Comments on: Chase Balance Transfer Offer

By: Mr Credit Card

Mr Credit Card — Tue, 19 Jan 2010 20:13:11 +0000

it really depends on how much credit line they give you.

By: Diana Dockham

Diana Dockham — Tue, 19 Jan 2010 19:52:02 +0000

Is there a maximum amount I can transfer to my Visa Slate card?
I want to pay off another credit card that is charging me a high rate.
Thank you

By: Leonda Patrick

Leonda Patrick — Wed, 13 Jan 2010 21:19:23 +0000

Please discontinue sending me blank checks I do not use them. Thanking you in advance

Leonda Patrick

By: Nancy

Nancy — Mon, 27 Jul 2009 22:11:09 +0000

Friday I got a letter from Chase telling me that my credit card had been cancelled… I was never over the limit, never missed a payment, always paid way more than the minimum. When the account was opened under WAMU the rate was 9.9%, Chase raised it to 27% over the past year. I had already paid the card off, but this was the final straw. I called Chase and asked them to at least note with the credit bureaus that the card was closed by consumer instead of lender to keep my credit rating from taking a hit, first they said I had to call Experian, then I was told I had to reopen an account (after sending them a copy of my credit report!) so I could close it. Really brilliant plan there! I am so angry now I could chew nails. Unfortunately, they also hold my mortgage so I can’t tell them to totally kiss off like I’d like to! Never, ever do business with these crooks.

By: JeanJ

JeanJ — Tue, 16 Jun 2009 15:39:33 +0000

I also received one of these offers in the mail. I want to use it to pay off all my credit card debts. I plan to make a check of 5.99% apr in my name of the total balance I have of all my credit cards and then send about $300 payments a month to this card. Because I pay so much in interest I figured it would be better to pay interest to one card than to five.I this a good idea? Any suggestions?

By: Linda Giacobbe

Linda Giacobbe — Sat, 06 Jun 2009 01:30:50 +0000

DC-
Whatever you plan, DO NOT use one of these Chase checks. I did, and that is when they lowered my limits on four cards to just about what I owed, except for the 0 balance card-it went fron $17,000 to $500 just like that-and the check I had deposited into my my checking account bounced! I plan to pay them off and NEVER use them again! They have RUINED my credit, causing a cascading of credit limit decreases, despite a FICO in excess of 720 to God knows what. The economy today is what it is-we all know that. I’m stuck with two houses-YIPPIE-but still have not missed or been late with any payments on anything. I’m tanked, nevertheless. Can’t buy anything. Great for the economy-right? It all sucks. I’m on cash basis for the remainder of my life-

By: DC

DC — Thu, 02 Apr 2009 02:48:41 +0000

Maybe you can help. I have a question/problem. I have a Chase card, maxed out, sadly, to $20k. I get these promo checks from time to time. With my interest rate, I’m paying about $260/mo in interest. I always, always make my payments on time, but I’m just barely staying afloat.

However, I have enough money in a newly liquidated account to pay off the entire balance. That money is to be used as a down payment on a house, sometime in the next several months. My “idea” is to pay off my balance, and then a day or two later, use one of the promo checks (namely the 5% APR unitl Feb 2011), to give me back that money to use for my house down payment. Thereby saving me about $200/mo in interest payments. That could help me lower my balance if the money is going towards my principle and not interest.

My worry is that, in the fine print they say that they reserve the right to decline: “Under certain circumstances (for example, if your account is past due or over limit, or if we reasonable believe that you will be unable or unwilling to repay the balance or as described in your Cardmember Agreement), we may decline to process your transaction, in which case, you will be notified.

Basically, if they decide to cut my limit, or not allow this check, or whatever, I would have my balance paid off, but I’d be unable to buy the house I’m trying to buy.

Any thoughts? Does your inside guy have any thoughts about this? I know it’s a bit un-orthodox. Thanks.

By: Dave B.

Dave B. — Mon, 02 Mar 2009 22:16:02 +0000

Have a Chase CC. Took advantage of low interet promotional rates. Never missed a payment….always paid more than minimum. February 09′ Chase raised minimum payment from 2 to 5% and added $10/month service charge??? Nice way to reward a good customer. Will pay off account and never do business with Chase again…ever.

By: Single Guy Money

Single Guy Money — Mon, 16 Feb 2009 20:49:45 +0000

I received one of those offers from my Chase card too. I have a zero balance and I haven’t used the card in awhile so I guess this is my incentive from them to use it.

I don’t plan on using it but I love the way they make it sound like they are GIVING you money to use like you never have to pay it back.