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Elan Platinum vs. US Bank Platinum

difringe
Frequent Contributor

Elan Platinum vs. US Bank Platinum

So ended up getting a bonus that enabled me to knock out a significant amount of my cc debt (scores to be updated next month) and I was working on a list of cards I want to get to better optimize my spend...came across the Max Cash Preferred variants from Elan Financial Services and when looking at what other cards they offered, I saw the Platinum card...which looks pretty weird

 

US Bank Platinum - Pretty standard offer, 0% APR for first 20 billing cycles, for balances transferred within 60 days of account opening

 

usbankplat.JPG

 

However, the Elan Platinum variant is...different

 

elanplat.JPG

Same 0% APR for first 20 billing cycles, but for balances transferred within 620(!) days from account opening?! I've never seen anything like that? Has anyone gotten one of these cards and taken advantage of the BT offer? I checked multiple variants and they all had that 620 days. I wonder if there's a parent template that just has a typo and this is really supposed to be 60 days.

Scores as of 6/27/2021


Planning to garden until January 2022 (started Sep 21 2020)


Message 1 of 6
5 REPLIES 5
FinStar
Moderator

Re: Elan Platinum vs. US Bank Platinum

Typo. It happens.

Message 2 of 6
difringe
Frequent Contributor

Re: Elan Platinum vs. US Bank Platinum


@FinStar wrote:

Typo. It happens.


Yea, commented that it might've been a typo...only thing that gives me pause is, when I checked the Max Cash Preferred, it has a similar BT offer for balances transferred within 366 days of account opening, which is also a much longer period than I'm used to seeing

 

maxpref.JPG

Scores as of 6/27/2021


Planning to garden until January 2022 (started Sep 21 2020)


Message 3 of 6
arunkumarmm
Regular Contributor

Re: Elan Platinum vs. US Bank Platinum


@difringe wrote:

@FinStar wrote:

Typo. It happens.


Yea, commented that it might've been a typo...only thing that gives me pause is, when I checked the Max Cash Preferred, it has a similar BT offer for balances transferred within 366 days of account opening, which is also a much longer period than I'm used to seeing

 

maxpref.JPG


I noticed This on my FNBT MCP too! 

Message 4 of 6
longtimelurker
Mega Contributor

Re: Elan Platinum vs. US Bank Platinum


@difringe wrote:

@FinStar wrote:

Typo. It happens.


Yea, commented that it might've been a typo...only thing that gives me pause is, when I checked the Max Cash Preferred, it has a similar BT offer for balances transferred within 366 days of account opening, which is also a much longer period than I'm used to seeing

 

maxpref.JPG


I was thinking 620 was such a random number, but it is ~ 20 months (just over) so I guess it's a little possible that it's not a typo, but 20 months is usually a (long) period of 0% APR rather than time to initiate.    Many MyFicoers have got the card, met the SUB and closed it in 20 months!

Message 5 of 6
difringe
Frequent Contributor

Re: Elan Platinum vs. US Bank Platinum


@longtimelurker wrote:

@difringe wrote:

@FinStar wrote:

Typo. It happens.


Yea, commented that it might've been a typo...only thing that gives me pause is, when I checked the Max Cash Preferred, it has a similar BT offer for balances transferred within 366 days of account opening, which is also a much longer period than I'm used to seeing

 

maxpref.JPG


I was thinking 620 was such a random number, but it is ~ 20 months (just over) so I guess it's a little possible that it's not a typo, but 20 months is usually a (long) period of 0% APR rather than time to initiate.    Many MyFicoers have got the card, met the SUB and closed it in 20 months!


If it really is 620 days, that's an interesting alternative to getting a known BT card (like a Citi Diamond Preferred) and keeping it post-BT in hopes that you get another BT offer. Gives you time for the auto SP CLI that I hear sometimes happens with Elan as well.

Scores as of 6/27/2021


Planning to garden until January 2022 (started Sep 21 2020)


Message 6 of 6
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