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re: What are the benefits of 0% APR?

Posted on 1/19/13 at 11:33 pm to
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
48210 posts
Posted on 1/19/13 at 11:33 pm to
quote:

The Chase Freedom card has 0% intro APR on balance transfers for ~12 months currently.


The Chase Freedom Card does not allow Federal money to be added to their accounts. This includes all student loans.
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 1/19/13 at 11:34 pm to
Get square app charge the amount u need to pay of student loans. And eat the upfront fee. Assuming its chaper.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/19/13 at 11:38 pm to
quote:

The Chase Freedom Card does not allow Federal money to be added to their accounts. This includes all student loans.


They can't stop you from using the card to pay for normal expenses though, paying the minimum and then using the different to pay off the student loan. So you really need a card with 0% APR on purchases, not balance transfer.

The idea about using Square should work too, the fee is 2.75%.

ETA: Like I noted above though, the money you save may not be worth the trouble.
This post was edited on 1/19/13 at 11:42 pm
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