@Anonymous wrote:I've never used POT, and have no intention to ever, even for medical purposes. But I've looked at the details of it, and they could be very good deals. I did a hypothetical carry over 3 months on $600 on the Amex website. No interest, set fee amt, converted the total fees over the 3 months to an approximate APR. Comes to somewhere near 2.2% for me. Maybe the reason why the fees are so low for me is, they don't expect me to ever use it lol.
I was just looking at my cardmember agreement for my new everyday card and it says the plan-it feature can charge me up to 1.12% monthly, so I guess an effective APR of 13.44%? That's a lot better than my default 25.49% rate
@Anonymous wrote:
@Anonymous wrote:I've never used POT, and have no intention to ever, even for medical purposes. But I've looked at the details of it, and they could be very good deals. I did a hypothetical carry over 3 months on $600 on the Amex website. No interest, set fee amt, converted the total fees over the 3 months to an approximate APR. Comes to somewhere near 2.2% for me. Maybe the reason why the fees are so low for me is, they don't expect me to ever use it lol.
I was just looking at my cardmember agreement for my new everyday card and it says the plan-it feature can charge me up to 1.12% monthly, so I guess an effective APR of 13.44%? That's a lot better than my default 25.49% rate
Yeah, that isn't bad. Do you pay a fee? I thought they were all interest free. Mine is, but my fee is really small. I did a hypothetical for a $600 Plan-It for 3 months. The total fee for the 3 months was only $4.23. Comes to around 2.82%
