The Platinum is a great card. It's on my target list since it's with Navy Federal and has one of the lowest APRs you can find anywhere. (I found a couple lower but they were with much smaller credit unions that are far away and that I don't do business with.)
I think everyone should keep one "low apr" card all the time just for when you know you won't be able to pay something off in full. You can't always find a quick 0% transfer offer on an existing or new card. (However, I would not recommend using this card for everyday spending you can PIF because you lose out on rewards. But it is good to have as an option.)
Good card for BT(s) from other cards and super awesome low APR if you qualify for it.
Every year you can request a review for a lower interest rate.
Mine was recently reduced to 9.24%, making it one of my lowest rate credit cards.
SJ, what was it previously? How much did they lower it?
I think they lowered it by 2 points.
And they lowered my cash rewards card interest rate by about 5 points.
Some NFCU Rep left a voice message today saying she is still trying to get me the 0% APR for 12 months on the Platinum card instead of the 0% BT for 12 months, last I heard the otrher day they could not do that so I was going to keep my More Rewards card which has 1.99% APR for 6 month then 13% APR for purhcases after that.
The Platinum card they want me to switch to offers an 11% APR for purhcases, no annual fee of course or foreign fees but down side is no rewards or cash back. The More Rewards card has a $3,000/90 day deal for a bonus, little steep for me. Making monthly payments on that much would be like acar payment to me.
What do you think I should do if they approve the 0% APR for 12 months? It seems in the long run