topic Re: 0% on new purchases in Credit Cards

0% on new purchases

Anonymous — Wed, 21 Apr 2021 04:46:23 GMT

We're closing on a house in about three weeks. We are planning on spending between 10 and 25 thousand on new furniture, appliances etc. I'm considering refinancing our car as we can get 36 months at less than 2% and could get about $12k out of it, which may be enough.
However, it may be better, and cheaper to use 0% offers to buy the furniture on that card.

I'd prefer to use an existing card.

Anyone know if any lenders will often extend 0% offers on new purchases to encourage spending on those cards? We don't typically carry a balance from month to month.

Re: 0% on new purchases

FinStar — Wed, 21 Apr 2021 05:13:04 GMT

Some do, some don't. It depends on the lender and whether any offers are available.

Which lenders do you currently have or plan on using?

Re: 0% on new purchases

Anonymous — Wed, 21 Apr 2021 05:41:57 GMT

That's a great question... here's who we have ccs with:
discover

PenFed

nusenda

amex

aod

citi double cash

chase freedom

Re: 0% on new purchases

Anonymous — Wed, 21 Apr 2021 09:43:55 GMT

Discover will often give you 0% for 12 months if you have gone 6 months without a promo APR or permanent APR reduction. I would hop on chat and say something to the extent of "I have some large purchases coming up and I was wondering if I have any offers on my account." That has scored me 0% for 12 months twice now.

Re: 0% on new purchases

AverageJoesCredit — Wed, 21 Apr 2021 11:17:56 GMT

@Anonymous wrote:
Discover will often give you 0% for 12 months if you have gone 6 months without a promo APR or permanent APR reduction. I would hop on chat and say something to the extent of "I have some large purchases coming up and I was wondering if I have any offers on my account." That has scored me 0% for 12 months twice now.

I didnt even have to mention large purchases lol. If you have offers you have offers regardless reasons one gives. Sort of like when people would call Sync looking for an increase , they want to get all elaborate with the csr thinking it makes a difference in getting one. It doesnt. Just ask lol. I agree Disco is great for these

Re: 0% on new purchases

Mr_Mojo_Risin — Wed, 21 Apr 2021 12:54:57 GMT

@Anonymous wrote:
That's a great question... here's who we have ccs with:
discover
PenFed
nusenda
amex
aod
citi double cash
chase freedom

Last week Discover gave me 0% for 12 months on new purchases. I think they would a great place to start.

Good luck

Re: 0% on new purchases

Mr_Mojo_Risin — Wed, 21 Apr 2021 13:00:39 GMT

@AverageJoesCredit wrote:
@Anonymous wrote:
Discover will often give you 0% for 12 months if you have gone 6 months without a promo APR or permanent APR reduction. I would hop on chat and say something to the extent of "I have some large purchases coming up and I was wondering if I have any offers on my account." That has scored me 0% for 12 months twice now.
I didnt even have to mention large purchases lol. If you have offers you have offers regardless reasons one gives. Sort of like when people would call Sync looking for an increase , they want to get all elaborate with the csr thinking it makes a difference in getting one. It doesnt. Just ask lol. I agree Disco is great for these

I didn't say anything specific, just said "hey do I have any offers?" They said yes, 0% for 12 months on new purchases. That was it, done deal!

Re: 0% on new purchases

Anonymous — Wed, 21 Apr 2021 14:43:46 GMT

Thanks everyone!

Re: 0% on new purchases

ldkcivilservant — Wed, 21 Apr 2021 16:40:03 GMT

I agree with the above. Disco gave me 0% for 12 months last month when I called and told them I was thinking of cancelling.

$5k CLI too, but I digress....

Re: 0% on new purchases

Anonymous — Wed, 21 Apr 2021 19:15:24 GMT

Yeah Disco seems to be teh best when it coems to 0% promos, the others that I have generally only offer lower rates ranging from 1.99% to 8.99% for a set time usually 6-12 months. Still it's better than the average normal rate of a CC at around 21% if you can't find any 0% offers.

Though if not maybe it's worth apping a new product after closing for that 0%.