topic Re: Discover IT received card, but where is 0% APR? in Credit Cards

Discover IT received card, but where is 0% APR?

TimeLBK — Mon, 22 Jul 2019 22:10:53 GMT

Dad received his card, but I was looking through the terms and he didn't receive the Intro 0% APR for 14 months on purchases and BT. The APR is 25.24% right now and BT is 3%+ 10.99%. Why is this? This is not what was advertised when he signed up..

5% cash back

At different places each quarter, up to the quarterly maximum each time you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.
Cashback Match

We'll automatically match all the cash back you've earned at the end of your first year. There's no signing up. And no limit to how much we'll match. 1

0% Intro APR† for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until October 10, 2019.

Then 14.24% to 25.24% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

†See rates, rewards and other info"

Re: Discover IT received card, but where is 0% APR?

Brian_Earl_Spilner — Mon, 22 Jul 2019 22:14:40 GMT

BT offers are on approved credit. He may have qualified for the card, but not the BT offer. It should have been in the T&C after he applied.

Re: Discover IT received card, but where is 0% APR?

Anonymous — Mon, 22 Jul 2019 22:14:40 GMT

Basically if Discover deems a credit profile to be borderline, as evidenced from the highest APR they offer, they will adjust the terms of the offer for intro APRs.

Re: Discover IT received card, but where is 0% APR?

TimeLBK — Mon, 22 Jul 2019 22:21:01 GMT

@Brian_Earl_Spilner wrote:
BT offers are on approved credit. He may have qualified for the card, but not the BT offer. It should have been in the T&C after he applied.

He's qualified for BT...3% fee plus 10.99% APR

Re: Discover IT received card, but where is 0% APR?

Brian_Earl_Spilner — Mon, 22 Jul 2019 22:24:27 GMT

@TimeLBK wrote:
@Brian_Earl_Spilner wrote:
BT offers are on approved credit. He may have qualified for the card, but not the BT offer. It should have been in the T&C after he applied.
He's qualified for BT...3% fee plus 10.99% APR

Everyone qualifies for BT, not everyone qualifies for the intro BT offer, which depends on that person's credit.

Re: Discover IT received card, but where is 0% APR?

TimeLBK — Mon, 22 Jul 2019 22:27:46 GMT

Thank you for your input.