Skip to main content

Zero Percent Credit Card Offers

 There are several fine print qualifiers on the Zero Percent Credit Card Offers.  With good credit in time you will get a lot of these offers.

With a brand new card with a Zero Percent Offer you will be able to write a check or charge items on your card to start the Zero Percent Offer.    

Usually there will be a three percent origination fee if you choose to write a check.  Sometimes if you charge the amount you are going to get the Zero Percent loan on you will not have to pay the three percent fee.  Three percent is not Zero Interest but what can you do?

Small Business Using Zero Percent Credit Card Offers

When I owned a small business, several times I used these Zero Percent Offers to buy inventory.  I had set up auto-pay so the payments were always made on time.  I also kept the offer from the credit card company in a file.  I would write down the date I received the offer and the date I used it.  I would track the terms of the loan and when I would have to pay it off to make sure I was not paying interest.

Keep Track of your Zero Percent Credit Card Offer

Several times I was promised 15 months no interest and after 9 months they would start charging me interest.  This is so common that I believe it is intentional.  Be sure to document the start and promised end of the Zero Percent Offer when you get it.  

Every time they incorrectly tried to start charging me interest I called them up to correct it.  I never had a problem, customer service always took care of me.  

I always approached the customer service agent very nicely.  "There seems to be a mix up with my account.  Can you help me with this?"   I have the offer from this date and I was supposed to get interest free until this date.


Labels:

Comments

Post a Comment

Popular posts from this blog

New Account Notification

I have four different Free ways to be notified of a new account being opened in my name on my Social Security number.  This is the critical notification that your Identity is being stolen if you did not just open a new credit line. My Discover card, Credit Karma, Chase Bank, and Credit Sesame accounts all notify me if there has been a new account opened in my name with my Social Security number.   New Credit Account I recently opened a new Home Depot* credit card.  You know those Black Friday tool sales sucked me in again.  I do it almost every year.   Anyway right on time the next day and the day after I opened a new account I was notified by Credit Karma, Discover, Chase Bank, and Credit Sessame. Why This is Important Any time your credit is checked you need to be notified.  If you did not apply for new credit it is likely to mean someone is attempting to STEAL Your Identity.   The first step in Identity Theft is for the thief to apply...
Post a Comment
Read more

Dealing with Customer Service Successfully

Always Be Nice to Customer Service Customer Service Agents are able to help you if you're nice to them and hurt you if you're not. I was never taught how to deal with Customer Service.  However my Mother always taught me to be a Gentleman. Customer Service on the Phone I am always extremely nice and courteous to customer service. They have a very tough job because so many people yell at them and treat them horribly.  So many customers, especially of banks or credit cards, make a mistake but won't accept responsibility for their mistake. The customers want to blame the bank for the missed payment.  My dog ate my statement so I didn’t pay my bill. My rule of thumb is always be extremely nice to customer service. They're just doing their job and it is a tough one. They can certainly help if you are nice to them. Customer Service Tracks You Many Customer Service agents are able to make notes on your account. If you are particularly mean during an interaction they will ...
Post a Comment
Read more

What Caused My Credit Score to Drop?

The most common reasons for a credit score drop is a missed payment, a new line of credit, a credit card removed, or an increased use of your credit.    A missed payment will have a significant and lasting effect on your credit score.  I had an 810 credit score and I missed a payment on my Lowes card.  I did not realize I had a bill with them.  The bill was under $50. I realized I had not made the payment when it showed up as a negative on my Credit Karma credit score.  It dropped my well aged with over 800 credit score by over 90 points.  Check this article on how I was able to get the Lowes negative removed.???** A new line of credit like a new credit card will lower your credit score.  Depending on how much credit history you have, a new line of credit will lower your score by ten to thirty points.  Increasing your debt with a major purchase on your credit card or a new car loan, will also lower your credit score.  A friend of mine ...
Post a Comment
Read more