Comments on: I have a new 0% credit card

By: 0 Interest Credit Card Deals

0 Interest Credit Card Deals — Mon, 26 Jan 2009 19:07:45 +0000

[...] I have a new 0% credit card [...]

By: Sunday Money Roundup - Frugal In Winter In The High Desert. | My Two Dollars

Sun, 11 Jan 2009 14:01:46 +0000

[...] Little By Little dips his toes into a 0% interest credit card. Go see what he is using it [...]

By: Weekly Round Up: Support Your Friends — Green Panda Treehouse

Weekly Round Up: Support Your Friends — Green Panda Treehouse — Sat, 10 Jan 2009 20:00:40 +0000

[...] I have a new 0% credit card [...]

By: Gypsie

Gypsie — Sat, 10 Jan 2009 02:04:11 +0000

I am a huge fan of DiscoverCard! As Alison above said, the couple of times I accidentily had a late payment, they waived the fee without a problem.

Also, I had my Discovercard account number stolen once. The thief charged more than my limit on my card and Discovercard was quick to help. Not only did they remove the damages the thief had charged but they also removed the over limit fee I incurred. They did this immediately before they started the investigation. AS promised, 90 days later I recieved a copy of their investigation. They found that the card number had been used with an incorrect expiration date. They also walked me through all of the steps that I needed to do to ensure all authorities were notified and helped set up the fraud alert on my credit reports.

By: Evelyn

Evelyn — Thu, 08 Jan 2009 06:55:53 +0000

I have heard the late Larry Burkett of Crown Financial Ministries tell people to move their high interest credit cards to low interest credit cards and to cut them up as you did. Larry would tell them to keep moving the money to new credit cards if they had not paid off the credit payment. But he always told them to agressively pay off the debt. You are doing the right thing!

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Thu, 08 Jan 2009 05:53:47 +0000

This probably excludes you, but if American consumers in general would apply as much time and effort towards paying off their debts as they did thinking and scheming to find the best credit card deals, we could put a lot of these obnoxious credit card companies out of business and into more productive activities. Indeed, if it weren’t for credit card and FICO score obsession, half the PF bloggers (again not you) wouldn’t have anything to say.

By: debtmaven

debtmaven — Thu, 08 Jan 2009 05:21:29 +0000

Good for you, move move move. Don’t give that crappy bank any more undeserved money. They definitely sound like crooks!

I just got the same card for the same reason. I have a Line of Credit loan with Wells Fargo and they just raised the rate about 2% (still only 10% now). The only way to opt-out is to pay it off in full, which I couldn’t do. I am going to transfer about a third of my remaining balance to Discover (they would only give me a 5K balance) this week as I just got my card. There’s a 3% transfer fee, but still, a year without interest is worth it in the end.

Best of luck!

By: Alison@This Wasn't In The Plan

Alison@This Wasn't In The Plan — Thu, 08 Jan 2009 05:20:47 +0000

Just wanted to let you know that two times we’ve accidentally paid our Discover card bill late and they’ve gladly refunded any fees since we otherwise have a good history with them – in other words pretty much the opposite of BofA.

By: Mr. Imperfect

Mr. Imperfect — Thu, 08 Jan 2009 03:25:57 +0000

I think it would be a great idea to have some 0% card offers listed. We are also fans of the Dave Ramsey plan, and are currently on step two. As far as not having credit cards…if you can keep them in your pocket, not a problem. Case in point, a $1000 emergency fund will not cover a $3500 new roof when it starts to leak. I see no problem using credit cards for real emergencies, and if you are going to use one have one with a 0% interest rate:)

Have a great day!

By: glblguy

glblguy — Wed, 07 Jan 2009 21:43:06 +0000

@Green Panda – Yep, got the fish design! I wanted to keep it as I thought the picture was great and I love clownfish, but didn’t trust myself enough yet to keep it around, so cut it up.

@Jeff – 0% until February 2010. Fully intend to have it paid off by then I hope.

@Gina – Thanks for the feedback Gina, and yes I do get a referral fee.

@Travis – Remnants of the debt days where I used credit cards like they were going out of style. It’s the last one I have, and I can’t pay it off soon enough!

@NoDebtPlan – Thought about that as I was writing the article actually. I’ll look into that. This whole thing of applying for credit cards makes me a nervous wreck!

@Catherine – I agree, but proving it is far more difficult.

Thanks for all the feedback and encouragement. I’ll get some 0% offers up soon.