Question about CC balance transfer | TigerDroppings.com
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Rohan2Reed
Grambling Fan
Westside
Member since Nov 2003
73649 posts

Question about CC balance transfer

Chase Slate is offering 0% APR on purchases and balance transfers until July 2014.

Some of the language reads: Your due date will be a minimum of 21 days after the close of each billing cycle. We will not charge you periodic interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on balance transfers, cash advances, and overdraft advances on the transaction date.

Does this mean that I will have to pay the balance on just new purchases or that if I don't pay the entire balance of my card I won't get the 0% APR.


Cajun Revolution
George Washington Fan
Member since Apr 2009
44671 posts

re: Question about CC balance transfer
I think once the expiration date hits, you will be charged interest on any remaining balance or transfer. Check transfer fees though.


Rohan2Reed
Grambling Fan
Westside
Member since Nov 2003
73649 posts

re: Question about CC balance transfer
quote:

I think once the expiration date hits, you will be charged interest on any remaining balance or transfer. Check transfer fees though.



Fees: $0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 3% of the amount of each transfer, whichever is greater.

my question on this:

quote:

We will not charge you periodic interest on purchases if you pay your entire balance by the due date each month.


..is basically: does that mean no interest charged if I pay off the entire balance of the card (not what I'm looking to do, obviously) or no interest charged if I pay off my monthly minimum?


Cajun Revolution
George Washington Fan
Member since Apr 2009
44671 posts

re: Question about CC balance transfer
I would think it's flat no interest period as long as you pay the minimum through the 2014 date.

The fine print you're quoting though would seem to be the same terms of any charge card. Pay the entire balance.
This post was edited on 3/22 at 12:23 pm


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TigerDeBaiter
LSU Fan
Member since Dec 2010
3108 posts

re: Question about CC balance transfer
If you're going to use it for a balance transfer I wouldn't put anything new on it. I think any payments are usually applied to the "lower interest rate".


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31699 posts

re: Question about CC balance transfer
No interest until July 2014 so long as you make the minimum payments. Usually the advice is to not make purchases at all but you have 0% APR on that too, so go right ahead.


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LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Question about CC balance transfer
What did Chase say about it when you called the 1-800 customer service number?


Rohan2Reed
Grambling Fan
Westside
Member since Nov 2003
73649 posts

re: Question about CC balance transfer
Haven't called them .. wanted to utilize my resources here first.


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Question about CC balance transfer
I understand, but regardless what any of us tell you it means, Chase will determine what it means. I'd call them if I were you before I open a CC with them if that clause is important to you.


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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42932 posts

re: Question about CC balance transfer
quote:

If you're going to use it for a balance transfer I wouldn't put anything new on it.


This


Rohan2Reed
Grambling Fan
Westside
Member since Nov 2003
73649 posts

re: Question about CC balance transfer
thanks y'all I'm going to call Chase and clarify everything. glad I now have a little prerequisite knowledge about it.


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42932 posts

re: Question about CC balance transfer
I would also put an even amount on the card and pay off an even amount. That way if you do pay any interest for breaking a rule you'll know


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