Question about CC balance transfer | TigerDroppings.com

Posted byMessage
Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
70897 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.







Back to top
Share:
Cajun Revolution
George Washington Fan
Member since Apr 2009
42821 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.





Back to top
Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
70897 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?






Back to top
Cajun Revolution
George Washington Fan
Member since Apr 2009
42821 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


Back to top
  Replies (0)
TigerDeBaiter
LSU Fan
Member since Dec 2010
2553 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".





Back to top
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29858 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.





Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80681 posts

re: Question about CC balance transfer


What did Chase say about it when you called the 1-800 customer service number?





Back to top
Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
70897 posts

re: Question about CC balance transfer


Haven't called them .. wanted to utilize my resources here first.





Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80681 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.





Back to top
  Replies (0)
BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41390 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






Back to top
Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
70897 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.





Back to top
BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41390 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





Back to top
  Replies (0)


Back to top