Yesterday, I shared with everyone my experience with learning that you could shift credit limits around when you have cards issued by the same parent company. During the same call, I was given an offer of 3.9% for the life of the balance transfer. Very good deal, but I decided to wait a bit before deciding. I am glad I did.
The 0% balance transfer credit card that I applied for called me yesterday. Now, there aren’t to many zero percent offers out there, so I applied for one with the same parent company as the other two cards I discussed yesterday. They said I was approved, but I had maxed out my available credit. What they could do is give me a card with a $500 limit. Or, they could take some of the credit limit I had from my one card and transfer it to the new card.
First thing out of my mouth after she said that…”And then I can use the zero percent balance transfer offer using the credit I just transferred over?”
She said yes!
I went through a little bit of deja vu with asking this operator similar questions as the one from the other day. But I had to make sure I wasn’t going to get in trouble with this deal and not be able to take advantage of it. I decided to go ahead and transfer over some of my credit limit.
I now have the ability to get all of our credit card debt at zero percent for a year. I haven’t decided yet whether I will transfer all of our credit card debt or just a portion. I still have the 3.9% for life offer available. A lot of my decision will be based on some news that I am waiting on. Hopefully I will hear about that no later than next week.
This call brought about an interesting conversation I had with a customer service rep. I’ll share what I learned with you tomorrow. I ran out of time to finish it tonight.
EDIT: I may not have been clear when I let everyone in on what is happening with the 3.9% offer. That card does not have an existing balance. None of the cards that I am discussing right now have one, because I shifted all debt to one of my husband’s cards almost two months ago. It’s sitting there at 9.9%, except for about half that is at 5.9%. Sorry for the confusion.