topic Re: Discover Interest Free Period Running Out in Credit Cards

Discover Interest Free Period Running Out

BrokaToe — Fri, 28 Feb 2014 00:00:05 GMT

Quick question, the 0% interest period that I received when I apped for Discover is fixing to expire. Do they start adding interest retroactively from the day the account was opened or does it just start on the day the 0% interest ends?

Re: Discover Interest Free Period Running Out

Anonymous — Fri, 28 Feb 2014 00:01:06 GMT

No retroactive interest.

Re: Discover Interest Free Period Running Out

BrokaToe — Fri, 28 Feb 2014 00:03:52 GMT

@Anonymous wrote:
No retroactive interest.

Awesome, thanks Lexie!

Re: Discover Interest Free Period Running Out

gdale6 — Fri, 28 Feb 2014 00:29:44 GMT

Give them a jingle they may extend the period for you.

Re: Discover Interest Free Period Running Out

BrokaToe — Fri, 28 Feb 2014 00:33:09 GMT

@gdale6 wrote:
Give them a jingle they may extend the period for you.

Interesting, have you known them to do this before? I have about a $1,500 balance and the 0% interest ends in May

Re: Discover Interest Free Period Running Out

gdale6 — Fri, 28 Feb 2014 02:04:14 GMT

@BrokaToe wrote:
@gdale6 wrote:
Give them a jingle they may extend the period for you.
Interesting, have you known them to do this before? I have about a $1,500 balance and the 0% interest ends in May

I personally have not done it but I have read plenty of people reporting in card forums that they have done it, cant hurt to try.

Re: Discover Interest Free Period Running Out

Anonymous — Sun, 02 Mar 2014 07:38:38 GMT

Do you have a Discover More card? I just converted my card to the Discover It card two days ago. I asked (one person, no luck; second, much better) if I could have the 12 months 0%APR like the new applicants and he said I couldn't but he'd see if there were any other internal offers he could get me. He found 2: 0% APR for 6 months or a permanent reduction of 5% to my statement APR (17.99% to 12.99%). I know a lot of people work in the Discover It department, but ask for Justin. He was awesome.

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 02 Mar 2014 18:04:22 GMT

@Anonymous wrote:
Do you have a Discover More card? I just converted my card to the Discover It card two days ago. I asked (one person, no luck; second, much better) if I could have the 12 months 0%APR like the new applicants and he said I couldn't but he'd see if there were any other internal offers he could get me. He found 2: 0% APR for 6 months or a permanent reduction of 5% to my statement APR (17.99% to 12.99%). I know a lot of people work in the Discover It department, but ask for Justin. He was awesome.

No mine is the Discover It card. But your story definitely gives me hope for accomplishing an extended 0% interest period. I'm gonna give them a call tomorrow and see if I can pursuade them Not sure if I can request a rep or not, but I'll ask for Justin and see what they say...thanks for the info.

Re: Discover Interest Free Period Running Out

Kenny — Sun, 02 Mar 2014 18:05:32 GMT

@BrokaToe wrote:
@Anonymous wrote:
Do you have a Discover More card? I just converted my card to the Discover It card two days ago. I asked (one person, no luck; second, much better) if I could have the 12 months 0%APR like the new applicants and he said I couldn't but he'd see if there were any other internal offers he could get me. He found 2: 0% APR for 6 months or a permanent reduction of 5% to my statement APR (17.99% to 12.99%). I know a lot of people work in the Discover It department, but ask for Justin. He was awesome.
No mine is the Discover It card. But your story definitely gives me hope for accomplishing an extended 0% interest period. I'm gonna give them a call tomorrow and see if I can pursuade them Not sure if I can request a rep or not, but I'll ask for Justin and see what they say...thanks for the info.

The chat is just as good as an option as well.. that's how I've always gotten my promo APRs.

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 02 Mar 2014 18:07:58 GMT

@KennyS2006 wrote:
@BrokaToe wrote:
@Anonymous wrote:
Do you have a Discover More card? I just converted my card to the Discover It card two days ago. I asked (one person, no luck; second, much better) if I could have the 12 months 0%APR like the new applicants and he said I couldn't but he'd see if there were any other internal offers he could get me. He found 2: 0% APR for 6 months or a permanent reduction of 5% to my statement APR (17.99% to 12.99%). I know a lot of people work in the Discover It department, but ask for Justin. He was awesome.
No mine is the Discover It card. But your story definitely gives me hope for accomplishing an extended 0% interest period. I'm gonna give them a call tomorrow and see if I can pursuade them Not sure if I can request a rep or not, but I'll ask for Justin and see what they say...thanks for the info.
The chat is just as good as an option as well.. that's how I've always gotten my promo APRs.

Good idea Kenny, even better, I'll give that a shot first.

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 09 Mar 2014 05:20:07 GMT

So I've been thinking about this some more.

What do you all think about the Chase Slate card. In your experience would it be worth applying for to transfer my Discover balance to for their 0% interest offer? In the event I was approved that is. Is it hard to get approved for that one?

Re: Discover Interest Free Period Running Out

Anonymous — Sun, 09 Mar 2014 05:39:35 GMT

@BrokaToe wrote:
So I've been thinking about this some more.

What do you all think about the Chase Slate card. In your experience would it be worth applying for to transfer my Discover balance to for their 0% interest offer? In the event I was approved that is. Is it hard to get approved for that one?

Ask Discover if they can extend the promo. If they can, then its not necessary for you to open a new account.

Otherwise, you can always apply for the Slate. You can also consider the Simplicity or the Citi Diamond Prefered (both have 18 months 0% APR).

Eventually, you should work on paying down your balances though.

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 09 Mar 2014 05:52:29 GMT

@Anonymous wrote:
@BrokaToe wrote:
So I've been thinking about this some more.

What do you all think about the Chase Slate card. In your experience would it be worth applying for to transfer my Discover balance to for their 0% interest offer? In the event I was approved that is. Is it hard to get approved for that one?
Ask Discover if they can extend the promo. If they can, then its not necessary for you to open a new account.
Otherwise, you can always apply for the Slate. You can also consider the Simplicity or the Citi Diamond Prefered (both have 18 months 0% APR).

Eventually, you should work on paying down your balances though.

Paying down my balances is something I do religiously. I owe nothing at all on any of my cards except the Discover. It's the only one I've carried a balance on in over 2 years and it's been at 0%. I only have a $1,400 balance on it and could pay that off in one fail swoop, but was hoping not to. Just wanted to try to space it out a little longer considering the move I'm fixing to make. Maybe I'll try something with Citi since I've not built a relationship with that bank yet. I do get offers from them all the time. I appreciate the recommendations.

EDIT: Oh meant to add, I did contact Discover about extending the promo and they said they couldn't and checked for other offers but nothing useful came up except a balance transfer offer, but I didn't have any balances to transfer except the one on the Discover...lol

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 09 Mar 2014 06:10:37 GMT

@Anonymous wrote:

Eventually, you should work on paying down your balances though.

You know, you're right enharu. The more I think about it the more it makes sense to just pay off the balance and move forward. I've been all worried about spooking my creditors so probably the last thing I need to do is prolong this balance on the Discover and just go ahead and pay it off. Would certainly be better than adding another inquiry or account to my report right now.

Thanks for the push, it was almost like an "I Dare You to Pay Off That Balance!"

Re: Discover Interest Free Period Running Out

Anonymous — Sun, 09 Mar 2014 06:29:36 GMT

@BrokaToe wrote:
@Anonymous wrote:

Eventually, you should work on paying down your balances though.

You know, you're right enharu. The more I think about it the more it makes sense to just pay off the balance and move forward. I've been all worried about spooking my creditors so probably the last thing I need to do is prolong this balance on the Discover and just go ahead and pay it off. Would certainly be better than adding another inquiry or account to my report right now.

Thanks for the push, it was almost like an "I Dare You to Pay Off That Balance!"

glad that worked out for you grats!

I thought your balances were higher, but since it's just 1400, you are better off paying it, and then apply for a 0% promo card with rewards, and then charge 1400 worth of bills or expenses on that new card. At least you get some additional rewards out of it and don't have to pay any BT fees as well.

Re: Discover Interest Free Period Running Out

BrokaToe — Sun, 09 Mar 2014 06:38:50 GMT

@Anonymous wrote:
@BrokaToe wrote:
@Anonymous wrote:

Eventually, you should work on paying down your balances though.

You know, you're right enharu. The more I think about it the more it makes sense to just pay off the balance and move forward. I've been all worried about spooking my creditors so probably the last thing I need to do is prolong this balance on the Discover and just go ahead and pay it off. Would certainly be better than adding another inquiry or account to my report right now.

Thanks for the push, it was almost like an "I Dare You to Pay Off That Balance!"
glad that worked out for you grats!

I thought your balances were higher, but since it's just 1400, you are better off paying it, and then apply for a 0% promo card with rewards, and then charge 1400 worth of bills or expenses on that new card. At least you get some additional rewards out of it and don't have to pay any BT fees as well.

Very true, sounds like a much better plan....Preciate the help. I've been pretty interested in the Sallie Mae MC, especially since I don't have a MC anymore after canceling my Cap1 Secured.

Re: Discover Interest Free Period Running Out

Anonymous — Sun, 09 Mar 2014 07:03:43 GMT

@BrokaToe wrote:
@Anonymous wrote:
@BrokaToe wrote:
@Anonymous wrote:

Eventually, you should work on paying down your balances though.

You know, you're right enharu. The more I think about it the more it makes sense to just pay off the balance and move forward. I've been all worried about spooking my creditors so probably the last thing I need to do is prolong this balance on the Discover and just go ahead and pay it off. Would certainly be better than adding another inquiry or account to my report right now.

Thanks for the push, it was almost like an "I Dare You to Pay Off That Balance!"
glad that worked out for you grats!

I thought your balances were higher, but since it's just 1400, you are better off paying it, and then apply for a 0% promo card with rewards, and then charge 1400 worth of bills or expenses on that new card. At least you get some additional rewards out of it and don't have to pay any BT fees as well.

Very true, sounds like a much better plan....Preciate the help. I've been pretty interested in the Sallie Mae MC, especially since I don't have a MC anymore after canceling my Cap1 Secured.

if you are looking for just Mastercards in general, you can consider applying for Citi cards as well too.

The TY Prefered comes in MC variations as well, and if you apply in a branch, the TY Premier comes as a World Elite MC by default (but there's no 0% promo for the Premier).