GMT

I think 8.99 is a great fixed rate

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 14:55:08 GMT

If you don't want it, app it for me and I promise to pay it faithfully

Re: Chase Visa Offer

smallfry — Sun, 14 Oct 2007 15:30:09 GMT

I would jump on that Chase card in a minute.

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 15:59:04 GMT

I would also look at Chase Freedom reward card. It now offers 3% cash back where you spend the most (and it has 15 different categories to earn these rewards). It does have limits so you would need to make sure you spend in that range...I know some of the rewards cards are unlimited, but I don't spend that much. It also gives you 50 free dollars if you save your rewards to $200. I'm a rewards card person and that put them 1 step in front of citibank. Also since I was a good customer, they gave me 9.99 fixed (i don't know about new customers though).

It won't help with the balance transfer option though.

Message Edited by ficoachiever on 10-14-2007 08:59 AM

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 18:15:43 GMT

Chase also usually has very good balance transfer/lifetime of the loan offers. So even after the 15 month, 0% intro rate expires, you'd probably be receiving some very good promotional rate offers on the Chase credit card account. I bought a car in November of 2005 with a Chase 2.99% fixed for the lifetime of the balance, promotional check. I never thought that I would ever purchase an automobile with a credit card. However, at that time, the lowest APRs for 3 year auto loans were 5% and higher. I saved several hundred dollars buying a car with the 2.99% fixed check offered on my Chase credit card account.

Re: Chase Visa Offer

Anonymous — Sun, 14 Oct 2007 19:09:50 GMT

@Anonymous wrote:
Chase also usually has very good balance transfer/lifetime of the loan offers. So even after the 15 month, 0% intro rate expires, you'd probably be receiving some very good promotional rate offers on the Chase credit card account. I bought a car in November of 2005 with a Chase 2.99% fixed for the lifetime of the balance, promotional check. I never thought that I would ever purchase an automobile with a credit card. However, at that time, the lowest APRs for 3 year auto loans were 5% and higher. I saved several hundred dollars buying a car with the 2.99% fixed check offered on my Chase credit card account.

Whoa! That's unheard of. At least by me. Am I understanding it correctly? Does this mean that you pretty much purchased a car with a 2.99% interest 'loan'? You also said that it was a promotional type of check, so that also must've made the rate so low. Can you maybe elaborate on what kind of relationship you have with Chase? Like how many accounts (CC, checking, savings, anything) you have with Chase, what your CL is/are, age of account(s), etc. And can you also let us know how that entire deal came to be. Like did you ask for it? Did they just offer this to you? What other kinds of offers have you seen from them in the past? Thanks. I think many people would learn a lot from this experience.

Re: Chase Visa Offer

Anonymous — Mon, 15 Oct 2007 00:03:13 GMT

ficus--I purchased a 2006 Honda Accord EX with a 2.99% APR convenience/promotional check that posted to my Chase Visa account. I have 2 credit cards with Chase--A Chase Freedom Visa (opened in 3/1986, CL-$29,300) and a Chase Platinum Rewards Visa (opened in 10/1994, CL-$33,300 [this is the one that I used to purchase the car]). That's it--no savings, checking or other Chase accounts. Monthly, Chase always gives me promotional rate offers on my cards--and always at rates below Prime. I do know that others receive these offers--In August, my parents also bought a car using a Chase promotional check at a 3.99% APR. Sometimes they'll offer .99% or 1.99% limited time rates (ones that expire in 6-10 months).

EQ-804/EX-839/TU-806

Re: Chase Visa Offer

SmartCookie — Tue, 16 Oct 2007 04:16:04 GMT

I love Chase! Check out all of their card offers... usually if you qualify for one, there are others that might suit you better. They do convert cards also. They do not give automatic CLIs, you have to ask... and they are accomodating.

I've got 3 cards with them, no other affiliations. My FICOs are low 700's right now and my lowest BT offers (which sometimes I take as a bank check if the rate is good and I have anything to pay off) are:

0% APR till 4/1/08 billing cycle

4.99 APR fixed till PIF

6.99 APR fixed till pif with no fee

The offers change every month or so and are a bit individualized... with a good history, if you pay a big balance off or are not using the particular card much, they will throw in a particularly good rate out of the blue. The BT rates are the same rates and conditions as the promo checks they send with the bill... at least with my 3 cards.

Re: Chase Visa Offer

SmartCookie — Tue, 16 Oct 2007 04:19:53 GMT

I should add... psychic has primo FICOs so don't count on getting those rates just yet!

The lowest BT I believe I ever got for a fee free + lifetime was 3.99% fixed, and I took it to pay off bills some years ago. Chase deposited the cash right into my checking account for me to use as I pleased.