Managing Introductory Credit Card Offers

“I've been pre-approved of a credit card with 0% interest for Balance Transfer and also Purchases. Do store accounts (such as Currys, Argos) count as a Balance Transfer or a purchase? Can I just pay the amount using the new credit card? I'm just a little confused if it counts as a balance transfer or a purchase. Thanks in advance submitted by /u/RareBuy6209 [link] [comments]”

“I have a credit card that the bank closed but I'm paying it down. Let's call it card 1 and say I have $20K left on it. A balance transfer card would be super helpful but my score is in the 660s, and can't get one. Instead, I get a secured card (card2) and after a few months I'm just under a 700 FICO, with a $1000 limit... Then, I get approved for Card 3 with a 0% balance transfer and 5K limit. I just want to understand utilization better say for example if my 2011 car, with +200K”

“Be careful with the purchase besides your balance transfer. The payment hierarchy is very tricky.”

“Hello, everyone! I am not very experienced/versed in balance transfers and want to know if this is a good option for me or if it will end up making things worse. I misunderstood an intro offer for a card and ended up with a Chase card balance of $2800 to be paid with APR 26.74%, which I can pay but not so suddenly (I know it wasn't smart). My existing Capital One card has offered a balance transfer 0% APR for 12 months with a 4% transfer fee and then 28.49% after. I can definitely pay off th”

“We built an addition and put a lot of purchases on 0% credit cards, in order to pay down a HELOC aggressively. The 0% interest is good until May of next year. Would you prefer to pay it down gradually as we gain the funds, or wait until the end of the 0% interest period to pay it off at once? It'll be about 50k so we might get like $1,000 interest if it sits in a HYSA. There is also the psychological aspect of seeing debt go down if you pay it down gradually. submitted by /u/Accu”

“Hi! I'm (21f) trying to buy a new laptop, and I wanted to know if I could purchase a laptop with a credit card that has 0% APR for 12 months (which seems standard?), paying more than the monthly minimum on the balance until the total balance is paid off before the 12 months so as to not accrue any interest, and then maintaining a $0 balance on the card afterwards? submitted by /u/filobaker [link] [comments]”

“I want to pay off the debt on my credit card with another credit card through a transfer. This other credit card has no debt; it actually has a surplus of money since I canceled an expensive purchase on it. My bank is offering a deal. If I do it,the entire debt will be paid in full. The deal 1.99%​ Promotional APR 4% Transfer Fee 27.49% Standard APR I'm a noob and I've never taken deals on credit cards before. Should I take this deal? submitted by /u/ThatCollegeBoy06 [link] &”

“What's stopping people from using this strategy for obtaining a fixed "loan" with no interest? First, apply for the longest term 0% intro APR card possible and once the intro period ends, do a $0 BT to another 0% intro APR card (possibly multiple times)? It seems 0% intro APR + $0 BT cards are hard to find, but I found at least two. The other limitation could be that the "loan" amount can't be too large. For example, start with a purchase of $5000 on the Chase Slate f”

“I opened a 0% balance transfer Citi card and want to transfer high APR credit card debt to it. The card I wanted to transfer from (Barclays) wouldn’t let me. Also tried my Capital One account, same problem. Do I need a balance transfer offer from the high APR card in order to complete a transfer to the 0% card? If that’s the case, I didn’t know that was the only way to do it. Or am I misunderstanding the process? Thanks! submitted by /u/Puzzled-Path9559 [link] [comments]”

“I’m new with credit cards and I have a big payment coming up and I saw this offer that I think will help me budget for that. I don’t think it has any interest or fees but I still want to be sure there are no catches. “Enjoy $0 fees on any new plans you create during your 0% intro APR period.” Can someone who has done Pay Over Time with Chase give me any advice or tips? Also, I saw some posts talking about “Interest Saving Balance”, but I don’t see it when choosing the plan. I’ll also make anothe”

Which did you end up going with and what limit(s) were given?

“They cannot force you to pay it back faster than the agreed upon terms in the contract. They could lower the limit thus preventing new purchases, which would probably also jack up your utilization temporarily (although that would be unusual).”

“I’m looking to spend about 5-6k furnishing a small guest home. I came across the chase slate credit card and I don’t know much about it, but 0% apr for (18-21 months not entirely sure how long) sounds very attractive to me, not to mention the $0 annual fee. I realistically don’t plan on using this card after the 0% intro apr is over. I really don’t want to pull the money out of my savings all at once, so paying over time with no interest sounds like a great idea. Is this the right card for me? A”

“Get a zero apr balance transfer card. You should try to pay 0% interest if possible”

“could they take away credit on the 0% APR card itself? while I'm actively using it or something. or is that impossible given I'm using the credit. if you're using the credit how could they even take your credit away lol”

“I'm not going to say it's impossible, because it's all up to the banks' risk management algorithms, but I think it's unlikely especially given you have low limits already. In my experience banks rarely take adverse action just because you had a high balance on another card. It's usually that in combination with other factors, like missing payments or paying interest on that bank's card(s).”

“I want to put a large down payment on a car with a 0% APR card. I'm starting my job as a physician so I'll be able to pay it off within the 15 month period for sure. they'll charge me 3% to use the credit card but I get 1.25% back and it's a lot better than the 6-7% or whatever APR they're giving me for financing. the dealership told me I can put as much as I want on a credit card if I put as much as I want down with this 0% APR card I will be using the majority of my credit”

“Might be worth just putting one in a drawer and setting a cheap reoccurring subscription and automatic payment so it doesn’t close. I suppose the additional credit limit would help your utilization but you gotta treat that card like it almost doesn’t exist”

“Saving to purchase first house at 21 and had accumulated fair bit of debt while away first time working on the road. I maxed out my card at 10k on hotels, food, gas, bars (I know stupid) in 2 months so I applied for a balance transfer card through discover to keep my money in my bank for my down payment. Got a text saying Discover needed additional information which the link did not work. I completely abandoned that card and applied for US bank shield to transfer that debt to another 0% card whi”

“I have the Citi AA Advantage Globe card and have used it for the last 4 years with no late payments, $9300 limit, been very happy with it. I applied for the Citi Double Cash card because of the 0% balance transfer for 18 months. They required me to provide my IRS form to verify income before approving me, they did the same to my girlfriend so I didn't think too much of it, but when they did finally approve me, it was only for $500. I found that insulting, Credit One would have approved me fo”

“Spouse and I are working hard to pay off debt. We have only ever had 1 cc, but last year we took on another in order to get a balance transfer 0% interest. We have now paid off our prior cc completely, and have about $10K left on the new card. We have about $25K on our HELOC @ 12%. I’d like to get another card in order to pay down the HELOC and then start chipping away at the cards with 0% interest. We have a plan to get it all paid off in 12 mos, so I am comfortable taking on another card for t”

“I believe you are incorrect and must have not understood the customer service rep. There will be a minimum payment due. No matter what. You miss those payments and you probably lose the 0% promotion, be in default, and will be reported to the bureaus.”

“Typically you need to make some payment each month or else you'll be smacked with deferred interest. And also yes having a large balance will absolutely impact your credit score. If you only have 1 reported line of credit and it's at 100% utilization it's not good.”

“The thing is, I had planned to pay the minimum balance so I enrolled in auto pay, but there was a glitch and autopay apparently was not set up. This is how the situation came to be because I noticed there were no interest fees charged my account despite not making any payments so that I called Citi and asked why. They said there would never be any interest fees at all for the next 11 months even if I don’t pay the minimum so my question is more what are the other negative effects if I don’t even”

“This is one of those areas where you need to read/listen carefully... they confirmed that there will be no penalty for not paying off my credit card for the next 11 months Assuming you're in some promotional period where there is 0% interest (pretty common), then yes, it is perfectly fine to not pay it off before the 12 months (or whatever time period the promotion is set for). However , you will still have a minimum monthly payment that needs to be paid. Not the entire balance, of course, b”

“Hello, I recently got a Citi simplicity card after finding out that it offers 0% APR for 12 months. Being a graduate student I recently found myself in a really difficult financial situation and it would be really helpful for me to not have to pay off my credit card for about a year. I have talked to Citi and they confirmed that there will be no penalty for not paying off my credit card for the next 11 months but they couldn’t tell me if my credit score will be affected or any other negative ext”

“Citi Simplicity card. Very easy to do the transfers to, on account of their really intuitive UI. And the 0% APR window was like 14 or 15 months, when I got mine. Check it out, see if it works for your situation.”

“I opened my first credit card about 2 years ago and the first year I maintained little to no balance and paid on time every month. At about the 1 year mark I hit a rough spot and I almost maxed out my credit card 90%+. For the past year I’ve been maxing minimum payments and not made much progress. I am now in a situation where I can pay off the full balance at once. I’ve heard of being able to call your bank and do a history reset in utilization. I was wondering if that is true with capital one.”

“So I had a completely different idea about how the interest works on a balance transfer if not paid off by the end of the 0% interest timeframe. I thought I was going to get retroactive interest from day 1 if I didn’t pay it off. I was in a panic to get an amount from a previous balance transfer paid.”

“I am looking for a card that I can use for a balance transfer ASAP. A lot of them seem to require having the physical card and or having the account open for so many days. Is there one that the balance transfer starts when you apply and are approved? Credit is excellent but just want to get the no interest option. submitted by /u/Significant_Routine9 [link] [comments]”

“Is WF Reflect the best card for the longest interest free period? I want to finance my hair transplant on a credit card and take as long as possible to pay it off. After the 21 months, should I do a balance transfer? How can I avoid the balance transfer fee? Please and thank you! submitted by /u/gingerauditor [link] [comments]”

“I have the tuition money saved up in the 529 for my kid. In order to hit the sub for a new credit card I signed, I’m thinking of putting a semester’s tuition on the credit card, turn around and transfer from 529 to bank and turn around and pay the credit card in full. If I have the University Bursar statement and the amount paid matches the amount withdrawn from the 529, is there something else that I should think about? Let me know your thoughts. submitted by /u/csriram [link]”

“Yeah as long as you can make the payments it sounds like you have a solid plan.”

“Hi everyone. Long story short, I’ve got about $7,000 in credit card debt I’m trying to pay off but the interest is killing me. With that balance I’m charged about $190 a month in interest, so it seems my monthly payment I make usually is just a wash and I’m never actually knocking down the balance. I’ve done a little research online and I’m seeing some advice about transferring my balance over to another credit card that has a $0 interest for X amount of months. What are your suggestions? I’ve s”

“You need one or more cards to handle that, for at least 15 months. BoA has 0% APR on the CCR and UCR for 15 months. Your other choices I know of are US Bank Shield (21 mo) and Wells Fargo Reflect (21 mo). Hopefully some combination of these cards will satisfy your $60K balance and you can get approved! Good luck!”

“I have ~60k of credit card debt on my BoFA Cash Rewards card. I will pay it off 4k/month at a time but I don't want to get eaten alive by interest. What's the best card for me to do a balance transfer to, and how do I even go about that process? I saw this on the "useful links": https://www.creditcards.com/cardmatch/ is that what I need to do? Sorry for the basic question. submitted by /u/qwdqwdqwdw [link] [comments]”

“I have an upcoming $20k purchase for my daughter’s college plan (529), they accept credit cards with a 1.8% fee. Which card gives me the most benefit for taking advantage of this? For reference, last time (last year) I opened the fidelity card (2%) with 0% for 12 months, kept the $20k in an HYSA, and made minimum payments until promo expiration. Is there a better card offer that may be even more profitable? Credit score 740, but can shoot up past 800 if I pay down the fidelity card in full right”

Dang good catch. That would be nice.

“The Chase Freedoms - Unlimited for sure but I think the Flex too, offer 15 months 0%. Depending on your repayment schedule, that might be more desirable as you'll also be picking up points in the process.”

“B of a Custom cash card has 0 interest for 15 mos I believe, and 6% interest on your chosen category for the first year.”

“There was no balance transfer involved. As soon as our offer was accepted for our home and escrow process started, I applied for two 0% intro APR cards (chase freedom unlimited and I think capital one quicksilver). By the time we moved in, I had both cards in my hand already. Because chase gave a $20k like for the FU card, I didn't even need the quicksilver. Went on a shopping spree and put all large purchase spend on the FU card. Paid only the minimum amount required each month until the 0%”

“At least with chase you can move around credit limits so you're not perma-screwed”

“Looking for a 0% balance-transfer card for approximately $21,400 currently on a Citi card. I need roughly a $22,500–$23,000 limit after the 5% fee. 21 month term is ideal. FICO: approximately 790 Household income: approximately $180,000 Total revolving balances: approximately $58,000 Total revolving limits: approximately $113,000 Overall utilization: approximately 51% Highest individual-card utilization: approximately 73% Current cards have limits up to $50,000 No existing relationship with Well”

“As the title says, looking to get a decent 0% credit card since the wife and I are moving and will be buying new furniture. We have money but would love to pay it off slowly to free up cash for other stuff or just in case. Cards that I’m seeing with longest 0% Wells Fargo- 21mos Us bank- 21mos Can anyone recommend anything else? I looked online at US Bank and see that they don’t give out high limits on CCs. I also was thinking the Chase Freedom unlimited but have both the unlimited and flex so i”

“I am impoverished, but I have excellent credit (790) because I pay my (small) balances off in full each month. I just learned about balance transfers today. For the past two months I've been having medical emergencies not covered by my insurance, now on my cards. The first one is $1800, and on one credit card. The other is also $1800, on a different card. The first one is due 7/27 and I'm wondering if I have enough time to open a new card and do a balance transfer? But when they say that”

“Get a new card and roll the balance. Pay it off in 12 months. Do not pay them interest. Thanks for the warning.”

“Before you look for a new card, see if any of your cards are offering a Balance Transfer special right now! I get them (0% APR for 10/12/14/18 months, plus 3-5% transfer fee) all the time with the Elan Visa card I have, and an open offer with my Wells Fargo Autograph card currently (0% APR for 12 months).”

“After you raise your credit score and get cards with no annual fees do you close out your other cards that charge a monthly or yearly fee and how do you do it without affecting your credit score? TIA! submitted by /u/Big-Put-8862 [link] [comments]”

“I’m a bit stuck on what to do and hopefully this is the right subreddit to ask this on. I currently have 3 credit cards that I cycle through. I recently paid off my car and my credit took a hit so a friend of mine recommended that I add another credit card (American Express) to my credit accounts due to their beneficial perks. I am a bit worried of having 4 credit accounts and not the most knowledgeable of how the credit system actually works. My question is. Is it beneficial to create another c”

“I was approved for a 15 month 0% APR on the business triple cashback, then they started charging interest at 12 months, deny the 15 month offer despite it still being on public blogs. This has happened twice so seems like others have likely been affected. So far I’m multiple escalations in and it’s the same clown show with everyone. 2026 Business model 🙈 submitted by /u/salfora [link] [comments]”

“The important difference is the transfer fee which is usually not as clearly advertised as the 0% time period.”

“What are the best cards for balance transfers with no fees and 0% apr or the lowest? I have a capital one card that I’m trying to transfer balance on better card. submitted by /u/Cheap_Ad838 [link] [comments]”

“It would have a prominent effect on their credit score for that month, but utilization is a shallow metric and has no memory, so if you just AZEO (pay all but one card down to zero before statement close) for the next month then the effect would be completely undone. Can also just ask for a CLI on an existing card account”

“I used Rebal AI to calculate savings on the exact amount and see what cards have the best savings.”

“My tuition for fall semester is about $4100. I currently have 0 debt, about 30k saved up in a HYSA excluding retirement, and I graduate in spring. I was thinking to get a credit card with 0% APR and pay it off before the intro offer expires so I wouldn’t deal with a student loan and the crazy high interest rates they have. Is this a bad idea? Firstly my credit is good enough (almost 800 score with paid off car loan) that I think I have a strong chance of approval for a simple Chase card like tha”

Discover BT card is 0% for 15 months: https://www.discover.com/credit-cards/balance-transfer-credit-cards/ However I just read more about it and looks like it’s not as easy to have them cut you a check to your…

“You could, I suppose, apply for a personal loan for $10,000. Then apply for a 0% card. Use the balance transfer to pay off the personal loan, and then stick the $10K in a HYSA. Not a ton of work, but I would think, at best, you would net $400 assuming you paid off the card in 12 months. Be a lot easier to open up two cards with $200 SUBs.”

“I'm looking to do a balance-transfer to a card with a 0% APR offer, and wanted to run my plan by people here just to try and make sure I'm going about it the right way— I'm currently carrying a balance on my Apple Card that is over 30% of my total credit limit, and I'm looking to do a balance transfer to a Citi Diamond Preferred card to help with paying it down. I haven't used Citi before, and haven't applied for the card yet, but don't foresee issues with getting the”

“Or are there still cards that offer a 3% transfer fee with 0% interest? submitted by /u/c4dreams [link] [comments]”