@Anonymous wrote:Congrats, hopefully ill get my deduction soon as well
Unsure when my 0% runs out, but will be checking for offers when it does.
@UncleB wrote:
@JSS3 wrote:
Yes. Discover will at times give another 0% APR period after intro is up. They offer that or lower APR.+1
I admit when my times comes if I'm offered either/or, I'll have to look long and hard at having another 0% for 12 months. While I don't usually carry a balance, it sure is nice to be able to let a small balance "slide" for a month or two before PIF and not having to worry about interest charges.
Decisions, decisions... LOL
(I'll also add that having a 0% promo is the perfect time to do a 0% balance transfer, since you can still use your card for new purchases at the same time as paying down the BT without having to worry about interest on the new purchases, which without a 0% purchase promo can't be avoided...)
Yes, that is a consideration as well. I presume after another 12 months, the regular reduction would be there. More opportunities to stay in garden mode. 
Honestly I couldn't care less about 0% APR on purchases since I get 0% APR on BT's all the time... If I need it I am fine paying a 3% Fee and just BT it to a card. I would always take a perm % decrease.
@Closingracer99 wrote:Honestly I couldn't care less about 0% APR on purchases since I get 0% APR on BT's all the time... If I need it I am fine paying a 3% Fee and just BT it to a card. I would always take a perm % decrease.
I agree in principle (I'm carrying a BT right now) however I'm going to have to move the balance somewhere else when the first year 0% APR is over since I like to use my Discover card for the 5% categories, and using it without a 0% promo while carrying a BT causes interest to accrue on the new purchases. 
@pipeguy wrote:
@UncleB wrote:
@JSS3 wrote:
Yes. Discover will at times give another 0% APR period after intro is up. They offer that or lower APR.+1
I admit when my times comes if I'm offered either/or, I'll have to look long and hard at having another 0% for 12 months. While I don't usually carry a balance, it sure is nice to be able to let a small balance "slide" for a month or two before PIF and not having to worry about interest charges.
Decisions, decisions... LOL
(I'll also add that having a 0% promo is the perfect time to do a 0% balance transfer, since you can still use your card for new purchases at the same time as paying down the BT without having to worry about interest on the new purchases, which without a 0% purchase promo can't be avoided...)
Exactly !!
(B, do you have access to my file?)
I did exactly this a few months ago (January) - asked for a APR decrease, Discover offered the same two choices and I took the 0% APR for 12 months (always was a sucker for zero percent interest) I also figured when I come back in 12 months they'll either offer another 12 months 00% or a reduction in my standard APR, so it's not one or the other forever. In March I balance transferred a bunch other account balances to Discover through one of their offers - that number has been paid off about 50% already, but the bottom line is I have a balance on exactly 2 accounts, Lowes promotional 84 month financing for a special project and Discover BT.
I pay next to nothing on my revolving credit every year - you need to pay attention, but using 0% intro promotions, 0% special financing such as Amazon and Blispay and low or 0% balance transfers through Discover and others such as DCU promotions, but especially Discover and of course PIF whenever possible, you don't have to spend your hard earned money making lenders richer.
@Anonymous the last Discover deal was 18 months @ 4.99% or 12 months at 00% with a 3% fee - I took the 4.99% this time so it'll account for a little interest paid in 2016 - note too that new actual purchases ar 00% through the end of 2016.
Great minds think alike! 
My own 0% period expires the end of July (or first of August... I'll have to check to make sure) but my BT 0% rate doesn't expire until October.
I'm not quite as far along in paying it off as I expected to be, so I'll either move the balance to a Quicksilver when it expires in October, or to "keep things simple" I might go ahead and move it in July just to be done with it. That being said, once everything is 'settled' (and my rate expires) I plan on calling Discover to see what they have to offer... my rate will be a very mediocre 20.24%, and having another year at 0% would be wonderful. 
The balance is due to one-time dental expenses, so it's not as if I'm building up a pile of debt or anything, and once it's gone I'll be in decent shape. I have a Care Credit balance that I am on schedule to have PIF by the end of the year (a month before the deferred interest kicks in) and once that's taken care of I'll be able to double-up on the Discover balance and get it knocked out.
(Hopefully no more major dental work for a while... LOL)
@gh17 wrote:I just got a decrease from 13.24% to 12.24%. I don't ever carry a balance, but nice to get a decrease anyway.
I should look into those occassional 0% offers - that would be nice and I would make use of it.
That's an awesome rate! Congrats on the rate reduction!
