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My husband and I are retired and living very frugally. A year ago we had no choice but to put on a new roof and no savings to pay for it out right. So we have a credit card, with a balance of $4000 that is no interest for a year and we are slowly paying it down. (not using it) It will not be paid off in April when the 12 months is up. I have been reading where people in order not to pay interest on credit cards balance transfer the balance to another card after the time is up. To me giving the credit card companies all the interest is just spinning your wheels and you get no where.
Now for my question. Years ago Chase sent us a Chase Slate card in my husband's name. We don't use it. However from all my searching this card it seems to be the ticket for zero percent interest for 15 month with a zero percent balance transfer.
Since the card we have is in my husband's name and I am an authorized user could I apply for a slate in my name? Our credit score is over 815 so getting a credit card wouldn't be difficult but can I get this one?
There is another one I saw that is 21 months with citybank. Does anyone know anything about this card?
Yes, you can apply for a Chase Slate in your own name. You also might consider calling them and asking if they will extend the no balance transfer fee offer to you. Even though it is supposed to be for new accounts only, since you have had the account for years but don't use it, they may be willing to waive the balance transfer fee. It doesn't hurt to ask.
The Citibank card is fine but does the offer include a balance transfer fee? Avoid paying those if at all possible.
Yes, you can apply for a Chase Slate in your own name. You also might consider calling them and asking if they will extend the no balance transfer fee offer to you. Even though it is supposed to be for new accounts only, since you have had the account for years but don't use it, they may be willing to waive the balance transfer fee. It doesn't hurt to ask.
The Citibank card is fine but does the offer include a balance transfer fee? Avoid paying those if at all possible.
Another good card is the Discover it card. Once you apply the card has unlimited balance transfers with no specific timelines for you to apply. Every month when I check my balance I have two offers. 0% for 12 months with 3% transfer fee or 4.99% for 18 months with no fee.
A person could apply for Chase slate and then transfer over to the Discover IT card and pay very little interest over a 3 year period.
Will Chase allow you to balance transfer from Chase to Chase? I wouldn't think so?
Another good card is the Discover it card. Once you apply the card has unlimited balance transfers with no specific timelines for you to apply. Every month when I check my balance I have two offers. 0% for 12 months with 3% transfer fee or 4.99% for 18 months with no fee.
A person could apply for Chase slate and then transfer over to the Discover IT card and pay very little interest over a 3 year period.
Will Chase allow you to balance transfer from Chase to Chase? I wouldn't think so?
No, they won't. But you could go from Chase to Discove and then back to Chase again.
Oh my goodness your not kidding. Originally in order to even get the money to pay the roofers I had to do a switcharoo. Cash advanced from Discover (heavens those fees ) then balanced transferred the amount to our new 5/3 card and another fee Ended up giving these cards at least $300 by the time I was finished.
Quote:
Originally Posted by UntilTheNDofTimE
Another good card is the Discover it card. Once you apply the card has unlimited balance transfers with no specific timelines for you to apply. Every month when I check my balance I have two offers. 0% for 12 months with 3% transfer fee or 4.99% for 18 months with no fee.
A person could apply for Chase slate and then transfer over to the Discover IT card and pay very little interest over a 3 year period.
Will Chase allow you to balance transfer from Chase to Chase? I wouldn't think so?
Interesting about the Discover IT card. Will have to check that one too. The Chase slate we already have has never been used in the 6 years we have had it.
Also I am trying to get my adult children to listen to me about high interest rates on their credit cards. Totally stupid to be giving them all that money when it isn't necessary.
So how many cards do you have already total. And what balances are on them?
How soon are you talking about paying off the 4K...is it worth it to go through all this if the balance will be paid off in 3 months?
You said you have a Discover card -- which is the card you got the advance on.
But then you also have a 5/3 card. that you transferred the balance to. What's that?
PLUS the Slate card in your husbands' name....(which you've never used in 6 years)
So...does this mean you have THREE cards. But only a balance on one, if so which one?
Also if you haven't used the Slate card is SIX years are you sure it's even still open, and activated?
Many, if not most card companies don't let cards stay completely dormant for that long.
1) decide whether you want to apply for a new cards, or just get the best deal you can with one of the other cards you already have:
-- You could see if a card you already have will waive a transfer fee, AND give you the zero % you want. But they may not do BOTH. Because quite frankly if they do that, what's in it for them. They see you never use the card. Yet you call and want no transfer fee and zero percent interest.
-- IF you apply for a new card, I've found that credit unions have some good deals.
-- as for Bank cards -- just go online and see who has the best offers.
So how many cards do you have already total. And what balances are on them?
How soon are you talking about paying off the 4K...is it worth it to go through all this if the balance will be paid off in 3 months?
You said you have a Discover card -- which is the card you got the advance on.
But then you also have a 5/3 card. that you transferred the balance to. What's that?
PLUS the Slate card in your husbands' name....(which you've never used in 6 years)
So...does this mean you have THREE cards. But only a balance on one, if so which one?
Also if you haven't used the Slate card is SIX years are you sure it's even still open, and activated?
Many, if not most card companies don't let cards stay completely dormant for that long.
1) decide whether you want to apply for a new cards, or just get the best deal you can with one of the other cards you already have:
-- You could see if a card you already have will waive a transfer fee, AND give you the zero % you want. But they may not do BOTH. Because quite frankly if they do that, what's in it for them. They see you never use the card. Yet you call and want no transfer fee and zero percent interest.
-- IF you apply for a new card, I've found that credit unions have some good deals.
-- as for Bank cards -- just go online and see who has the best offers.
We have so many credit cards your head would spin, all with a zero balance except for the 5/3 card. Yes the Slate card is still activated and open. We have never closed any credit cards as I read that if you close them it effects your credit score. I called the Slate card number on the back when looking into a zero balance card and they said no. But it might be because we never use it. Didn't see any good deals on credit union cards as my Dad is huge on credit unions.
We have so many credit cards your head would spin,
Then personally I wouldn't open another card just to get 0%, Id just get the best deal I could among the cards I already have.
But that's just me. Clearly, you don't have a problem with have a ridiculous number of cards, so go ahead and open another one, why don't you.
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) then balanced transferred the amount to our new 5/3 card and another fee 
