1.99% for life MBNA MC or MBNA 0% interest Mastercard for 15 months or CITI 0%

[angel_wing0]

citi just keeps finding reason to deny my application because i already have 2 cards with them...screw them i m not going for it.

[nitro0610]

[QUOTE=xtr_trek;8003478]Also confirming that the 1.99 for life no longer works.
QUOTE]



Actually the 1.99% for life still works!! I applied using the code "CEAN" and it got me approved for $15,000 no prob!! I got it in the mail in 6 business days so don't even have to pay express $10!!

The problem I'm having is that when I tried to get my credit limit increase, they rejected me saying that the only thing they can do is transfer the credit limit from my previous card....but that's only $6,500 since I got it when I was a student from ages ago!!

I'm trying to get at least another $10,000 increase but they just won't budge!! Should I try again at a later time or is there another effective way of asking for credit increase???

anyone with any suggestions??? thanks!!!

[boyoflondon]

citi just keeps finding reason to deny my application because i already have 2 cards with them...screw them i m not going for it.


I love this way of thinking ... you got denied for a reason and there is a solid reason behind it ;)

[Ryvius]

Applied yesterday with the 15 months code, but they said they couldn't get me the deal any more and gave me the 12 months one. They said 0% for balance transfer and cash advance, but 17.99% for purchases, is this still the same as the 15 months one except 3 months shorter?

[MaximDude]

Applied yesterday with the 15 months code, but they said they couldn't get me the deal any more and gave me the 12 months one. They said 0% for balance transfer and cash advance, but 17.99% for purchases, is this still the same as the 15 months one except 3 months shorter?

Yes same deal except 3 months shorter. I would love to just buy with my MBNA card and get 0% on the purchases, but they only do it for balance transfers. So I'm forced to buy with another credit card and then transfer the balance over to the MBNA card and get charged the 1% transfer fee.

[angel_wing0]

I love this way of thinking ... you got denied for a reason and there is a solid reason behind it ;)

Thinking? Who said I was thinking? thats what they told me. :| =p

First time it was the 6 month application limit, and now this. If not for the petro MC, I'll probably cancel my both cards with them.

[pooyaj]

I just applied with 1877 428 6060 and BODX code with MBNA.

Let's see if I get approved and for how much.

I got 12 Months with 1% transfer fee. I am going to see if I can get that reduced once approved for a onetime transfer.

[vinottawa]

I have a question.. I just renewed my NBNA 0% loan and my CITI Loan expired lat week and canceled the credit card. How do I renew my CITI for 12 months? the site shows that it's only valid until April 2009.

[sunnyd71]

Has anyone gotten the fee reduced or waived lately? I just tried and they would not budge at all. They would have let me cancel the card but I said I'll have to think about it now.

[m0cha]

Has anyone gotten the fee reduced or waived lately? I just tried and they would not budge at all. They would have let me cancel the card but I said I'll have to think about it now.

I also tried getting the balance transfer fee waived or reduced, without any luck.

[mcshame]

I just got my Citi card. Some questions before I activate it:

- Is it normal that it came with no referance to 0%, or any information about the transfer fee or any checks?
- Did anyone ever have success getting CITI down to 0.5%. I notice people have been able to get MBNA 0.5% but never noticed if anyone got CITI down. Will asking to cancel to card if I don't get it viable with CITI?
- for CITI, what is the monthly payment for a transfer, is it 2.1% or a flat $$ amount
- I just cancelled a Home Depot card that had a 10,000 limit and they are CITI. Should I be able to get them to raise the 7500 limit they gave me by at least that much?

Last question, what number can I call to find out the status of my MBNA card?

Thanks

[trixstar]

does Citi still have 0% on balance transfers??

[Halifax55]

Tried for the 1.99 over life of transfer balance...no luck, they would not replace either card I have with them...my MBNA travel card (never used) or the 3.99 on the life of balance transfers card I have...they certainly are not willing to budge...Called back got a credit specialist who would only give me 0 percent interest for 10 months (turns out to not quite be 10 months) he said we are no longer doing this or doing that as we have before if you are a current customer.

He left the travel card as is (12.99 interest) and added the 0 percent on balance transfers to that card, he pushed and pushed for me to take the whole amount in a balance transfer and said use it for whatever you want...they hope you will mess up and then end up paying the a high rate of interest. Oh well!

Can I apply again before October rolls around? I guess it depends on how the economy rolls out?

[vinottawa]

- for CITI, what is the monthly payment for a transfer, is it 2.1% or a flat $$ amount

It is around 2% or so, when I got my card last year my payments started at around $230 on a $12,000 loan.

BTW, How did you apply for it? The site shows the 0% promotion to expire in April 2009.

[mcshame]

It is around 2% or so, when I got my card last year my payments started at around $230 on a $12,000 loan.

BTW, How did you apply for it? The site shows the 0% promotion to expire in April 2009.

It's seems it's 12 months from activation

[vinottawa]

When you say It's seems it's 12 months from activation, is this because you were told by CITI Bank or by this forum? And also, Did you apply online or by phone? The website seems to imply that it's only good until April 2009. :confused:

"Save money on purchases you've already made. Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009.".

[thedonald]

Sorry for being off topic...does anyone of a high interest paying account that provides cheques?

Thanks,

--TheDonald

[najibs]

Sorry for being off topic...does anyone of a high interest paying account that provides cheques?

Thanks,

--TheDonald

personal finance forum...

[mcshame]

Ok, just activated my card and the lady told me that I had a balance transfer deal of 0.0% until April 2009 :mad:. I told her it was my understanding it was a year from activation. She was new and past me to customer service. They told me there was no promotional information attached to the card, I would need to wait a couple of weeks for it to show up. They also told me that a credit increase is not permitted for 6 months. I advised them that I required it to be submitted now as the current amount was not sufficient as I had just cancelled a Home Depot card (it's thru Citi) and I wanted the amount of it's credit added to this one. She made the request and I'll hear more by end of next week.

Does this promotional balance transfer info not showing yet in the system for a couple of weeks make sense?

Am I calling the wrong number?!

[NewCougar]

I'm unsure what to do now. I currectly have a MBNA 0% card with ~$10,000 that will expire in Feb/09. Before this card, I had a Citi 0% card ... and before that another MBNA 0% card. I've just been switching back and forth between Citi and MBNA :) Only bad thing about that is I can never get a large limit right off the bat, and have to wait a few months and increase the limit then.

Now, I could pay off the MBNA 0% I currently have, apply for another MBNA 0% card (probably only getting a few small limit) and then combining the two credit limits into a large limit again. Then I'd transfer the balance back onto the MBNA 0% card for another 12-15 months.

Only problem is I don't have another card or line of credit big enough to transfer the $10,000 on to. I've been trying to be really good and pay off everything... so I've been lowering credit limits and cancelling empty cards. And, I don't want to apply for a line of credit with my bank to transfer the $10,000 for only a few days and then cancel it again... because I fear applying for so much credit will hurt my credit score.

Therefore, I'm thinking of trying for a 3.99% rate card for the life of the balance transfer. This is not a good as a 0% offer, but it beats having to juggle the balance around for the next 3 years it will take me to pay it off.

So, I guess my question is, would it be too risky to apply for a line of credit with my bank to pay off the MBNA card and then apply for another MBNA card? Would this hurt my crediy score too much?

Thanks everyone, I love this thread...

[angel_wing0]

Sorry for being off topic...does anyone of a high interest paying account that provides cheques?

Thanks,

--TheDonald

personal finance forum...

+1.

i'll pm u the answer anyway.

[iamdogdog]

For those who is thinking of applying the MBNA card recently, here is what I found.

1-888-876-6262 - do not call this number as they will say "BODX" is not available. I asked what are the current promotion right now and they said "NOTHING" :)

1-877-428-6060 - they will accept "BODX" but it will be a 12 months 0% instead of 15 months. 1% (not 0.5%) one time BT fees.

1-866-544-4104 - according to earlier posters, this number accept BODX for a 15 months period. However, this number is no longer in service.

Please let me know if you expereinced something different.

[mcshame]

Ok, just activated my card and the lady told me that I had a balance transfer deal of 0.0% until April 2009 :mad:. I told her it was my understanding it was a year from activation. She was new and past me to customer service. They told me there was no promotional information attached to the card, I would need to wait a couple of weeks for it to show up. They also told me that a credit increase is not permitted for 6 months. I advised them that I required it to be submitted now as the current amount was not sufficient as I had just cancelled a Home Depot card (it's thru Citi) and I wanted the amount of it's credit added to this one. She made the request and I'll hear more by end of next week.

Does this promotional balance transfer info not showing yet in the system for a couple of weeks make sense?

Am I calling the wrong number?!

Ahh, the difference a weekday makes... the agent looked into the the April 2009 at 0% and spoke to her manager. He reactivated the 0% 12 month code and applied it to my account. It starts ticking when I make the balance transfer, so all is well. Now I'm just waiting to see if the Home Depot $10,000 limit card I just cancelled can get applied to this card, I will know by Friday.

[vinottawa]

That's good to know.. I'm going to CITI right now and get the ball rolling..

[vinottawa]

I just got off the phone with CITI, I called the following number 1-888-899-1230. The agent said that the only offer they have is $0.9 until April 2009, He than suggested to check the internet at the following URL www.citicards.ca.

mcshame, What number did you call?♦

[xansmommy]

I'm unsure what to do now. I currectly have a MBNA 0% card with ~$10,000 that will expire in Feb/09. Before this card, I had a Citi 0% card ... and before that another MBNA 0% card. I've just been switching back and forth between Citi and MBNA :) Only bad thing about that is I can never get a large limit right off the bat, and have to wait a few months and increase the limit then.

Now, I could pay off the MBNA 0% I currently have, apply for another MBNA 0% card (probably only getting a few small limit) and then combining the two credit limits into a large limit again. Then I'd transfer the balance back onto the MBNA 0% card for another 12-15 months.

Only problem is I don't have another card or line of credit big enough to transfer the $10,000 on to. I've been trying to be really good and pay off everything... so I've been lowering credit limits and cancelling empty cards. And, I don't want to apply for a line of credit with my bank to transfer the $10,000 for only a few days and then cancel it again... because I fear applying for so much credit will hurt my credit score.

Therefore, I'm thinking of trying for a 3.99% rate card for the life of the balance transfer. This is not a good as a 0% offer, but it beats having to juggle the balance around for the next 3 years it will take me to pay it off.

So, I guess my question is, would it be too risky to apply for a line of credit with my bank to pay off the MBNA card and then apply for another MBNA card? Would this hurt my crediy score too much?

Thanks everyone, I love this thread...

Use the CEAN code and apply for the 1.99% for life.

Laura

[angel_wing0]

I just got off the phone with CITI, I called the following number 1-888-899-1230. The agent said that they only offer they have is $0.9 until April 2009, they then suggested to check the internet at www.citicards.ca.

mcshame, What number did you call?♦

u have to apply online.

[kav1]

I've just appied for the MBNA 0% for 12 based on the info on this tread. I've read after googling this deal that MBNA has a history of increasing interest rates significantly for no reason. Has anyone experienced this?

[vinottawa]

I just tried to apply online at the following URL:
- http://www.citicards.ca/canada/cards...ccess_code=V8G
I got the following error:
"We are unable to process your request at this time because of technical difficulties. Please try again later, or contact Citi MasterCard Customer Care at 1–800–387–1616, 24 hours a day, 7 days a week. "

I called the number to see if I could apply over the phone since the site is down but I was told I can't and that I should try to apply again another time.

[angel_wing0]

just apply later then...

[mcshame]

I just tried to apply online at the following URL:
- http://www.citicards.ca/canada/cards...ccess_code=V8G
I got the following error:
"We are unable to process your request at this time because of technical difficulties. Please try again later, or contact Citi MasterCard Customer Care at 1–800–387–1616, 24 hours a day, 7 days a week. "

I called the number to see if I could apply over the phone since the site is down but I was told I can't and that I should try to apply again another time.

I applied online, keep trying. Just make sure when you activate that you confirm it's 12 months at 0% for balance transfer. Do it during a weekday where there are managers around otherwise they will tell you it's only good until april 2009.

[tomtong]

Got a letter saying 0% only valid until Nov 2009. Will try it over the phone and clarify it's for 12 months from the date of BT.

[mcshame]

Ahh, the difference a weekday makes... the agent looked into the the April 2009 at 0% and spoke to her manager. He reactivated the 0% 12 month code and applied it to my account. It starts ticking when I make the balance transfer, so all is well. Now I'm just waiting to see if the Home Depot $10,000 limit card I just cancelled can get applied to this card, I will know by Friday.

More good news. Just called MBNA and they had an approval for my card but was being held to confirm my identity (phone number was in my wifes name).

$15,000 limit :) for the 0% transfer for 12 months. CITI gave me half of that (try to get it raised). Time to transfer part of my mortage over to the 2 cards. Thanks for the information.

[FindingDeals]

I wasn't so lucky. I just checked on my application from 3 weeks ago and they don't even have my application on file. After speaking to a very rude CSR, I was told that promotion was pulled in December "because it's on RedFlagDeals.com"...??!!

[sunnyd71]

I wasn't so lucky. I just checked on my application from 3 weeks ago and they don't even have my application on file. After speaking to a very rude CSR, I was told that promotion was pulled in December "because it's on RedFlagDeals.com"...??!!

They couldn't find mine either so I called the same application phone number, was routed to India and got a reference number from them. Then when I called back to canada they found it no problem.

I applied in early Jan so they still had it then.

[vinottawa]

So I just submitted my application successfully :D.. So... If I just canceled my old %0 CITI card two weeks ago that had a $15,000 limit, am I to expect the same limit with the new CITI card:?:

[angel_wing0]

I wasn't so lucky. I just checked on my application from 3 weeks ago and they don't even have my application on file. After speaking to a very rude CSR, I was told that promotion was pulled in December "because it's on RedFlagDeals.com"...??!!

the csr is a liar.

[flito ray]

I wasn't so lucky. I just checked on my application from 3 weeks ago and they don't even have my application on file. After speaking to a very rude CSR, I was told that promotion was pulled in December "because it's on RedFlagDeals.com"...??!!

it sound like you made that story up

[deal_king]

Ok- I'm a bit confused here about the benefit of using the 0% balance transfer.

Let's say you have a $10,000 mortgage at 6%. You get the credit card, and do a balance transfer. The balance transfer fee (1%) is $100.

Cost of Mortgage: Amortized over 10 years, the monthly payment would be $64.

Cost of Credit Card: The monthly payment would be the minimum monthly payment (2.5% of total balance) which is $250!

Most people can't afford to quadruple their monthly payment. So where's the benefit?

Even if you took the money and invested it, you'd still have to return 30% of the money owed within the first year. Can someone explain to me what I'm missing?

[gamovafan]

I want to get the MBNA 3.9% credit card. This sounds too good to be true, could someone tell me what the catch is?

I also owe $4000 on two other credit cards that charges 19% interest, so if I do a balance transfer that means that I'll owe the $4000 to MBNA and not the other two right?

Sorry if these questions were already asked, the thread is too long to go back.

[bubble.tea]

...
MBNA 3.99% interest rate for lifetime
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw...

I'm surprised nobody caught this.

bot, please update your post.

quoted from the website:
The Introductory AIR of 3.99% for Balance Transfers (including Cheque Cash Advances), Cash Advances and Purchases (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

See1 below for explanation.
Standard Rates (AIRs) Balance Transfers (including Cheque Cash Advances):
The Standard Rate is 19.99%.


1The Introductory AIR does not apply to Balance Transfers (including Cheque Cash Advances), Cash Advances, and Purchases that post to your Account more than 90 days after your Account opening (each, a "Non-Eligible Transaction"). The Standard (non-introductory) Rates will apply to all new and outstanding Non-Eligible Transactions unless they qualify for a separate promotional offer. If your payment is late or the Account balance is over the credit limit, the Standard (non-introductory) Rates applicable to Balance Transfers (including Cheque Cash Advances), Cash Advances and Purchases will be applied to all new and outstanding balances as of the first day of the billing cycle in which the payment was late or the balance exceeded the credit limit. We reserve the right to change the AIRs at our discretion in accordance with applicable law.

It is NOT 3.99% FOR THE LIFETIME OF THE CARD...it is for the LIFETIME OF THE BALANCE.

**CAUTION!!!**

[Hugh Jass]

Cost of Credit Card: The monthly payment would be the minimum monthly payment (2.5% of total balance) which is $250!







With MBNA it would be only $10 minimum payment.

[gamovafan]

I'm surprised nobody caught this.

bot, please update your post.

quoted from the website:


It is NOT 3.99% FOR THE LIFETIME OF THE CARD...it is for the LIFETIME OF THE BALANCE.

**CAUTION!!!**

Crap I need a credit card with low interest.

What about the 9.99% MBNA card? Any catch to this one?

[djino]

Ok- I'm a bit confused here about the benefit of using the 0% balance transfer.

Let's say you have a $10,000 mortgage at 6%. You get the credit card, and do a balance transfer. The balance transfer fee (1%) is $100.

Cost of Mortgage: Amortized over 10 years, the monthly payment would be $64.

Cost of Credit Card: The monthly payment would be the minimum monthly payment (2.5% of total balance) which is $250!

Most people can't afford to quadruple their monthly payment. So where's the benefit?

Even if you took the money and invested it, you'd still have to return 30% of the money owed within the first year. Can someone explain to me what I'm missing?

As the previous post says, with MBNA, your minimum monthly payment is Interest + $10.

Since the product in question is 0% for 15 months, then for 14 months your minimum monthly payment is $10 (1st month, its Interest + $10 + 1% BT Fee).

djino

[djino]

I want to get the MBNA 3.9% credit card. This sounds too good to be true, could someone tell me what the catch is?

The catch is, this is just a card to take care of your existing debt you transfer to it - this gets the 3.99% for life. Any purchases/cash advance (or any Balance Transfers after 90 Days) get the 17.99%+ attach to them.

If you are late on a payment, the entire balance is 17.99%+ moving forward. Same is if you go OVER your credit limit.

If you still need a credit card for every day purchases, DO NOT close your other credit card accounts (nor should you for the fact that this would still have a negative impact on your credit score).


I also owe $4000 on two other credit cards that charges 19% interest, so if I do a balance transfer that means that I'll owe the $4000 to MBNA and not the other two right?

Yes. Once your account is setup and activated. You can tell MBNA to transfer a balance (up to your credit limit) to any credit cards (or even Bank Accounts) in your Name. You can also request Cheques, if you wish to do it yourself (this way you can pay any account, even accounts NOT in your name).

Note: For every Balance Transfer you make, there is a 1% Balance Transfer Fee that is posted to your account immediately, and payable on your next statement.

If you read back in these threads, there are even better deals (2.99% and 1.99%) as oppossed to the 3.99%.

djino
"Goodluck"

[djino]

I'm surprised nobody caught this.

bot, please update your post.

quoted from the website:


It is NOT 3.99% FOR THE LIFETIME OF THE CARD...it is for the LIFETIME OF THE BALANCE.

**CAUTION!!!**

If you've read a number of my post in this thread (and in other MBNA Threads), this isn't new info.

I've posted countless times in this thread that its only for Balance Transfers posted to the account within the first 90 Days. These balances get the promo for the life of the balance (ie, until its paid off).

Any purchases/cash advances (and Balance Transfers after 90 days) get the 17.99%+ attached to them.

djino
"Most of us all know that"

[gamovafan]

The catch is, this is just a card to take care of your existing debt you transfer to it - this gets the 3.99% for life. Any purchases/cash advance (or any Balance Transfers after 90 Days) get the 17.99%+ attach to them.

If you are late on a payment, the entire balance is 17.99%+ moving forward. Same is if you go OVER your credit limit.

If you still need a credit card for every day purchases, DO NOT close your other credit card accounts (nor should you for the fact that this would still have a negative impact on your credit score).




Yes. Once your account is setup and activated. You can tell MBNA to transfer a balance (up to your credit limit) to any credit cards (or even Bank Accounts) in your Name. You can also request Cheques, if you wish to do it yourself (this way you can pay any account, even accounts NOT in your name).

Note: For every Balance Transfer you make, there is a 1% Balance Transfer Fee that is posted to your account immediately, and payable on your next statement.

If you read back in these threads, there are even better deals (2.99% and 1.99%) as oppossed to the 3.99%.

djino
"Goodluck"

Thanks for your informative post, I'm going to pass on this for the 9.99% MBNA one instead.

[djino]

Crap I need a credit card with low interest.

What about the 9.99% MBNA card? Any catch to this one?

If you are looking for an MBNA card that gets you the low interest rate on purchases/cash advances/Balance Transfers (with no time period)...

I would recemmend The Platinum Prestige Line Card. This card has a rate of (6.75% to 9.75% - depending on your credit). http://mbna.ca/pc_flexible_credit.html

I currently have it (6.75% AIR on everything). Balance Transfer fee is 0%.

I also have the 1.99% Life of Balance Card too (But as stated countless times, this is only 1.99% on Balances transfers created in the first 90 Days and its 1% Balance Transfer Fee).

djino
"Give the Prestige Line Card a try"

[Debonair]

If you are looking for an MBNA card that gets you the low interest rate on purchases/cash advances/Balance Transfers (with no time period)...

I would recemmend The Platinum Prestige Line Card. This card has a rate of (6.75% to 9.75% - depending on your credit). http://mbna.ca/pc_flexible_credit.html

I currently have it (6.75% AIR on everything). Balance Transfer fee is 0%.

I also have the 1.99% Life of Balance Card too (But as stated countless times, this is only 1.99% on Balances transfers created in the first 90 Days and its 1% Balance Transfer Fee).

djino
"Give the Prestige Line Card a try"

Just applied for this one... thanks for the info :)

[mcshame]

Ok- I'm a bit confused here about the benefit of using the 0% balance transfer.

Let's say you have a $10,000 mortgage at 6%. You get the credit card, and do a balance transfer. The balance transfer fee (1%) is $100.

Cost of Mortgage: Amortized over 10 years, the monthly payment would be $64.

Cost of Credit Card: The monthly payment would be the minimum monthly payment (2.5% of total balance) which is $250!

Most people can't afford to quadruple their monthly payment. So where's the benefit?

Even if you took the money and invested it, you'd still have to return 30% of the money owed within the first year. Can someone explain to me what I'm missing?

That's why the MBNA one is better because it's a flat low rate. However, the 2.1% "principal" payment is not a big deal if you have a mortgage line of credit where you can make any payment you want as long as you cover the interest. Whatever the monthly payment is on the card, you lower your monthly payment on the line of credit by that much to total the same monthly payment amount combined. And because that amount moved to the credit card is 0%, you save of the interest and pay down the principal faster

[Trooper8111]

Thanks for your informative post, I'm going to pass on this for the 9.99% MBNA one instead.

Why not the 6.99% card or 6.75% LOC?

[soldwithgold]

They should include a shredder as part of the deal to make up for all the marketing mail you get. And a phone answering subscription for the add on sales :)

[wiebecj]

They should include a shredder as part of the deal to make up for all the marketing mail you get. And a phone answering subscription for the add on sales :)

I totally agree. I NEVER gave MBNA my real phone number..... They don't actually check that.

[djino]

They should include a shredder as part of the deal to make up for all the marketing mail you get. And a phone answering subscription for the add on sales :)

All I get in the mail besides my monthly statement (which I can tell them to stop sending by selecting online statement only) is 3 Access Cheques.

The cheques are sometimes useful for my Prestige Line account as its 0% BT Fee to use them.

djino
"Besides that, I get nothing else from MBNA"

[lamborghinireventon]

[QUOTE=miss_swan;8063074]Curious, how much credit did they offer the last time?

just received my credit card with $2500 CL but called and increased it to $14500 with 0% till may 2010..odd number but thats what they could offer me as i have other 2 cards from them..

[leafsrule06]

I transferred 17K and did not get any BT fee on my statment. Only amount charged is the $10 min payment? Are we supposed to see the BT fee on the first statment?

[djino]

I transferred 17K and did not get any BT fee on my statment. Only amount charged is the $10 min payment? Are we supposed to see the BT fee on the first statment?

Yes. Even more so, if you have the account setup to view at mbna.ca.. If you called Day 1 to transfer 17K.. you should see by day 4 the 17K posted aswell as the $170 BT Fee on the next line (online).

What product did you sign up for (0% - 15 Months or one of the Life of Balance)?

djino

[Ryvius]

My application for MBNA was rejected cause they said I did not hold another CC for more than 3 years, are there any higher ups CSR that I can transfer to and get the card approved?

[squinty]

Sorry in advance if i'm asking a questioned that's already been asked, but after reading back for 10 pages, i'm getting a bit confused. Maybe someone can help me out.

Basically, my sister's got 14k of debt in a credit card and needs to get out of that interest hole until her car payments are done in june 2010. I think her best bet is to get 0% for 15 months, she thinks maybe 3.99% for the life of the balance sounds good. Either way, i told her i'd try to get more info.

Is mbna the card offering this promo with code CEAN, and is it still valid? Also, better to apply by net or phone? I know they have a 1% BT fee (that brings her to a one time fee of $140?). She won't have to worry about the rate on new balances since she won't be using this card until it's paid off in full.

Thanks in advance folks, great thread.

[djino]

Sorry in advance if i'm asking a questioned that's already been asked, but after reading back for 10 pages, i'm getting a bit confused. Maybe someone can help me out.

No Problem

Basically, my sister's got 14k of debt in a credit card and needs to get out of that interest hole until her car payments are done in june 2010.

How is her credit? Has she made all monthly payments on time? Income level? MBNA usually gives out max 20-25% of your annual income.


I think her best bet is to get 0% for 15 months, she thinks maybe 3.99% for the life of the balance sounds good. Either way, i told her i'd try to get more info.

Is mbna the card offering this promo with code CEAN, and is it still valid?

Do you think she can pay off 14K in 15 months? If not, I'd suggest going wtih the 1.99% life of Balance (Which is the CEAN Code). I believe its stil valid.

Also, better to apply by net or phone? I know they have a 1% BT fee (that brings her to a one time fee of $140?). She won't have to worry about the rate on new balances since she won't be using this card until it's paid off in full.

If you can find the online link (go back about 5-10 pages) might be your best bet as by phone you may get a bit of push back from CSRs who will say its no longer offered.

Yes there is a 1% BT fee which is one time and posted to your account as soon as the transaction occurs. You will see this posted on your following statement and will be included in your minimum monthly payment.

Example: $14,000 would yield $140 BT Fee

at 1.99% AIR, your following months statement balance will be $14,163.45 (23.45 Interest).
Your 1st Minimum monthly payment will be $173 (Interest + $10 + BT Fee).
Your Minimum payments following that will just be $33/month (Interest + $10).

djino
"Make sense?"

[leafsrule06]

Yes. Even more so, if you have the account setup to view at mbna.ca.. If you called Day 1 to transfer 17K.. you should see by day 4 the 17K posted aswell as the $170 BT Fee on the next line (online).

What product did you sign up for (0% - 15 Months or one of the Life of Balance)?

djino

I got the 0% 12 months.....they insisted that the 15 months was not available so I took the 12 months. I only have a $10 payment required on my statement so looks like it was forgotten or waived. Oh well let's see if it appears at some point.

[RestIsHistory]

Is there any Code i need to quote for CITI 0% BT for 12 months.

What will I need to give them for the BT to a bank.

[angel_wing0]

Is there any Code i need to quote for CITI 0% BT for 12 months.

What will I need to give them for the BT to a bank.

u have to apply online, u cant apply thru phone as for some reason this offer wont show up on their system.

[akyyyy]

Hi everyone, i already have the 0% BT MBNA Card and it's about to expire next month. I have 10k (minus the $10 payments, not much) remaining still. I do not have extra money to pay it off.

What are my options, can i reapply? Or should i have my wife apply?

[squinty]

No Problem



How is her credit? Has she made all monthly payments on time? Income level? MBNA usually gives out max 20-25% of your annual income.




Do you think she can pay off 14K in 15 months? If not, I'd suggest going wtih the 1.99% life of Balance (Which is the CEAN Code). I believe its stil valid.



If you can find the online link (go back about 5-10 pages) might be your best bet as by phone you may get a bit of push back from CSRs who will say its no longer offered.

Yes there is a 1% BT fee which is one time and posted to your account as soon as the transaction occurs. You will see this posted on your following statement and will be included in your minimum monthly payment.

Example: $14,000 would yield $140 BT Fee

at 1.99% AIR, your following months statement balance will be $14,163.45 (23.45 Interest).
Your 1st Minimum monthly payment will be $173 (Interest + $10 + BT Fee).
Your Minimum payments following that will just be $33/month (Interest + $10).

djino
"Make sense?"

Thanks for all that info djino.

She told me she always paid everything on time, so i gather her credit's in good shape. I think she makes +40k, but hopefully, after some sweet talking, she can get a higher credit limit after her approval. As for whether she could pay it all of in 15 months? Probably not, she'll probably still have about 7k to pay off if she handles her money correctly. I was hoping she could apply for another no interest/12-15 mo deal by the time this deal is up for her, but i guess it's always best to play it safe.

Thanks again for the advice, i'll pass it on to my sis!

[kav1]

Thread info was very useful. Approved for 12 mo 0% at $40,000. Wanted more but they said it was new account. Took full amount out and deposited in high interest savings accoung 2.5%.

[akyyyy]

just applied for my 2nd card. 1st card still has a ~10,000 balance which i will pay off when due. and hopefully i can transfer the credit from the 1st card to the 2nd one.

i called 1-877-428-6060 used BODX and they gave me 12months of 0%.

hope this works, anyone else have luck doing it this way?

[rumcoke]

For those ppl didn't get BT fees waived, I think the CSR realized if their company couldn't make profits from the BT fees, they are gonna be layoff, LOL

[Trooper8111]

For those ppl didn't get BT fees waived, I think the CSR realized if their company couldn't make profits from the BT fees, they are gonna be layoff, LOL

How is this remotely useful to this thread?!

[Fox]

If they let you do that, I'll be amazed.

just applied for my 2nd card. 1st card still has a ~10,000 balance which i will pay off when due. and hopefully i can transfer the credit from the 1st card to the 2nd one.

i called 1-877-428-6060 used BODX and they gave me 12months of 0%.

hope this works, anyone else have luck doing it this way?

[akyyyy]

when they asked if i had any other cc's, i told them yes an mbna one. all they said was thx for doing business with us.

and the only reason i tried was because another member said that's what he did with success

if this isnt the best way, what is the best way to get another 0% BT Card.

[AndrewChang]

when they asked if i had any other cc's, i told them yes an mbna one. all they said was thx for doing business with us.

and the only reason i tried was because another member said that's what he did with success

if this isnt the best way, what is the best way to get another 0% BT Card.

I would think, paying off the other balance first?

[ovovov]

i got a deal for this one: 3.99% on balance transfer
but the rate is 11% as opposite to 18 or 19%....
is this a good one?

[Trooper8111]

i got a deal for this one: 3.99% on balance transfer
but the rate is 11% as opposite to 18 or 19%....
is this a good one?

The 3.99% for life has a regular interest rate of 17.99% purchases and 19.99 cash advances.

Your 3.99% on an 11% rate is for a limited time only. Check your statements to see when that promo ends. MBNA regularly sends promos along with checks to entice you to do a BT to their products.

[Trooper8111]

just applied for my 2nd card. 1st card still has a ~10,000 balance which i will pay off when due. and hopefully i can transfer the credit from the 1st card to the 2nd one.

i called 1-877-428-6060 used BODX and they gave me 12months of 0%.

hope this works, anyone else have luck doing it this way?

You can transfer the available credit to the new card. You can't transfer the balance from one MBNA card to another. If you want the extra credit, then you must pay off the first card then transfer the available credit to the new card.

[akyyyy]

onces the first one is due, i will pay it off from my own money, then activate the 2nd one and transfer the avail credit (which will be 10k) to the new one.

[mcshame]

Just completed my balance transfer for my new CITI mastercard. You'll all love this one. I asked if there was something that could be done for the balance transfer fee. He said no, with the promotional cards, they couldn't do that...let me check what fee applies to your card....

Oh, you have a 0 transfer fee.:lol: So I transfered the full credit limit amount, right to the last cent.

One really interesting note on these card. It's really...really not a good idea to buy regular purchases on these cards when you have a balance transfer. The payment that you make will always be applied to the balance transfer amount until it is completely paid off.

For example, if you go $5000 on the card from a balance transfer and you go out for dinner and charge it on the card for $50. When your bill comes , you would think that you would pay the 2.1% of the balance transfer $105 + $50 to pay of the purchases for that month. CAREFUL!! This is not the case, the $155 dollars will be applied to the balance transfer and you will start to incur 19.99% interest on all the purchases you make. Only once the balance transfer is paid off completely can you pay off the purchases. That alot of interest and defeats the whole purpose.

Maybe you all knew this, but this was news for me as I never did a balance transfer before.

EDIT: Forgot to mention, I couldn't get them to increase my credit limit due to the cancellation of the CITI Home Depot card. But, they told me that I could reassess in 6 months and that another balance transfers could be done at 0% at any time during the 12 month promotional period.

[tsgee]

JOne really interesting note on these card. It's really...really not a good idea to buy regular purchases on these cards when you have a balance transfer. The payment that you make will always be applied to the balance transfer amount until it is completely paid off. ...and you will start to incur 19.99% interest on all the purchases you make. Only once the balance transfer is paid off completely can you pay off the purchases. That alot of interest and defeats the whole purpose.


That's one of the things you must do to make the balance transfer worth while.

1) Don't make any purchases after the BT and
2) Make the monthly payment on time.

[angel_wing0]

i just received my citi card today (they approved me..yay!), and was told that the 0% promo isnt activated on my card yet and i got to wait till next week, is it the same case with u guys?

[Hugh Jass]

Oh, you have a 0 transfer fee.:lol: So I transfered the full credit limit amount, right to the last cent.




You lucky swine :)

[squall458]

I have an MBNA mastercard that use to be the ebay one. I need 0% interest because my employer is having problems with their payroll and the employees wont be paid until the end of February. :(

What link do I go to to get 0% interest? I only need it for a month or two, but I might as well get it for longer if I can. TIA!!

[mcshame]

I have an MBNA mastercard that use to be the ebay one. I need 0% interest because my employer is having problems with their payroll and the employees wont be paid until the end of February. :(

What link do I go to to get 0% interest? I only need it for a month or two, but I might as well get it for longer if I can. TIA!!


This link will get you a CITI 0% until April 2009 (unless you insist strongly that you want them to fix it and make 0% for 12 months). It sounds like April 2009 is just what you are looking for.

https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

[mcshame]

i just received my citi card today (they approved me..yay!), and was told that the 0% promo isnt activated on my card yet and i got to wait till next week, is it the same case with u guys?

They told me the same thing (I called on a Sat or Sun to activate the card). However, they also told me it was only good until April 2009.

I called back on Monday morning, told her that I was under the understanding that the card was 0% for 12 months. She put me on hold, spoke to a manager who activated the code to get the 0% for 12 months. Added bonus, as mentioned, was the $0 transfer fee.

[angel_wing0]

They told me the same thing (I called on a Sat or Sun to activate the card). However, they also told me it was only good until April 2009.

I called back on Monday morning, told her that I was under the understanding that the card was 0% for 12 months. She put me on hold, spoke to a manager who activated the code to get the 0% for 12 months. Added bonus, as mentioned, was the $0 transfer fee.

i see, i was told it was 12 months so i dont need to worry. But its sorta stupid having to wait for the promo to "activate". Thanks for letting me know that its not just me...i doubt i will get the $0 transfer fee thou, oh well.

[scorpy]

the mbna 0% 1-866-544-4104 number does not seem to be valid anymore, does any one know what should i be doing, to apply for a new 0% interest rate car.
thank you

[jpargo]

Hey guys. Just registered but being using these forums for couple of years now. I need a little help/advice.

I'm couple of years out of university. I have no debt and have about $40K saved up. However certain relative (mom) has about $25-30K in credit card debt. She is probably paying 10-19% on these credit cards which are all from different institutions.

Basically what I would like to do is get one of these credit cards and transfer as much of the her debt into it. This way she is saving at least 10% for 1 year. She makes all the payments and rarely misses it so it wont be problem paying the minimum payments. How will this work? I have no idea how these works so I need help in logistics.

1) Will they let me transfer the amounts from all different institutions which are not in my name?

2) What is the difference between cash advance and credit transfer? Say they approve 15K, couldn't I just transfer a cash amount to her bank so she can pay off the individual credit cards? How much does that differ (in terms of $$) then a credit card transfer?

3) How much line of credit could I get? I've only had 1 other credit card for 5000 credit with no balance. I've being making $60K for last couple of years with no payments (no car, credit cards, etc). Have no bad credit history (never missed payment, etc).

I know some people will have concern in taking somebodies else debt, but I'm fully aware of that. I've basically made my mind I'm basically going to pay for all her debt because she incurred it raising me (plus 3 other kids). Am just not fully prepared to spend almost all my savings to do it now in these times plus if I wait a year she would've made some dent into and possibly sharing the payment with couple of my other siblings when the year is done.

Looking forward to your advice!

[flito ray]

any tip on how to waive 1% BT fee?

i call 3 time each time they say no they can't waive it. each time I threaten to cancel card but they call my bluff so I hanged up

[djino]

1) Will they let me transfer the amounts from all different institutions which are not in my name?

Balance Transfers can be done in 2 ways (either MBNA does it on your behalf, or you do it by using Access Cheques).

MBNA can only perform Balance Transfers to accounts in your name. So once you get your account setup, order Access Cheques, as then these act like a regular bank cheque which you can write to anyone.

2) What is the difference between cash advance and credit transfer? Say they approve 15K, couldn't I just transfer a cash amount to her bank so she can pay off the individual credit cards? How much does that differ (in terms of $$) then a credit card transfer?

Cash Advance is when you stick your credit card in an ATM and withdraw cash (or even with some credit cards simply making a bill payment via the bank's website with the credit card = cash Advance). You do not want to do this, as this wont give you 17.99%+ attached to these transactions + the Cash Advance Fee.

You want to do what I said above, Ask MBNA for Access Cheques. Better yet, just ask MBNA to transfer the desired total amount to your Bank account and then pay her credit card accounts from your Bank account. Also remember each time you make a Balance Transfer (whether MBNA does it or you do it through Access Cheques) its a 1% Fee.

3) How much line of credit could I get? I've only had 1 other credit card for 5000 credit with no balance. I've being making $60K for last couple of years with no payments (no car, credit cards, etc). Have no bad credit history (never missed payment, etc).

MBNA will usually give you 20-25% of your annual income.

I know some people will have concern in taking somebodies else debt, but I'm fully aware of that. I've basically made my mind I'm basically going to pay for all her debt because she incurred it raising me (plus 3 other kids). Am just not fully prepared to spend almost all my savings to do it now in these times plus if I wait a year she would've made some dent into and possibly sharing the payment with couple of my other siblings when the year is done.

Looking forward to your advice!

I wonder though, if you you say she pays her bills ontime/etc why not ask her to apply and see what she can get.

But anyways, its a great thing helping her out.

djino
"Goodluck"

[angel_wing0]

any tip on how to waive 1% BT fee?

i call 3 time each time they say no they can't waive it. each time I threaten to cancel card but they call my bluff so I hanged up

there is no way they will waive the fee, how are they suppose to make money if they did? ...unless they did something really wrong and do it as a goodwill, or just plain forgot. So at least be reasonable, they are letting us use X amount of money for 12-15 months, pay the 0.5 or 1%.

[flito ray]

there is no way they will waive the fee, how are they suppose to make money if they did? ...unless they did something really wrong and do it as a goodwill, or just plain forgot. So at least be reasonable, they are letting us use X amount of money for 12-15 months, pay the 0.5 or 1%.

i mean they wouldn't even budge on on 1%. how did ppl get it down to 0.5% what did you say?

[angel_wing0]

i just asked them...it's really hard now since i suspect the rfd effect has taken over.

[mcshame]

any tip on how to waive 1% BT fee?

i call 3 time each time they say no they can't waive it. each time I threaten to cancel card but they call my bluff so I hanged up

Who is it, MBNA or CITI?

[angel_wing0]

Who is it, MBNA or CITI?

Doesnt matter which one, they won't waive. THere is a chance to drop MBNA to 0.5%, but for citi, unless they did something wrong (which happened in your case), they won't waive the fee.

[howwon]

I received my first statement this week and I was charged the 1% BT fee + $10.00 for the courier fee. Minimum payment is 1% of the balance.

[angel_wing0]

I received my first statement this week and I was charged the 1% BT fee + $10.00 for the courier fee. Minimum payment is 1% of the balance.

yip, that's citi for u.

[mcshame]

I received my first statement this week and I was charged the 1% BT fee + $10.00 for the courier fee. Minimum payment is 1% of the balance.

Really, not 2.1%? Was the $10 because you wanted the card quickly?

[howwon]

yip, that's citi for u.
Actually, it's MBNA.

Really, not 2.1%? Was the $10 because you wanted the card quickly?

Yes, 1.0%
Yes, I but didn't have the time to phone in the activation right away, so it was a wasted $10.00.

[angel_wing0]

Actually, it's MBNA.

for mbna the first payment should be bt fee and $10...and it should be $10 every month every the promo is over...did they change it?!

[boyoflondon]

i just received my citi card today (they approved me..yay!), and was told that the 0% promo isnt activated on my card yet and i got to wait till next week, is it the same case with u guys?

Its not just you ;) It does some time take time for the offer to get activated in the system ...

any tip on how to waive 1% BT fee?

i call 3 time each time they say no they can't waive it. each time I threaten to cancel card but they call my bluff so I hanged up

Now your account has 3 notes stating that you tried to get the fee waived ... guess what the next rep will tell you?

[angel_wing0]

Its not just you ;) It does some time take time for the offer to get activated in the system ...

Now your account has 3 notes stating that you tried to get the fee waived ... guess what the next rep will tell you?

cool.

"Owned?" :lol:

[Hugh Jass]

Now your account has 3 notes stating that you tried to get the fee waived ... guess what the next rep will tell you?


"OK, we'll waive the fee, just to stop your annoying calls"

[angel_wing0]

"OK, we'll waive the fee, just to stop your annoying calls"

i wish that would work. If it does i will call in come until that happens :lol:

[squall458]

I already have an MBNA mastercard. Is there a code that I can use to call in and get 0% interest for a year or less for the card I already have? I dont mind phoning the code in if that's what it takes.

[taile]

Can I request another transfer for amount of the initial transfer fee after I paid it?

[setell]

Balance Transfers can be done in 2 ways (either MBNA does it on your behalf, or you do it by using Access Cheques).

MBNA can only perform Balance Transfers to accounts in your name. So once you get your account setup, order Access Cheques, as then these act like a regular bank cheque which you can write to anyone.

You want to do what I said above, Ask MBNA for Access Cheques. Better yet, just ask MBNA to transfer the desired total amount to your Bank account and then pay her credit card accounts from your Bank account. Also remember each time you make a Balance Transfer (whether MBNA does it or you do it through Access Cheques) its a 1% Fee.


I can confirm that you DON'T need to do a balance transfer to an account in your own name. By account I mean not a bank account but credit card, line of credit etc. I got my bf to do a balance transfer on his MBNA to my credit card (under my name) and it went through fine. We even did this through the phone so the whole process took about two business days before it showed up on my credit card statement.

[angel_wing0]

Can I request another transfer for amount of the initial transfer fee after I paid it?

u can request another transfer before 90 days, and the fee will be 1% of what your transfer is.

[djino]

Can I request another transfer for amount of the initial transfer fee after I paid it?

huh? say wha?

djino

[djino]

I can confirm that you DON'T need to do a balance transfer to an account in your own name. By account I mean not a bank account but credit card, line of credit etc. I got my bf to do a balance transfer on his MBNA to my credit card (under my name) and it went through fine. We even did this through the phone so the whole process took about two business days before it showed up on my credit card statement.

cool. Good stuff. I guess its who ever you speak with on that because I tried to do that for my better-half and they told me it had to be an account with my name on it.

djino

[mcceng]

I already have an MBNA mastercard. Is there a code that I can use to call in and get 0% interest for a year or less for the card I already have? I dont mind phoning the code in if that's what it takes.

No. You will need to apply for new card.

[taile]

u can request another transfer before 90 days, and the fee will be 1% of what your transfer is.
Just hope I won't get into the sky high interest!
huh? say wha?
djino
I was asking after I pay off the initial transfer fee, they become available to me again, can I ask another balance transfer for these amount and still enjoy the low rate or not.

[angel_wing0]

...can I ask another balance transfer for these amount and still enjoy the low rate or not.

as long as it's before 90 days when your card is approved.

[taile]

as long as it's before 90 days when your card is approved.

Thanks a lot!

[angel_wing0]

Just completed my balance transfer for my new CITI mastercard. You'll all love this one. I asked if there was something that could be done for the balance transfer fee. He said no, with the promotional cards, they couldn't do that...let me check what fee applies to your card....

so u waited 4 days eh...guess i will have to too, sigh.

Thanks a lot!

anytime :)

[mcshame]

Can I request another transfer for amount of the initial transfer fee after I paid it?

good question. I would think that you would have to pay again a balance transfer fee of 1%. I don't know for sure.

I would like to take this one step further. Every month, we are require to make a minimum payment of 2.1% (CITI) per month. After making the payment, can I initiate another BT to put the amount back in. In other words, can we initiate multiple balance transfers during the promotion period (12 months) at the same rate 0% with the same BT fee.

For CITI? They told me I could do balance transfers during the promotion period ie...12 months...
For MNBA?

For $10/month (MNBA), it's not really worth it, but for CITI at 2.1%, it could save a little more money on interest over the course of the year.

[angel_wing0]

good question. I would think that you would have to pay again a balance transfer fee of 1%. I don't know for sure.

yes, u would have to pay the transfer fee of 1% or some fix amount that i dont remember ($15? not sure), whichever is more.

[djino]

yes, u would have to pay the transfer fee of 1% or some fix amount that i dont remember ($15? not sure), whichever is more.

Yes, for each BT you will be charged the greater of 1% or $7.50 (MBNA)

so a BT of $10, you'd be charged $7.50 (not $0.10).

djino
"For MBNA"

[angel_wing0]

Yes, for each BT you will be charged the greater of 1% or $7.50 (MBNA)

so a BT of $10, you'd be charged $7.50 (not $0.10).

djino
"For MBNA"

i m just off by 50% :lol:

[meg2006]

My CITI card with 0% is going to expire on Feb. 5, 2009. I got my Jan. statement, and paid the whole balance. Now my online account shows $0 balance. Am I safe now? This is my first time to pay off so I want to make sure I did the right way.

I want to apply another 0%CITI card. Do I have to cancle this card and wait for 6 months for applying another card? Thanks for any input

[mcshame]

got my citi pin number and checks in the mail yesterday as well as information of 3 different ways I can get money and dig myself into a hole. It's amazing that they does give any information about the interest rates or order of repayment of these thing in this mailer, just the initial publication. It all went into the shredder.

Now my wife is applying for the 0% 12 months MBNA card. She doesn't work right now but has credit history. They seemed quite happy with the household income, curious what's going to happen...

[setell]

cool. Good stuff. I guess its who ever you speak with on that because I tried to do that for my better-half and they told me it had to be an account with my name on it.

djino

Weird...we've never had problems doing a BT to somebody else. My bf even did a transfer to his dad's credit card and it went through fine too.

[angel_wing0]

My CITI card with 0% is going to expire on Feb. 5, 2009. I got my Jan. statement, and paid the whole balance. Now my online account shows $0 balance. Am I safe now? This is my first time to pay off so I want to make sure I did the right way.

I want to apply another 0%CITI card. Do I have to cancle this card and wait for 6 months for applying another card? Thanks for any input

yes u are...i think u should cancel the card and reapply, but i donno if citi allows that...

[markdweasel]

Anyone has some codes and link to apply which are working as of now?

I've cancelled my card over 3 months ago and feel its time to reapply.
Any suggestions are welcome.

Thank you in advance.

Mark

[boyoflondon]

yes u are...i think u should cancel the card and reapply, but i donno if citi allows that...

As I mentioned before, canceling and reapplying may only work once .. but the system will catch on and you will get denied.

[mecassa]

I just applied for the MBNA card using the code "BODX" (tel 1-877-428-6060). The agent asked me what the interest rate information I had and I said 0% for 12 months on BTs. She confirmed this and proceeded with my application.

How do I find out whether or not my application gets approved? Do they simply send me the card? Some people say that they had their cards FED-EXd to them for $10... Did I have to specifically ask for that during the initial application?

Can someone fill me in on the detials of their application experience. I've read a few pages of this thread, but didn't see that kind of info.

I want to use this to pay off my student loans (around $6K)

thanks!

[angel_wing0]

there is a # for u to call to see if your application gets approved or not...

[mecassa]

there is a # for u to call to see if your application gets approved or not...

thanks angel

[angel_wing0]

thanks angel

np, i dont remember what exactly the number is, but u can just call mbna csr and they will tell u the #/direct u there.

[mcceng]

I called 1-866-434-5393 for my credit card approval status back at the end of Dec/08.

[mcshame]

Got my MBNA card today. Activated, spoke to credit analyst, she upped me from $15K limit to $20k limit and then did my credit transfer. They would not waive the fee due to the 0% promotion.

So what's the big deal? With the Citi card and MBNA card, I will save $800 of mortgage interest and bring my principal down by $535 dollars more over the year. Not huge numbers but it's better in my pockets then the banks.

Now to see if my wife can get a card as well and see if we can further build on this...

Thanks OP and those that have contributed to this thread.

[kanimara]

Cancelling and reapplying is a bad idea if I remember correctly.
You want to get approved for a second card, with the lowest limit, then have your credit limit transferred over between the cards.

[angel_wing0]

Just did my BT! :D

for citi: have anyone try transferring the avaliable credit limit from one card to this citi card to do the bt?

As I mentioned before, canceling and reapplying may only work once .. but the system will catch on and you will get denied.

for citi, very likely. They are VERY uptight about this. I already have 2 cards and i have to jump thru hoops to get this bt promo. i dont think anyone will be able to reapply again once the first one expires.

For mbna, u can reapply as many times as u want.

[knapper]

A note re: upping your limit. When you ask for a credit limit increase when activating (as discussed throughout thread) it is an additional query on your credit score.

[coopercold]

A note re: upping your limit. When you ask for a credit limit increase when activating (as discussed throughout thread) it is an additional query on your credit score.

WRONG.

When you ask for a credit limit increase, a company will do an "Account Review Inquiry". Such inquiries are not disclosed to any other companies viewing your credit file, and have no impact on your credit score.

"Credit Related Inquiries" MAY impact your credit score. This kind of inquiry occurs when you apply for credit.

[knapper]

WRONG.

When you ask for a credit limit increase, a company will do an "Account Review Inquiry". Such inquiries are not disclosed to any other companies viewing your credit file, and have no impact on your credit score.

"Credit Related Inquiries" MAY impact your credit score. This kind of inquiry occurs when you apply for credit.

Well, when I requested my increase 2 days ago the credit person said they were doing another check. When I asked he said it was another hit to my credit score.

[casperr]

They told me that too, a hit on my credit will happen

[angel_wing0]

WRONG.

When you ask for a credit limit increase, a company will do an "Account Review Inquiry". Such inquiries are not disclosed to any other companies viewing your credit file, and have no impact on your credit score.

"Credit Related Inquiries" MAY impact your credit score. This kind of inquiry occurs when you apply for credit.

Well, when I requested my increase 2 days ago the credit person said they were doing another check. When I asked he said it was another hit to my credit score.

afaik it is a ymmv thing...sometimes they will, sometimes they won't.

[jhyang23]

How does citi charge 1% BT fee?
Do they charge it on the first statement as an one time charge (BT fee + first minimum payment) or does it get added into the BT amount?
If it gets added into the BT amount, does it start accumulating interest after the first statement due date?


Anyone successful in getting this fee waived? Can you share how you did it?


Thanks!

[angel_wing0]

it gets add to the BT amount.

Eg: You have a credit limit of 5000, u can only do a max BT of 4950 + 1% bt of $50 because anything over will bring u over your credit limit.

You cannot get the fee waived unless citi did something REALLY wrong. And seriously, just pay the 1% to be able to use the money for 12 months. It's NOT free.

[jhyang23]

it gets add to the BT amount.

Eg: You have a credit limit of 5000, u can only do a max BT of 4950 + 1% bt of $50 because anything over will bring u over your credit limit.


Does the BT fee start accumulating interest after the first statement due date?
Normally if you have two types transactions(eg. $5000 with 0% and $50 with 19.5%) and you make a partial payment, it goes towards the transaction with the lowest interest rate, which would be $5000. So until you pay off the entire balance, $5050, interest would accumlate for $50. (I think some credit card charges interest for the full amount of the loan actually...$5050)

I want to confirm that there would be no interest charges because of this fee as long as I'm making the monthly minimum payment.

Thanks.

[mcshame]

Not sure if this was posted, PC card is now 0.97% BT for 6 months

http://www.pcmastercard.pcfinancial.ca/rocen/index.htm?refId=sidenav

[angel_wing0]

Not sure if this was posted, PC card is now 0.97% BT for 6 months

http://www.pcmastercard.pcfinancial.ca/rocen/index.htm?refId=sidenav

oh dropped back to 0.97 eh.

[jiepie]

Not sure if this was posted, PC card is now 0.97% BT for 6 months

http://www.pcmastercard.pcfinancial.ca/rocen/index.htm?refId=sidenav

0.97% interest? then what is the transfer fee? 0%?

[mcshame]

Does the BT fee start accumulating interest after the first statement due date?
Normally if you have two types transactions(eg. $5000 with 0% and $50 with 19.5%) and you make a partial payment, it goes towards the transaction with the lowest interest rate, which would be $5000. So until you pay off the entire balance, $5050, interest would accumulate for $50. (I think some credit card charges interest for the full amount of the loan actually...$5050)

I want to confirm that there would be no interest charges because of this fee as long as I'm making the monthly minimum payment.

Thanks.

what I understand having read the CITI cardholder agreement:

- fees will not accumulate interest as long as it is payed by the payment due date as well as all other debts shown are payed by that due date.

- Application of payments are paid in this order: past due amounts, service fees & other charges & interest charges, cash advances then purchases.

The way I understand this is my first statement will have the minimum payment due to the BT, $0 of interest to pay and a fee for the BT. When I make the FULL payment for the Due amount, it will pay off the fee as it is ahead of cash advances in the payment pecking order.

This is my understanding, you should read the cardholder agreement to draw your own conclusion and speak to the agent when you are making the balance transfer

[mcshame]

0.97% interest? then what is the transfer fee? 0%?

Couldn't find any information on it. I would only accept 0% as the 1% is already in the rate

[angel_wing0]

0.97% interest? then what is the transfer fee? 0%?

yes afaik no transfer fee.

[Hanif]

Considering getting a PC Financial CC or any low interest CC because my Royal Bank Credit line for my student loan interest is 4.00%. I am thinking of paying my $10,000 student loan from one of these CCs. What do you suggest I do?

[boyoflondon]

Well, when I requested my increase 2 days ago the credit person said they were doing another check. When I asked he said it was another hit to my credit score.

Its called a 'soft hit'. Any time your credit limit increase is not automatically approved and has to go to credit department for a review, they MIGHT inquire with the credit bureau to get the latest information. Even if they do, its only a soft hit as you are already customer with the company, and they are just getting some updated info.

I know with Citi, accounts are automatically updated with new stats from credit bureau every 2 months or so.

[angel_wing0]

Considering getting a PC Financial CC or any low interest CC because my Royal Bank Credit line for my student loan interest is 4.00%. I am thinking of paying my $10,000 student loan from one of these CCs. What do you suggest I do?

well if u can return all the money by the promo end date then do it. If not, all the interest deferred will shoot you back in the face if u cant return the bt once its over.

[akyyyy]

i got my 2nd card of 5000$. my 1st card has 10000$, unpaid. its about to expire next month.

how should i transfer the balance from my first card to second. i want to take out 15000 @ 0%

im thinking, pay off 1st card
cancel and transfer 10k to 5k card
then do the balance transfer?

thanks.

[Brolly]

I called and told them the promo code "BODX" and they told me that with that I get a balance transfer rate of 1.9%. I felt her out and it did not seem negotiable. Anyone have any suggestions? I've been carrying a balance on my other card at a real high rate and have been meaning to switch so thats the main reason for me.

Thanks in advance.

[casperr]

i got my 2nd card of 5000$. my 1st card has 10000$, unpaid. its about to expire next month.

how should i transfer the balance from my first card to second. i want to take out 15000 @ 0%

im thinking, pay off 1st card
cancel and transfer 10k to 5k card
then do the balance transfer?

thanks.

I think thats the best way you should do it.

And brolly, just keep calling again

[angel_wing0]

I called and told them the promo code "BODX" and they told me that with that I get a balance transfer rate of 1.9%. I felt her out and it did not seem negotiable. Anyone have any suggestions? I've been carrying a balance on my other card at a real high rate and have been meaning to switch so thats the main reason for me.

Thanks in advance.

just tell them u are looking for the 0% for 15 months promo.

[Jfriah]

Thread info was very useful. Approved for 12 mo 0% at $40,000. Wanted more but they said it was new account. Took full amount out and deposited in high interest savings accoung 2.5%.

Nice thinking.
I've been reading this thread for quite awhile. Waiting to figure out which card I wish to apply for / use for which purpose.

I'm thinking of going for a low interest rate BT card and then taking that, putting it into my new TFSA and making some dividend interest or capital gains (hopefully...) on some 'sale' stocks now. And enjoying the tax-free income at a low % at least for a year.

Thanks for all the postings. Good reading.

:cheesygri

[Jfriah]

Currently, my fave MC is an MBNA 9.99% which has a somewhat substantial limit and is carrying right near the top right now. People have said they will not give you the new card unless the other is paid out.

Anyone tried to negotiate with MBNA's managers in getting their current card's rate dropped to match? I realize it is a promo, but I'm doing a home equity application right now for home improvements (windows, siding, insulation) so will have the hammer to actually wield and say "I'm sorry to hear that you can't drop the interest rate. I find my current rate very high given the recent promotions going on from yourselves and other companies. I was hoping you'd lower the interest rate to ___%, but now I will be paying this card out in full next week and MBNA will now be out that interest on my card every month."

?

[djino]

Currently, my fave MC is an MBNA 9.99%

Have you taken a thought about switching your card to the Platium Prestige Line (6.75% to 9.75%) on everything. http://mbna.ca/pc_flexible_credit.html

has a somewhat substantial limit and is carrying right near the top right now. People have said they will not give you the new card unless the other is paid out.

This is somewhat true. If you are using at least 75% of the credit given to you, I doubt they will extend you more credit. Is it possible to dump a lump sum to bring you down to at least 1/2 your credit limit? Then call and apply for one of the 0% Promos or any of the life of balance (1.99%, 2.99%, 3.99%). At the very least they would use your available credit and chop it off of your 9.99% card to use for the new account.

Anyone tried to negotiate with MBNA's managers in getting their current card's rate dropped to match? I realize it is a promo, but I'm doing a home equity application right now for home improvements (windows, siding, insulation) so will have the hammer to actually wield and say "I'm sorry to hear that you can't drop the interest rate. I find my current rate very high given the recent promotions going on from yourselves and other companies. I was hoping you'd lower the interest rate to ___%, but now I will be paying this card out in full next week and MBNA will now be out that interest on my card every month."

I really doubt using the above tactic will get you what you want especially if you are using almost all the credit available to you. Again the best thing you can do to get in a better negociating position is to pay off at least 1/2 of the credit available to you.

djino
"Goodluck"

[angel_wing0]

Thread info was very useful. Approved for 12 mo 0% at $40,000. Wanted more but they said it was new account. Took full amount out and deposited in high interest savings accoung 2.5%.

it sucks that 2.5% is considered high now...:cry:

[rocking23nf]

Hey guys my deal is ending and I wont be able to pay off this CC (which im fine with), however does the interest that has been 0% get back charged at the high rate? or does just the balance going forward get charged at the high rate?

[djino]

Hey guys my deal is ending and I wont be able to pay off this CC (which im fine with), however does the interest that has been 0% get back charged at the high rate? or does just the balance going forward get charged at the high rate?

Its the Balance moving forward.

If you are on a 0% promo til March 1st, 2009. Then on March 1st, 2009 you will get the regular (I think 17.99%+) from that day onward (if you there is still a balance).

Best thing is to pay off the Balance before the promo ends, then call them up to open up another account with the promo and then they can move the credit from the old account to the new.

djino
"Then yer good to go for another 12-15 months"

[angel_wing0]

however does the interest that has been 0% get back charged at the high rate?

yes it will and u will be screwed...apply for another one.

[T3rry]

it sucks that 2.5% is considered high now...:cry:

how do you expect banks to stay afloat paying more than 2.5% for saving when there are accounts like the 1.99 forever, or the 0% for 15 months... banks are like any company, they're there to make a profit, they're not charity organizations.

[godrack]

Hi There .

Thank's to everyone here , especially djino, I"m a new MBNA 1.99 happy customer .

Now i'm looking for the best CITI deal available 0% 12 months or so . any citi deal available now ? how ? any link or phone number or promo code available for citi ? the ony one found here was the V8G code that's for 0% until april 09 only

Thank you.

[nickctn]

Hi There .

Thank's to everyone here , especially djino, I"m a new MBNA 1.99 happy customer .

Now i'm looking for the best CITI deal available 0% 12 months or so . any citi deal available now ? how ? any link or phone number or promo code available for citi ? the ony one found here was the V8G code that's for 0% until april 09 only

Thank you.

The balance transfer with Citi is still valid for 12 months. I applied in January 2009 and did my balance transfers. They confirmed that the 0% rate is valid for 12 months from the first balance transfer date.

[godrack]

The balance transfer with Citi is still valid for 12 months. I applied in January 2009 and did my balance transfers. They confirmed that the 0% rate is valid for 12 months from the first balance transfer date.


With the V8G code ?

[rocking23nf]

yes it will and u will be screwed...apply for another one.

Can anyone verify/clarify this? 2 different answers so far, I dont want to get a 2000$ interest charge on my bill in a month.

[djino]

Can anyone verify/clarify this? 2 different answers so far, I dont want to get a 2000$ interest charge on my bill in a month.

May I direct you to calling MBNA. They should be able to provide you with a much clearer answer

djino
":)"

[angel_wing0]

Can anyone verify/clarify this? 2 different answers so far, I dont want to get a 2000$ interest charge on my bill in a month.

yes i can confirm that. Its clearly stated on their terms when they read it to you on the bt. All the interest not charged in the previous 12-15 months will get charged back to u at 19.99% (or 17.99%, not sure which one) once the promo ended and amount not paid off.

[nickctn]

With the V8G code ?

Yes with the V8G code

[rocking23nf]

I called MNBA and they advised the interest is not back charged, its not "deffered", its applied at 0%, so its not charged back like the furnature companies.

[djino]

I called MNBA and they advised the interest is not back charged, its not "deffered", its applied at 0%, so its not charged back like the furnature companies.

Thats what I thought.

djino

[Millstone]

I applied for another BODX. India asked me if I got it from the Interwebs or a mailing. I said a mailing. He said it was expired, but offered me 0% for 12 months instead. The terms sounded the same as BODX. I accepted and will go over it when the card arrives.

[Trooper8111]

yes i can confirm that. Its clearly stated on their terms when they read it to you on the bt. All the interest not charged in the previous 12-15 months will get charged back to u at 19.99% (or 17.99%, not sure which one) once the promo ended and amount not paid off.

The interest is charged on the remaining balances. Interest charges are not deferred.

[angel_wing0]

Thats what I thought.

djino

The interest is charged on the remaining balances. Interest charges are not deferred.

hmm, i guess my rep lied to...since i m certain thats what she told me, oh well.

My bad anyway ;)

[SirAlain]

I applied for another BODX. India asked me if I got it from the Interwebs or a mailing. I said a mailing. He said it was expired, but offered me 0% for 12 months instead. The terms sounded the same as BODX. I accepted and will go over it when the card arrives.

I was transferred to India too. Used the BODX code, said it was expired and offered me 0% for 12 months. How long do you have to wait to know if you've been approved or not?

[angel_wing0]

I was transferred to India too. Used the BODX code, said it was expired and offered me 0% for 12 months. How long do you have to wait to know if you've been approved or not?

just call mbna ottawa after 3-4 business days and ask for application status.

[meg2006]

Anyone got 0.5% fee for MBNA recently? which number did you call? I called and they insisted 1% transfer fee. Thanks

[mcshame]

Anyone got 0.5% fee for MBNA recently? which number did you call? I called and they insisted 1% transfer fee. Thanks

Nope

[angel_wing0]

Anyone got 0.5% fee for MBNA recently? which number did you call? I called and they insisted 1% transfer fee. Thanks

its much harder now thanks to the rfd effect/economy.

[Ad Rock]

yes it will and u will be screwed...apply for another one.

I just activated my MBNA card with the 15 month 0% rate and asked her what happens once the promotional period ends, she said I will just start paying 19.90% from the date that promotional period ends and I will not be charged back interest.

I also read the letter that came with the card and it made no mention of having any back-interest charges at all.

So I don't know what is going on now.

[coopercold]

yes it will and u will be screwed...apply for another one.

Please QUIT spreading mis-information, angel_wing0.

NO, you will NOT be "back-charged" for interest. After the promotional period expires, you will be charged interest at the Standard AIR (which you can find on your statement).

TIP: Call MBNA to request a reduction in your Standard AIR periodically. They will gradually reduce the standard interest rate, to 9.96% or lower. All you need to do is ask. :D

[Hugh Jass]

how do you expect banks to stay afloat paying more than 2.5% for saving when there are accounts like the 1.99 forever, or the 0% for 15 months... banks are like any company, they're there to make a profit, they're not charity organizations.

Do you think a bank has to have deposits totalling their loans they give out? They don't. I can't remember what it's called, but a bank can lend out 10x what's on deposit.

[st7860]

how do you expect banks to stay afloat paying more than 2.5% for saving when there are accounts like the 1.99 forever, or the 0% for 15 months... banks are like any company, they're there to make a profit, they're not charity organizations.

i don't care if they are there to make a profit.

[angel_wing0]

Please QUIT spreading mis-information, angel_wing0.

NO, you will NOT be "back-charged" for interest. After the promotional period expires, you will be charged interest at the Standard AIR (which you can find on your statement).

I just activated my MBNA card with the 15 month 0% rate and asked her what happens once the promotional period ends, she said I will just start paying 19.90% from the date that promotional period ends and I will not be charged back interest.

I also read the letter that came with the card and it made no mention of having any back-interest charges at all.

So I don't know what is going on now.

...pls read this post i made before u make yours:

hmm, i guess my rep lied to me...since i m certain thats what she told me, oh well.

My bad anyway ;)

for the sake of ending this, i will call in and confirm once again.

[superwell]

Do you think a bank has to have deposits totalling their loans they give out? They don't. I can't remember what it's called, but a bank can lend out 10x what's on deposit.

i forgot where i saw the article that banks lend out almost up to 50% more then they own...no wonder they all are going under one by one....

maybe i should buy more cars then i can drive..maybe the government will bail my payments out since I can only drive one at a time... :shake head:

[coopercold]

for the sake of ending this, i will call in and confirm once again.

OR, better, just read the Disclosures for your card:

The Introductory AIR is effective upon the opening of your Account and does not apply to Cash Advances and Purchases. When the Introductory AIR ends, the Standard (non-introductory) AIR is applied to new and outstanding balances consisting of Balance Transfers (including Cheque Cash Advances). If your payment is late or the Account balance is over the credit limit, the Standard AIR will be applied to those balances as of the first day of the billing cycle in which the payment was late or the balance exceeded the credit limit. We reserve the right to change the AIRs at our discretion in accordance with applicable law.

[djino]

i forgot where i saw the article that banks lend out almost up to 50% more then they own...no wonder they all are going under one by one....

maybe i should buy more cars then i can drive..maybe the government will bail my payments out since I can only drive one at a time... :shake head:

Have a watch of this and you'll understand a bit more of why this happens. There wouldnt be much of an economy if banks didn't do this.

http://video.google.com/videoplay?docid=-9050474362583451279

djino

[superwell]

Have a watch of this and you'll understand a bit more of why this happens. There wouldnt be much of an economy if banks didn't do this.

http://video.google.com/videoplay?docid=-9050474362583451279

djino

LOL, thanks that's where i saw it!!

[angel_wing0]

OR, better, just read the Disclosures for your card:

The Introductory AIR is effective upon the opening of your Account and does not apply to Cash Advances and Purchases. When the Introductory AIR ends, the Standard (non-introductory) AIR is applied to new and outstanding balances consisting of Balance Transfers (including Cheque Cash Advances). If your payment is late or the Account balance is over the credit limit, the Standard AIR will be applied to those balances as of the first day of the billing cycle in which the payment was late or the balance exceeded the credit limit. We reserve the right to change the AIRs at our discretion in accordance with applicable law.

i stand corrected then.

Have a watch of this and you'll understand a bit more of why this happens. There wouldnt be much of an economy if banks didn't do this.

http://video.google.com/videoplay?docid=-9050474362583451279

djino

yip and there was a thread in the finance forum about this too...very informational.

[SneakyPete]

I just called Citi asking them about the V8G promo and was told it's actually 0.9%, not 0%. Also asked them if the 0% is good till Apr 2009 or 12 months after your BT (as long as it's made before Apr 2009) and was told if the balance is not paid by Apr 2009 I would get charged the standard rate.


Pretty sure she's wrong or misunderstood me. I probably should try another rep.

[mcshame]

I just called Citi asking them about the V8G promo and was told it's actually 0.9%, not 0%. Also asked them if the 0% is good till Apr 2009 or 12 months after your BT (as long as it's made before Apr 2009) and was told if the balance is not paid by Apr 2009 I would get charged the standard rate.


Pretty sure she's wrong or misunderstood me. I probably should try another rep.

She's correct about the April 2009, not the 0.9%

When your card is activiated, you need to insist your understand is that it's 12 months from when you get the card. They will have to get a manager to "fix" the promotion. That is what happened to me. Call during the weekday, regular hours when people are available and if they will not do it, tell them you will cancel the card as it will be of no use.

[angel_wing0]

I just called Citi asking them about the V8G promo and was told it's actually 0.9%, not 0%. Also asked them if the 0% is good till Apr 2009 or 12 months after your BT (as long as it's made before Apr 2009) and was told if the balance is not paid by Apr 2009 I would get charged the standard rate.


Pretty sure she's wrong or misunderstood me. I probably should try another rep.

u have to apply online to get the 0% for 12 months.

[nickctn]

She's correct about the April 2009, not the 0.9%

When your card is activiated, you need to insist your understand is that it's 12 months from when you get the card. They will have to get a manager to "fix" the promotion. That is what happened to me. Call during the weekday, regular hours when people are available and if they will not do it, tell them you will cancel the card as it will be of no use.

I didn't even have to do any of that... the rep on the phone told me that it would finish in April 2009 when I did my BT in January. I went ahead anyway. When I got my confirmation letter for the BT, it mentioned that the 0% rate applied for 12 months.

[Trooper8111]

hmm, i guess my rep lied to...since i m certain thats what she told me, oh well.

My bad anyway ;)

Please Angel, make sure you have the correct answers to avoid this the next time. The agent did not lie to you, it was a misunderstanding, that is all. You seem to respond quite quickly to everyone's queries based on your interpretation. Many of the answers can already be found in this long, arduous thread or by even calling customer service.

[GP-02]

I didn't even have to do any of that... the rep on the phone told me that it would finish in April 2009 when I did my BT in January. I went ahead anyway. When I got my confirmation letter for the BT, it mentioned that the 0% rate applied for 12 months.

so we can call in and get 0% for 12 months now?!

[GP-02]

I called and told them the promo code "BODX" and they told me that with that I get a balance transfer rate of 1.9%. I felt her out and it did not seem negotiable. Anyone have any suggestions? I've been carrying a balance on my other card at a real high rate and have been meaning to switch so thats the main reason for me.

Thanks in advance.

I did not get mine the first call either. Just keep calling.

[mcshame]

Have a watch of this and you'll understand a bit more of why this happens. There wouldnt be much of an economy if banks didn't do this.

http://video.google.com/videoplay?docid=-9050474362583451279

djino


Enjoyed that...a little freaked out now, but thx.

EDIT: Do balance transfers on credit cards work the same way? Is that why they give 0% as it gives them the ability to loan out more money as you have enter a credit card "loan contract" with them?

[akyyyy]

i stand corrected then.



yip and there was a thread in the finance forum about this too...very informational.


so when this promo expires (this month for me) should we pay off the entire balance before the statement arrives, or wait for the statement.

i dont want any unexpected interest.

thanks

[djino]

so when this promo expires (this month for me) should we pay off the entire balance before the statement arrives, or wait for the statement.

i dont want any unexpected interest.

thanks

If you DO NOT pay it off by the end of the promo, Interest only starts on the first day after the end of the promo (No you will not be back charged interest on the balance you had during the promo period). Call them to find out your exact end date.

To avoid any Interest, the best thing to do (with MBNA at least) is Pay off the entire balance before the promo ends. Apply again for this promo (as they'd give you a new account (new card)) then have them close and move the credit from your existing account to the new card. You are then good to go for another 12-15 months.

djino

[tsgee]

so when this promo expires (this month for me) should we pay off the entire balance before the statement arrives, or wait for the statement.

i dont want any unexpected interest.

Pay before the statement arrives. The fine print says the "Promotional offer will end on your statement Closing date in xxxmonth xxxyear". So if you wait for the statement you'll be charged interest from the statment closing date until you pay the balance.

[phishin_for_goods]

i hope im not being repetitive here, but some of the posts mentioning phone numbers and promo codes are quite dated.

Could someone just repost what the current code to use for :
1.9% for life of balance
and
0% for 15 months

thanks in advance!

[Millstone]

i hope im not being repetitive here, but some of the posts mentioning phone numbers and promo codes are quite dated.

Could someone just repost what the current code to use for :
1.9% for life of balance
and
0% for 15 months

thanks in advance!

Try BODX for the 0%, they may tell you it's expired and give you 12 months instead. Take whatever you can get, these aren't rich times. The phone number in the OP doesn't work anymore, so use the other one.

Me, I called about my application from 3 days ago. The guy (not Indian) said that it hadn't been decided yet but he will do it over the phone. He asked about stuff that was on my credit report. He noted my other 2 MBNA cards (A Platinum Plus that I've had since 2005 that I rarely use, 0 balance, and the BODX Platinum Plus that I got last year). He said they can only give me a "$10,000 exposure" meaning that I can spread out a 10k limit among any number of cards. Naturally I cancelled the 2005 PP card with a ~4000 limit and created a new $5000 limit card to complement the $5000 BODX card. He said expect the card soon...

[616Nickel]

So after a few weeks of reading this forum, I called the MBNA number today (1-877-428-6060) and used the code BODX (from the internet, I told him). I asked for the 15-month 0% card and was told by the Indian rep that it had expired, but there was a 12-month version, with a balance transfer fee of 1%, which I asked him to repeat. When I was satisfied he wasn't slurring "1.9%", I decided to apply.

By the way, near the end they offered me a "credit protection" service. The spiel went on for about a minute, but without any information on the price. Turns out it's $0.99/month per $100 of card balance (or $9.90/month per $1,000, or $99/month per $10,000)! Make sure you say no to this "offer", or you'll quickly lose all the benefits of the 0% interest!

So I want to use this to pay off a line of credit on my chequing account. Assuming I'm approved, how do you make a transfer from a chequing account to the card?

[tsgee]

So I want to use this to pay off a line of credit on my chequing account. Assuming I'm approved, how do you make a transfer from a chequing account to the card?

I assume you mean how to BT to your chequing account?

Either wait for the BT cheques that are sent seperate from the card or have the customer service rep transfer the money when you phone in to activate (just have a cheque handy to read of the transit and account numbers to the rep). If you are going to use the MBNA cheque make sure to take into account the transfer fee, don't go over the credit limit.

[616Nickel]

I assume you mean how to BT to your chequing account?

Either wait for the BT cheques that are sent seperate from the card or have the customer service rep transfer the money when you phone in to activate (just have a cheque handy to read of the transit and account numbers to the rep). If you are going to use the MBNA cheque make sure to take into account the transfer fee, don't go over the credit limit.

Yeah, I should have written: Transfer money FROM the card TO the chequing account.

Thanks very much for the help!

[mecassa]

So I just got my MBA card in the mail today. It says it has the 0.0% offer until Feb 2010. I called to actiavte it and the CSR confirmed that it has the 0% offer. I actiavted it and she asked me if I wanted to do a balance transfer. I said yes, I wanted to transfer to a CIBC LOC. She said that was one of the things she couldn't do (something about CIBC doesn't allow this). I don't have any other account besides my LOC, except for an ING account, (but I didn't know the transit number for the account there). She said I could wait for the balance tranfer cheques and use those. She informed me that I should take care to account for the 1% BT fee when writing the cheque so I don't go over my limit.

My question is, how do most people pay for their min. monthly payment? Can I do it electonically with my CIBC LOC like I pay most of my bills? Do I send them in a written cheque?

[superwell]

So I just got my MBA card in the mail today. It says it has the 0.0% offer until Feb 2010. I called to actiavte it and the CSR confirmed that it has the 0% offer. I actiavted it and she asked me if I wanted to do a balance transfer. I said yes, I wanted to transfer to a CIBC LOC. She said that was one of the things she couldn't do (something about CIBC doesn't allow this). I don't have any other account besides my LOC, except for an ING account, (but I didn't know the transit number for the account there). She said I could wait for the balance tranfer cheques and use those. She informed me that I should take care to account for the 1% BT fee when writing the cheque so I don't go over my limit.

My question is, how do most people pay for their min. monthly payment? Can I do it electonically with my CIBC LOC like I pay most of my bills? Do I send them in a written cheque?


i have just set them up like any other bill payment and transfer funds to it like a bill payment.

[nufan]

you can pay by check if you really want, just make sure you allow plenty of time of mailing it in and allowing them to apply the payment to your account.

Like the above poster I just pay using a Bill Payment in my online banking. Even then make sure you pay before the due date, sometimes for me at least it can take 3-4 business days for the payment to show up.

[mecassa]

thank you both for the advice

cheers

[jhyang23]

When I was setting up the BT with citi on Jan. 30, the rep told me they only need the last 7 digits from my chequing account number, so I told her that my president's choice chequing account number has 10 digitis. But she insisted that she will only take down the last 7 digits.

The BT still hasn't been processed and president's choice rep confirmed that they require all 10 digits in the account number. Citi rep today told me to wait till next Tuesday. If this BT gets declined by then, do I get a good enough bargain power to get the BT fee waived? If so, what is the right strategy? (i.e. talk to the manager?)

Thanks.

[^*^BATMAN^*^]

Just applied with the phone number(18774286060) and gave the code BODX. Offer still good for 12 months.

[bubble.tea]

Finally got my 0%. Woohoo. only half the limit I was asking for though.

Bollox.

Now to see about getting an increase exceptionally and the 1% waived or lowered hehe.

[tha_riddla]

Called today to get more information on the BODX or BODW deal, and the rep called me out saying "You must've read about this deal on red flag deals"...
:(

[cannon_fodder]

If you DO NOT pay it off by the end of the promo, Interest only starts on the first day after the end of the promo (No you will not be back charged interest on the balance you had during the promo period). Call them to find out your exact end date.

To avoid any Interest, the best thing to do (with MBNA at least) is Pay off the entire balance before the promo ends. Apply again for this promo (as they'd give you a new account (new card)) then have them close and move the credit from your existing account to the new card. You are then good to go for another 12-15 months.

djino

Pay before the statement arrives. The fine print says the "Promotional offer will end on your statement Closing date in xxxmonth xxxyear". So if you wait for the statement you'll be charged interest from the statment closing date until you pay the balance.

you can pay by check if you really want, just make sure you allow plenty of time of mailing it in and allowing them to apply the payment to your account.

Like the above poster I just pay using a Bill Payment in my online banking. Even then make sure you pay before the due date, sometimes for me at least it can take 3-4 business days for the payment to show up.

Message to OP - it could be helpful to post the explanation on how to ensure you use these types of no interest CC to their maximum potential in the first post. I've seen these types of questions posted often and a sticky on this could be very beneficial.

[bubble.tea]

Called today to get more information on the BODX or BODW deal, and the rep called me out saying "You must've read about this deal on red flag deals"...
:(

haha LOL.

[angel_wing0]

Called today to get more information on the BODX or BODW deal, and the rep called me out saying "You must've read about this deal on red flag deals"...
:(

u should say: "SO?" :lol:

[mcshame]

After getting my 0% cards, my wife got approval for hers. She has no income (domestic engineer ;) ) but a good credit rating. MBNA asks for your household income, so not working is not an issue. She got $3000 and a credit agent gave her $5000 because of the family situation. BT done...

[bonzo]

My Citi BT finally ended, I called to cancel the card and they told me I could reverse the cancel up to 30 or 90 days. Does this mean I have to wait at least 30 or 90 days before I could attempt to reapply for this? ...If they even allow that.

[Hugh Jass]

My Citi BT finally ended, I called to cancel the card and they told me I could reverse the cancel up to 30 or 90 days. Does this mean I have to wait at least 30 or 90 days before I could attempt to reapply for this? ...If they even allow that.

Sounds like if you regret cancelling, they'll reactivate your card/account within 30/90 days.

Citi requires you to wait 3-6 months before reapplying.

[angel_wing0]

My Citi BT finally ended, I called to cancel the card and they told me I could reverse the cancel up to 30 or 90 days. Does this mean I have to wait at least 30 or 90 days before I could attempt to reapply for this? ...If they even allow that.

it means it will take 30-90 days before the card is fully cancelled.

[meg2006]

When should I cancel my CITI card?

I CITI 0% ends in Feb. so I paid off in Jan. Now on line balance shows $0. Can I cancel the card now or I have to wait till get Feb. statement?

[cinty]

Called with CEAN (still works!) and managed to get the 1.99% for life, but I had to transfer the credit from my existing MBNA card and close it. Unfortunately wasn't able to get new credit, though :(

[angel_wing0]

When should I cancel my CITI card?

I CITI 0% ends in Feb. so I paid off in Jan. Now on line balance shows $0. Can I cancel the card now or I have to wait till get Feb. statement?

well if your online stmt shows $0 then i dont see why not.

[patrob]

Citi requires you to wait 3-6 months before reapplying.
That's correct. I just canceled my 2nd 0% CITI card:D We already went through seven 0% cards incl. MBNA & currently have 3 more ending this year :twisted:
I love free money, well almost free :lol: At one point it was free when CITI had no BT fee.

[DaVibe]

Called today to get more information on the BODX or BODW deal, and the rep called me out saying "You must've read about this deal on red flag deals"...
:(

I would have replied "Why yes I did ... that's why I chose your company over the others" ...
At that point, they may have a problem with accepting the code since I'm sure it's for members only (or whatever they'd like to call it) but realistically, it's a privilege for THIS COMPANY to have your business over another. Don't forget that part of the equation.

[jackwest]

I would have replied "Why yes I did ... that's why I chose your company over the others" ...
At that point, they may have a problem with accepting the code since I'm sure it's for members only (or whatever they'd like to call it) but realistically, it's a privilege for THIS COMPANY to have your business over another. Don't forget that part of the equation.

it's not a "priviledge", its a game. Don't sound so self-entitled. What RFDers are proposing in this thread is to "Abuse" a promotion intended to "Abuse" credit card users.

[anton204]

it's not a "priviledge", its a game. Don't sound so self-entitled. What RFDers are proposing in this thread is to "Abuse" a promotion intended to "Abuse" credit card users.

So what do I say then if they say I found this on RFD? :confused:

Do they automatically deny us now because we are "abusing" this promo?

[st7860]

I would have replied "Why yes I did ... that's why I chose your company over the others" ...
At that point, they may have a problem with accepting the code since I'm sure it's for members only (or whatever they'd like to call it) but realistically, it's a privilege for THIS COMPANY to have your business over another. Don't forget that part of the equation.

+1 I can't agree with you more.

[jackwest]

So what do I say then if they say I found this on RFD? :confused:

Do they automatically deny us now because we are "abusing" this promo?

If they were smart AND cared, this would weigh against you, since this greatly increases the probability that you are attempting to arbitrage the credit card. If I was the manager, I can imagine some mechanisms to evaluate the sincerity of the applicant and this would weigh against approval.

Just say your friend got it.


I'm really tired of the incredibly entitled attitude of RFDers. Yes companies are trying to make money from you but this doesn't mean they are at your command.

[miss_swan]

If they were smart AND cared, this would weigh against you, since this greatly increases the probability that you are attempting to arbitrage the credit card. If I was the manager, I can imagine some mechanisms to evaluate the sincerity of the applicant and this would weigh against approval.

Just say your friend got it.


I'm really tired of the incredibly entitled attitude of RFDers. Yes companies are trying to make money from you but this doesn't mean they are at your command.

I hear what you're saying ... but I think you're overreacting a little bit on this one ...

- MBNA is the one offering this promo
- MBNA retains the right to approve or not approve the application
- it is the cost of doing business nowadays if there are people out of catchment that smell this deal through places like RFD.

I find the whole concept that you're trying to touch upon being that - consumers taking advantage of a "deal" because it's been offered (not necessarily to them but it's available to them anyways through a simple application process) ... as being somewhat dishonorable (and here's the strange part) and somehow putting up on a pedestal the Credit Card companies that offer them.

I say "baloney" - Credit Card companies are not your friend, the are not your Father that you pay penance too and are to be held in high regard.

If they offer it - you can take it - for they can always take away what they offer.

I can see this attitude applied to a company like Nalgene which a couple of months ago had an internal code become advertised and spread through places like FatWallet/RFD etc ... I wouldn't put Nalgene on the same level as an MBNA and thus I feel a bit sorry for them, but even they could have applied some control feature over their coupon in order to restrain "abuse".

[jackwest]

I hear what you're saying ... but I think you're overreacting a little bit on this one ...

- MBNA is the one offering this promo
- MBNA retains the right to approve or not approve the application
- it is the cost of doing business nowadays if there are people out of catchment that smell this deal through places like RFD.

I find the whole concept that you're trying to touch upon being that - consumers taking advantage of a "deal" because it's been offered (not necessarily to them but it's available to them anyways through a simple application process) ... as being somewhat dishonorable (and here's the strange part) and somehow putting up on a pedestal the Credit Card companies that offer them.

I say "baloney" - Credit Card companies are not your friend, the are not your Father that you pay penance too and are to be held in high regard.

If they offer it - you can take it - for they can always take away what they offer.

I can see this attitude applied to a company like Nalgene which a couple of months ago had an internal code become advertised and spread through places like FatWallet/RFD etc ... I wouldn't put Nalgene on the same level as an MBNA and thus I feel a bit sorry for them, but even they could have applied some control feature over their coupon in order to restrain "abuse".

Good points, but completely off. You're projecting your own sense of morality onto my posts, a morality I do not share.

I wasn't making moral arguments. I responded to one poster who basically said, f*ckit, tell them I'm from RFD, I don't care, I'm bringing them MY business.

He was being an ass because silence is superior than suggesting he was a source of ZERO profit.

It's pretty obvious. You're managing a business and there's two types, type S "SUcka" and type R "RFDer". Type S pays off $1000, but type R, you lose $50. Now you have people coming along saying that they are type R. Guess what you should do?

This becomes especially easy if you have an extremely convienent, hidden, and legal way to deny them service, "Oh sorry MR. RFDER , sorry we declined your card"

The point was it's a game. Play the game and don't act like a self-entitled ass, and you'll get farther. I swear to god I'm going to put amoral in my sig so people get the idea I have no morality or make moral arguments.

[bubble.tea]

.....I swear to god I'm going to put amoral in my sig so people get the idea I have no morality or make moral arguments.

why would you take an oath to a lower case 'god'? If anything at least make it the proper "God".

[angel_wing0]

the thing is who cares if we are from rfd, dfr or frd. We are still bringing them money.

[YYZFA]

the thing is who cares if we are from rfd, dfr or frd. We are still bringing them money.

These deals were not intended to be public knowledge. These companies are not advertising them. Their target customers are solicited by the company, and fit a certain criteria, which is undoubtedly designed to maximize their profits. Because people have been pooling their information on a "Hot Deals" forum on RFD, people who would not normally be invited into these promotions are getting them. Most of the RFD members will abide by the terms and conditions of the promotions, and pay no interest for the 12 or 15 months, then pay the card back in full, and start the process over again.

How is that making money for the credit card company? They view it as abuse. The more popular these deals get, the harder it will be to get them. They will likely wise up and insist that only those specifically invited to partake in 0% or 1.99% for life BT's get them.

MBNA or Citi Financial are not making money off of the majority of us RFDers, since by far, we always pay the minimum balance on time, and then pay off the entire balance when it's due. I had $15,000 interest free for a year and 3 months, and they didn't make a cent off of it. They actually lost considerable money on the deal. Now I have the 1.99% for life deal for the same amount. The cost of them lending the money to me will be considerably more then the interest they'll make over the next decade or so, while I'm paying it back $30 a month.

They do not want us, as a group, participating in these great deals, because they lose money on us. They want the type of customer that makes the odd late payment, or can't pay the amount back after the promo has ended, so they can get them for the full BT interest rate.

[st7860]

the thing is who cares if we are from rfd, dfr or frd. We are still bringing them money.



These deals were not intended to be public knowledge. These companies are not advertising them. Their target customers are solicited by the company, and fit a certain criteria, which is undoubtedly designed to maximize their profits. Because people have been pooling their information on a "Hot Deals" forum on RFD, people who would not normally be invited into these promotions are getting them. Most of the RFD members will abide by the terms and conditions of the promotions, and pay no interest for the 12 or 15 months, then pay the card back in full, and start the process over again.

How is that making money for the credit card company? They view it as abuse. The more popular these deals get, the harder it will be to get them. They will likely wise up and insist that only those specifically invited to partake in 0% or 1.99% for life BT's get them.

I agree with you, and furthermore, I couldn't care less how much it costs the company to lend money at 1.99% for life.

[jackwest]

I agree with you, and furthermore, I couldn't care less how much it costs the company to lend money at 1.99% for life.

Yes you should care because how much money they make from you will determine if they make this offer to you. Only someone who is moronically self-centered and myopic would not care if they knew.

I think someone already said something here that made sense, now let's end this little sub thread:

Good points, but completely off. You're projecting your own sense of morality onto my posts, a morality I do not share.

I wasn't making moral arguments. I responded to one poster who basically said, f*ckit, tell them I'm from RFD, I don't care, I'm bringing them MY business.

He was being an ass because silence is superior than suggesting he was a source of ZERO profit.

It's pretty obvious. You're managing a business and there's two types, type S "SUcka" and type R "RFDer". Type S pays off $1000, but type R, you lose $50. Now you have people coming along saying that they are type R. Guess what you should do?

This becomes especially easy if you have an extremely convienent, hidden, and legal way to deny them service, "Oh sorry MR. RFDER , sorry we declined your card"

The point was it's a game. Play the game and don't act like a self-entitled ass, and you'll get farther. I swear to god I'm going to put amoral in my sig so people get the idea I have no morality or make moral arguments.

[angel_wing0]

These deals were not intended to be public knowledge. These companies are not advertising them. Their target customers are solicited by the company, and fit a certain criteria, which is undoubtedly designed to maximize their profits. Because people have been pooling their information on a "Hot Deals" forum on RFD, people who would not normally be invited into these promotions are getting them. Most of the RFD members will abide by the terms and conditions of the promotions, and pay no interest for the 12 or 15 months, then pay the card back in full, and start the process over again.

How is that making money for the credit card company? They view it as abuse. The more popular these deals get, the harder it will be to get them. They will likely wise up and insist that only those specifically invited to partake in 0% or 1.99% for life BT's get them.

MBNA or Citi Financial are not making money off of the majority of us RFDers, since by far, we always pay the minimum balance on time, and then pay off the entire balance when it's due. I had $15,000 interest free for a year and 3 months, and they didn't make a cent off of it. They actually lost considerable money on the deal. Now I have the 1.99% for life deal for the same amount. The cost of them lending the money to me will be considerably more then the interest they'll make over the next decade or so, while I'm paying it back $30 a month.

They do not want us, as a group, participating in these great deals, because they lose money on us. They want the type of customer that makes the odd late payment, or can't pay the amount back after the promo has ended, so they can get them for the full BT interest rate.

We do need to pay the 1% (or 0.5%) bt fee to use the promo. It is their choice to take in ppl even without official invitations. It would be stupid to not use it if they let us.

But to be fair, we should not be able to use the card after the first promo. That I agree with. It's a MBNA loophole.

[YYZFA]

.....But to be fair, we should not be able to use the card after the first promo. That I agree with. It's a MBNA loophole.

No, we should be able to take advantage of whatever we are able to negotiate for ourselves. I'll take advantage of really cheap money for as long as they'll let me. It's fair game.

If MBNA doesn't like it, then they will be the ones to tighten their lending criteria. It wouldn't be that hard. Each person who actually gets invited, gets a unique code on their application, and that code identifies that person in the computer. They surely can put this information in the computer system as well, so they could verify that you were actually invited to enjoy this promotion.

They could (and probably should) deny the application if you don't have the exact code. In order to get your business, they could offer you a less lucrative promotion.

Either way, the decision rests with the company. If they want to offer me 0% over and over, then I'll take it without worrying about it.

Somebody just said that it is not wise to let the CSR know that you learned about this promotion from RFD. They can still approve you, but it will get some people denied. Tell them your friend or neighbour got it, and that they were told that they could pass the information on to their friends, or something like that.

It's not about fairness to MBNA. It's about smart negotiating, because they do not make money off of the RFD demographics. The 1% BT fee will not cover their lending costs.

[angel_wing0]

Either way, the decision rests with the company. If they want to offer me 0% over and over, then I'll take it without worrying about it.

That's my pt as well. If they offer it to us, it will be dumb not to use it. I think it's not fair, but hey, if they let me, of cuz i m going to use it.

If it's really hurting their bottom line, they will just stop the entire promo and/or have restrictions.

[YYZFA]

That's my pt as well. If they offer it to us, it will be dumb not to use it. I think it's not fair, but hey, if they let me, of cuz i m going to use it.

If it's really hurting their bottom line, they will just stop it with a snap.

What's not fair about it? It's their business. It may not be smart, but it's fair. You really don't understand my point. Like jackwest, I'm not making a moral argument. I'm talking about not making a strategic blunder by admitting that you got it off of RFD. I'm not saying this because I feel really bad for taking advantage of poor little MBNA. I'm saying this since we are not really the type of customer that they really are actively marketing, it increases your chances of them denying you, based on the information you are giving them.

Please leave 'fairness" toward credit card companies out of it. Being concerned about how we treat them is laughable at best. They are hoping to get you on a technicality, so they can get you for extremely high interest rates.

[jackwest]

YYZFA,

Our point was well made long ago. A couple people out of the hundreds here are so uncomprehending, not just of the english language, but interestingly, of themselves as well, that they are arguing their own feelings that they have projected onto some posts. I see this all the time.

Unless the author is narcissistic or has a common hobby, the calibre and content of alot of posts on RFD is low. Basically being here suggests you have a pretty low opportunity cost, and the persona's I've seen suggest of youth and naivety.

Lurkers tend to be older, wiser, and I'm sure many have just nodded their heads when they read my posts.

[angel_wing0]

Please leave 'fairness" toward credit card companies out of it. Being concerned about how we treat them is laughable at best. They are hoping to get you on a technicality, so they can get you for extremely high interest rates.

It doesn't matter if I understand your point or not. Like I said, I think it's unfair to them, but I couldn't really care less since they are giving us a deal. That's all I am saying. You make me sound like I am really concerned about them which I am not. It's just business.

EDIT: anyway, no need to discuss with me anymore, need sleep :)

[YYZFA]

YYZFA,

Our point was well made long ago. A couple people out of the hundreds here are so uncomprehending, not just of the english language, but interestingly, of themselves as well, that they are arguing their own feelings that they have projected onto some posts. I see this all the time.

Unless the author is narcissistic or has a common hobby, the calibre and quality of alot of posts on RFD is low. Basically being here suggests you have a pretty low opportunity cost, and the persona's I've seen suggest of youth and naivety.

Lurkers tend to be older, wiser, and I'm sure many have just nodded their heads when they read my posts.

I've already given up on this individual to comprehend my point. If I'm forced to continue the dialogue, I'll have to use the "Picard Facepalm", as I've actually run out of words to convey my point. I'll refrain because he once got really mad at me for disagreeing with him, and I don't want that to happen again.

[jackwest]

I've already given up on this individual to comprehend my point. If I'm forced to continue the dialogue, I'll have to use the "Picard Facepalm", as I've actually run out of words to convey my point. I'll refrain because he once got really mad at me for disagreeing with him, and I don't want that to happen again.

By the way I was impressed with your posts. You actually write English, and compose your words with thoughts with the goal of explaining something, as opposed to many people who don't seem to reflect on a topic before squirting out a thin stream of consciousness and walking away.

[YYZFA]

By the way I was impressed with your posts. You actually write English, and compose your words with thoughts with the goal of explaining something, as opposed to many people who don't seem to reflect on a topic before squirting out a thin stream of consciousness and walking away.

Thanks.

I hate "internetspeak" ("cuz", "wut", and even "lol"). I don't force my opinion about this on others, but I will never write like that. Paragraphs and a relevant point are useful too. I guess I did learn something useful in school.

[mcshame]

Let's stop with the personal attacks and get back on topic. This thread is about getting low interest credit card deals.

[djino]

Let's stop with the personal attacks and get back on topic. This thread is about getting low interest credit card deals.

+1

djino

[godrack]

She's correct about the April 2009, not the 0.9%

When your card is activiated, you need to insist your understand is that it's 12 months from when you get the card. They will have to get a manager to "fix" the promotion. That is what happened to me. Call during the weekday, regular hours when people are available and if they will not do it, tell them you will cancel the card as it will be of no use.


Card Ordered 10 days ago , received , and called for BT ..no need to ask for adjustement it was already settup for 0% 12 months according to the rep when asked for the BT...1% transfer fees..

[st7860]

the 3.99% for life MBNA offer is still valid, it might be handy for people who don't want to call in and instead prefer filling out a form.
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw

[miss_swan]

YYZFA,

Our point was well made long ago. A couple people out of the hundreds here are so uncomprehending, not just of the english language, but interestingly, of themselves as well, that they are arguing their own feelings that they have projected onto some posts. I see this all the time.

Unless the author is narcissistic or has a common hobby, the calibre and content of alot of posts on RFD is low. Basically being here suggests you have a pretty low opportunity cost, and the persona's I've seen suggest of youth and naivety.

Lurkers tend to be older, wiser, and I'm sure many have just nodded their heads when they read my posts.


I enjoy an intelligent discourse like any other person ... however, I have the ability to also pick up on intellectual "arrogance" as well :) as well as assumption.

When you infer "pretty low opportunity cost" I find that quite interesting for it suggests that your own opportunity cost is low as well? - otherwise why would you be here yourself? What is the cost of you being at RFD when you could be doing something else? Personally, I like being here at RFD ... I don't live here like some others ... but that's not up to me to judge ...

In addition, making an assumption on the factors involved why other people would want to be at RFD is presumptious in itself ... yes, I agree with you that there are many ding dongs here at RFD and even with the "youth and naievete" part ... but expressing the whole " .... knowing people who read my posts pat me on the back and nod in agreement " stuff ... is something we all like to say because it assuages our ego ... but putting that on a forum, well, it invites others to say "hey, your opinion is your own - not necessarily better or worse, but the quality is also up for assessment as well."

I've discoursed with many "smart" people and i'm amazed at some of the intellectual pitfalls they step into ... but hey, what does my opinion count for? My opportunity-cost for trolling here at RFD must be pretty low ... since I could be spending more of my time working on my PhD?

The other things about "projecting morals" that has been discussed in the past ... well, it goes both ways ... if "projecting morals" is off-base ... then why would anyone care for this "deal" apart from the technicality of it? If one is adverse to the positioning of RFD'ers taking "advantage" of this deal but not of a particular demographic ... then that in itself is a statement of moral standing if one is not in agreement, is it not?

Anyways, I enjoy your posting (not trying to be syncophant) ... but sometimes it's beneficial being a Devil's Advocate.

[mcshame]

the 3.99% for life MBNA offer is still valid, it might be handy for people who don't want to call in and instead prefer filling out a form.
http://s0b.bluestreak.com/ix.e?tr&s=3865337&a=7034150&u=https%3A%2F%2Fwww%2Eapplyonlinenow%2Ecom%2Fcanad a%2Fbaatcanw

Someone had posted this 1.99% link

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[st7860]

Someone had posted this 1.99% link

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

thanks, i updated the first post.

[jumbojones]

So how soon after the first year does the interest rate go up? And to what percentage?

[MoreYummy]

Card Ordered 10 days ago , received , and called for BT ..no need to ask for adjustement it was already settup for 0% 12 months according to the rep when asked for the BT...1% transfer fees..

Is it for MBNA? When I called them, they told me its no longer available....

Any idea or link to it?

[Halifax55]

Is it for MBNA? When I called them, they told me its no longer available....

Any idea or link to it?

Click on the link in the previous post for the 1.99 rate...still active!

[MoreYummy]

Ok.

What about the 0% promotion? No longer available?
I just called using BODX, he told me it expired...

[godrack]

Is it for MBNA? When I called them, they told me its no longer available....

Any idea or link to it?

NO , it's the CITI 0% 12 month

[riverve]

Hi, I've been reading the posts for a while. I have about 6k student loan and need to start repaying this march. My friend told me I could pay the loan with a 0% credit card to avoid the interest. So far what I found for 0% AIR is CITI platinum and diamond card. I still have a couple questions if anyone could help if they know the answers. So... do they usually start off giving you a fairly low limit? My td rebate card has about 6k limit. And how do I know if I'll get 12 month 0% for sure? I read the disclaimer on the citi website, they have 6 months, 9 months and 12 months 0% depends on your credit rating. Could anyone post the link for mbna 0%? I can't seem to find it on thier website.
And, once you got the card approved, do you still have to make minimum payment each month? or you can kinda of just pay whenever you have extra cash? Thanks a lot.

[Waiwai]

Hi, I've been reading the posts for a while. I have about 6k student loan and need to start repaying this march. My friend told me I could pay the loan with a 0% credit card to avoid the interest. So far what I found for 0% AIR is CITI platinum and diamond card. I still have a couple questions if anyone could help if they know the answers. So... do they usually start off giving you a fairly low limit? My td rebate card has about 6k limit. And how do I know if I'll get 12 month 0% for sure? I read the disclaimer on the citi website, they have 6 months, 9 months and 12 months 0% depends on your credit rating. Could anyone post the link for mbna 0%? I can't seem to find it on thier website.
And, once you got the card approved, do you still have to make minimum payment each month? or you can kinda of just pay whenever you have extra cash? Thanks a lot.

Repayment - you will still have to pay the minimum, if you miss the minimum payment for the due date, the interest rate will be reverted back to what the normal rate is. I believe MBNA is $10/mth, and Citi is 3%/mth (someone correct me if I am wrong).

Credit Limit - based on your credit history, MBNA tends to give out more credit (in the past, not sure about the present).

[boyoflondon]

Repayment - you will still have to pay the minimum, if you miss the minimum payment for the due date, the interest rate will be reverted back to what the normal rate is. I believe MBNA is $10/mth, and Citi is 3%/mth (someone correct me if I am wrong).

Credit Limit - based on your credit history, MBNA tends to give out more credit (in the past, not sure about the present).

Citi is 2.1% ;)

[flito ray]

got approve for 20K. I argue with manager about waiving 1% fee he wouldn't budge. I threaten to close the account and he said fine. As he was about to do that I said nevermind and agree to the 1% fee.

[riverve]

What about credit limits? What happens if they only give me like $500 limit to start? I got 6k student loan to pay. I can't seem to find the MBNA one, is there any difference between citi platinum and diamond? Thanks

[mecassa]

I finally got the 0% BT cheques in the mail today. Good bye 5.0% student loan!!!

I'm hoping it will save me about $700 in interest.

[krausj]

ONLINE link for the 1.99% MBNA for life try it



https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[Dealll]

got approve for 20K. I argue with manager about waiving 1% fee he wouldn't budge. I threaten to close the account and he said fine. As he was about to do that I said nevermind and agree to the 1% fee.

I have also asked for waiving 1% fee. They said they could do it for, say, 6.99% yearly but never for 0% promo. Still not a bad deal

[anton204]

Applied for the Citi 0% online

So how long should I wait till I call back to find out the status of my application?

[coopercold]

I have also asked for waiving 1% fee.

Don't ask them to waive it outright - that's rude! Ask them to reduce it. I got 0.5%, just for asking nicely (on the 1.99% promo). Having another long-standing account with them might've helped in my case, though! :cheesygri

[alanbrenton]

got approve for 20K. I argue with manager about waiving 1% fee he wouldn't budge. I threaten to close the account and he said fine. As he was about to do that I said nevermind and agree to the 1% fee.

This one's for a good laugh, especially with the markets down.

[markdweasel]

Applied for the Citi 0% online

So how long should I wait till I call back to find out the status of my application?

What's the link and promotion code?
please PM if sensitive.

Thanks.

Mark

[angel_wing0]

its on the first post...

[dablackgoku1234]

I read the fine print on the Citibank Mastercard and I'm a bit confused. Is it 0% interest for 12 months, or 0% interest until April 09? Sounds like the later according to the disclaimer...

* 0% introductory annual interest rate offer applies to transferred balances posted to your Citi MasterCard account pursuant to this offer and expires on the earlier of the Statement Date shown on your April 2009 Citi MasterCard account statement or the date those balances are paid in full.

[anton204]

What's the link and promotion code?
please PM if sensitive.

Thanks.

Mark

First page it had this:

0% for 12 months - Citibank Mastercard, no annual fee. 1% transaction fee
http://www.citicards.ca/canada/cards...ccess_code=V8G

I read the fine print on the Citibank Mastercard and I'm a bit confused. Is it 0% interest for 12 months, or 0% interest until April 09? Sounds like the later according to the disclaimer...

I was wondering the same thing... :confused:

[Yelo]

hey guys, i applied for the mbna 15 months 0% card last yr and I've received a mbna platinum plus mastercard. But no where in the package mentioned the 0% for 15 months thing... how do I know if I actually got a 0% card?!?!

[tsgee]

hey guys, i applied for the mbna 15 months 0% card last yr and I've received a mbna platinum plus mastercard. But no where in the package mentioned the 0% for 15 months thing... how do I know if I actually got a 0% card?!?!

It's in the Account Agreement under the 'Annual Interest Rates' section. The paragraph that reads 'Promotional Offer ID', also under this section is the starting date and Month/YR closing date of the offer.

[Yelo]

thanks tsgee!! I found it :cheesygri

[angel_wing0]

I read the fine print on the Citibank Mastercard and I'm a bit confused. Is it 0% interest for 12 months, or 0% interest until April 09? Sounds like the later according to the disclaimer...

as long as u apply online it will be 0% for 12 months even though the page says 0.9% until april 09. I have heard ppl getting 0% for 12 months applying thru the phone too even thou the rep mentions 0.9% till april 09...ymmv.

[anton204]

as long as u apply online it will be 0% for 12 months even though the page says 0.9% until april 09. I have heard ppl getting 0% for 12 months applying thru the phone too even thou the rep mentions 0.9% till april 09...ymmv.

Thanks for the info... I'll try giving them a call in a few days (or is that too soon). I'll see if they say the same to me.

[angel_wing0]

Thanks for the info... I'll try giving them a call in a few days (or is that too soon). I'll see if they say the same to me.

i will say it will be better if u apply thru the link on the op.

[riverve]

can anyone post the link for citi bank 0% credit card here? I went to their website and couldn't find any 0% credit cards. Please help. Thanks. I'm planning to use the 0% credit card to pay for my student loans. So do I just pay the loan with the card? This is not Balance transfer, is it? just making sure this works.

[springbok]

called mbna re: the 1.99% for life offer 2 times now. They keep saying they do not have the deal and asked me to call customer service. c/s then gives me another 1-866 number to call, where everything you hear is french!!

i then did the online app.....after clicking submit, the page jumped back to the home page, so i got no confirmation screen. called c/s again the next day and spoke to credit dept. they did not have anything on their system re: my online app. they then gave me that french number again!

wth??

[dinesh_zee]

is anyone here who got the CITI 0% offer for the second time? any specific problems?

it has been more than 6 months since my CITI 0% offer ended... thinking abt applying for the second time...

[Ruski1982]

ONLINE link for the 1.99% MBNA for life try it



https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

how is that 1.99% for life? At the bottom of the page it clearly states:

"Transfer balances now and take advantage of the low introductory interest rate - 1.99%."

[Ruski1982]

This one's for a good laugh, especially with the markets down.

you know what else is a good laugh is AMEX approving ppl for $50k+ business Gold Cards with 25,000 Aeroplan points to businesses that dont exist lol

[bubble.tea]

can anyone post the link for citi bank 0% credit card here? .....
Try

Post...


Number....



ONE!


lolz...



I first asked for 10K on my MBNA., got the card, was given 5K. So I had to call in and ask for 10K. They ran another credit check and said, yep approved. So they essentially did TWO credit evals on me? What gives? If I was approved all along, why have to make me jump through this loop?

Also consolidated the limit on an old CC (not nearly my top3 oldest so I figured no need to keep it) and closed it.

Now to get 0% bt fee...maybe they'll make me a "one-time exception" since my username is bbt :D?

[starchoice]

Not sure why there would be two extensive threads on the same MBNA 1.99% for life. These should be merged since it makes it difficult to track developments:

http://www.redflagdeals.com/forums/showthread.php?t=618355

[coconut_head]

Will doing a Balance Transfer on this card affect my current credit score?

I am planning to use this card to re-finance my car loan, would this be a good idea?

Thanks in advanced.

[T3rry]

Will doing a Balance Transfer on this card affect my current credit score?
no
I am planning to use this card to re-finance my car loan, would this be a good idea?
yes, if you think you can pay your car off in a year
Thanks in advanced.You're welcome in the past.

[animatic]

Hi all

I just realized I have an existing Citi Mastercard and they just upped my limit.

Is there a way to do a 0% balance transfer with the existing card, or do I have to apply for a new one?

If I do get a new one with a small limit, will I be able to combine the cards before doing the BT? Thanks!

[Yelo]

A question about the 1% fee... Let's say i have a 20k limit, and I write myself a 20k cheque. How do they charge me for the 1% fee. Like it wouldn't count toward my limit right?

[djino]

A question about the 1% fee... Let's say i have a 20k limit, and I write myself a 20k cheque. How do they charge me for the 1% fee. Like it wouldn't count toward my limit right?

IT WOULD Count towards your limit. So you need be careful. You have to take into account that 1% fee, as its applied to your account at the sametime as the Balance Transfer Amount is added.

Furthermore, you are not under a 0% Promo, then you'd want to save room for the interest occured. If you are on the 0% PRomo, and you go over the limit, guess what, you are no longer on the 0% Promo. :)

djino
"Watch out for that"

[Yelo]

omg!! I almost fell into that trap. Thanks Dijno!! Have to write myself another cheque now. :cheesygri

[djino]

omg!! I almost fell into that trap. Thanks Dijno!! Have to write myself another cheque now. :cheesygri

Np.

Well if you had already deposited the cheque.. or if you still wanted to use that cheque.. I'd suggest you run to a Western Union place and send an immediate payment to MBNA to cover the balance that would bring you over before the cheque clears.

djino

[T3rry]

Np.

Well if you had already deposited the cheque.. or if you still wanted to use that cheque.. I'd suggest you run to a Western Union place and send an immediate payment to MBNA to cover the balance that would bring you over before the cheque clears.

djino

that doesn't really work, i did that, sent an electronic payment for the BT fee at the same time as requesting the BT, they applied the payment right away, so then after i got my statement, the fee was in my minimum payment due again, i had to phone in and explain the situation before they'd make an exception for me.

[jiepie]

Has anyone done the following:

Received a new MBNA card (0% for 15 mths) and ask during activation to combine an existing MBNA (1.9% for 12 mths) with a sizable balance to the new card?

I just received my new MBNA card (0% until Feb. 2010) with a puny credit limit of $5,000. I currently have a MBNA card (1.9% until Apr. 2009) with a credit limit of $38,000 with a $37,500 balance.

Is it absolutely necessary to pay off the balance of the old MBNA card then ask for the old limit to be added to the new card? Even if I do pay off the old balance has anyone been blocked from adding a sizable old card limit to the new card? Any tips from experience?

Just want to get an idea before I try and execute this.

now, it seems like mbna let you transfer old balance to the new card, but the promotion wont be extended for the old balance.

anyone know how to get mbna combine the two cards and extend the promotion for the old balance?

[tasamy]

Can the BT fees be claimed as investment expenses in the tax return (refund required) and how this can be reported?

I just invested the money in a short term GIC!

[riverve]

Hi, I got my mbna 0% for 15 months approved. I'll be using it to pay for my student loan which is about 6k. They limit they give me right now is only 3500. How do I increase that? I've just phoned the credit branch to double check my application. It's approved but they're not willing to increase it higher than 3500 because of my income. I have 2 part time jobs and I'm making about 30k per year. What should I do now?
one more question, how do I transfer my student loan balance to the mastercard?

[morglum82]

If so , how?
Thanks

[TRAVEL]

Hi there,

My CITI 0% card is expiring in April 09 & the outstanding balance is about $6000 & I cannot pay it off before April. Just wondering if I should apply for MBNA 1.99% for life or 0% 15 months promotion using the promotion code now & do the balance transfer? (I heard 0% for 15 months has already expired from the previous posts but not confirmed.) Please help.

[nufan]

Hi there,

My CITI 0% card is expiring in April 09 & the outstanding balance is about $6000 & I cannot pay it off before April. Just wondering if I should apply for MBNA 1.99% for life or 0% 15 months promotion using the promotion code now & do the balance transfer? (I heard 0% for 15 months has already expired from the previous posts but not confirmed.) Please help.

It's pretty straight forward, if you feel you can pay off your $6000 loan within a year, go for the 0% one, if you need longer, go for the 1.99% for life one.

From what this and the other threads suggest the deals appear to still be active (cant see anything suggesting otherwise). Providing your credit is fine I am sure you won't have a problem being approved.

[SneakyPete]

Just got approved for a 0% for 12 month card, but I think the 1.99% would work better for me. What are the chances of getting approved for another card? Or is it possible for them to switch the promo for me?

[aingaran]

Just got approved for a 0% for 12 month card, but I think the 1.99% would work better for me. What are the chances of getting approved for another card? Or is it possible for them to switch the promo for me?

You will likely have to apply and get approved for a new card; Once approved, you will perform another BT to the new card.

[haybird]

It seems this 0% for 12 months deal is the luck of the draw. When I applied using the posted code I was told, "that code is 2 years old". He told me there was a .09% but I needed the proper code.

I have been flipping between NBNA and Citi for a while. Build a inground pool interest free. Maybe they caught on to me.

[knapper]

I have been flipping between NBNA and Citi for a while. Build a inground pool interest free. Maybe they caught on to me.

I building mine on the back of 2% for life...

[Jucius Maximus]

So I recently finished paying off my 0% BT, and then they increased my limit by about $3K. I phoned up Citi to cancel the card because I had no need for it.

They did not argue at all! I expected some kind of offer, or for retentions to argue with me for a while. But nothing. They just cancelled it.

Citi must be doing pretty badly if they don't argue about cancelling consumer credit products.

[boyoflondon]

So I recently finished paying off my 0% BT, and then they increased my limit by about $3K. I phoned up Citi to cancel the card because I had no need for it.

They did not argue at all! I expected some kind of offer, or for retentions to argue with me for a while. But nothing. They just cancelled it.

Citi must be doing pretty badly if they don't argue about cancelling consumer credit products.


Your account got closed as per your request without retention as you were not 'worth keeping' ;)

Keep in mind that depending on when you called, retention might have been closed so that might have also played a factor in why your account 'just got closed'.

[flito ray]

anyone know if i can pay my mortgage with the 0% card?

[Ikerr1974]

They did not argue at all! I expected some kind of offer, or for retentions to argue with me for a while. But nothing. They just cancelled it.



I just canceled my President Choice card today and did not get any offers to stay with them. They even asked why, told them that the interest rates are too high. They thanked me for my business and said your account is now closed.

[Hugh Jass]

anyone know if i can pay my mortgage with the 0% card?


What you do with the cash is your own business.

[mcshame]

anyone know if i can pay my mortgage with the 0% card?

yes, that's what I'm doing

[Lukus]

221 pages long so far! :eek:

I'm sure many would appreciate if someone who has been following this thread could update us on what is still in effect, including promo codes.

Now here's my situation... I have 4 credit cards totalling about 30k of credit limit with a little less than half taken up. Included in those are an MBNA and a Citi card. I would like to get one of those low interest for life card and transfer all 4 cards to it and then cancel them.

Is the deal still on and how would that work since I'm sure I won't get accepted if it means I have to qualify for a 45K credit limit (given that I already have a 30K limit and would need at least a 15K increase while i transfer the other cards).

[Hugh Jass]

....... Included in those are an MBNA and a Citi card. I would like to get one of those low interest for life card and transfer all 4 cards to it and then cancel them.

Is the deal still on and how would that work since I'm sure I won't get accepted if it means I have to qualify for a 45K credit limit (given that I already have a 30K limit and would need at least a 15K increase while i transfer the other cards).

Your best bet is probably to apply for a new MBNA one, as they allow you to hold more than one of their cards at any one time. Once you get approved for that, you can merge the two credit limits together and BT the full amount ( less the 1% bt transfer fee to stay under your limit).

Careful with cancelling credit cards, if you've held them for a long time, it can affect your credit rating.

[azia]

I see that a lot of people here are essentially using the cash advance cheques or balance transfers from the NEW card to pay off their existing MBNA card. However, on the back of the checks and the fine print that came with the card itself they both say that you may not do this.

Can someone clarify for me?

To my understanding, I could make a check out to myself for the exact balance of my old MBNA card. Once deposited in my bank account, I could then use that money to pay off my old MBNA, thereby transferring the debt to the new MBNA card. Is this true? Is there some other way I should be doing it?

[ccw998]

Hi,

Anyone have the 0/15 code for online application??

Thanks!!

[boyoflondon]

To my understanding, I could make a check out to myself for the exact balance of my old MBNA card. Once deposited in my bank account, I could then use that money to pay off my old MBNA, thereby transferring the debt to the new MBNA card. Is this true? Is there some other way I should be doing it?


True ... you just cant use that chq to pay off the card directly.

[Halifax55]

True ... you just cant use that chq to pay off the card directly.
Someone said this previously...but to answer your question, I did a balance transfer to my line of credit and then used that money to pay off my other MBNA card...they will transfer the money to a bank account or you write yourself a cheque and put the money in your bank account (any bank account) and then when the money is there, bob's your uncle to do what you will with it.

[ynchu]

To my understanding, I could make a check out to myself for the exact balance of my old MBNA card. Once deposited in my bank account, I could then use that money to pay off my old MBNA, thereby transferring the debt to the new MBNA card. Is this true? Is there some other way I should be doing it?

That will be just fine, that's exactly what I am doing. Consolidation of debt.

[ynchu]

omg!! I almost fell into that trap. Thanks Dijno!! Have to write myself another cheque now. :cheesygri

You can also pay via bank wired transfer. As long as the posting date is earlier than the cheque clearing date, you will be fine.

[sikanwang]

anyone know if i can pay my mortgage with the 0% card?

that's what I did with my 0% Citi mastercard offer.

[chris103610]

i just screwed over my friend...

he was in debt for about 2k on his other visa.
i told him about this deal because the juice on his card was 19% so this 0% would save him some interest-money.. and $20 for the BT fee. what a steal.

he got approved for a $2500 limit. put the 2k of debt on this new MBNA 0% card and now has $1500 racked up on his 1st card....(can someone please explain to me HOW he could have gotten a $2500 limit if he's 2k in debt? this makes no sense to me. i figured he'd get $1000 or maybe less???)

I got really pissed. because i did this so he could save on interest. instead he racks MORE debt up on his first visa because there was no debt on it so he figured he should spend more money?

now i feel guilty.. before he was content with 2k in debt.. not he's 3500$ deep. and it's essentially my fault.

Please be aware. I DO NOT want this to happen to anyone else...

This does NOT mean you can spend MORE money on your original Visa.

[boyoflondon]

i just screwed over my friend...


Why do you feel responsible?

Its their stupidity that will eventually catch up to them and bite them in the ass. If someone wants to get in debt and make stupid decisions, then by all means go ahead and ruin your future/credit.

[angel_wing0]

i agree, it's not your fault at all and u shouldnt feel guilty. You did your part and try to help your friend.

[azia]

great! thanks for the help everyone!

[Jucius Maximus]

Your account got closed as per your request without retention as you were not 'worth keeping' ;)

Keep in mind that depending on when you called, retention might have been closed so that might have also played a factor in why your account 'just got closed'.
Good point, I did phone around midnight.

[Jucius Maximus]

i just screwed over my friend...

he was in debt for about 2k on his other visa.
i told him about this deal because the juice on his card was 19% so this 0% would save him some interest-money.. and $20 for the BT fee. what a steal.

he got approved for a $2500 limit. put the 2k of debt on this new MBNA 0% card and now has $1500 racked up on his 1st card....(can someone please explain to me HOW he could have gotten a $2500 limit if he's 2k in debt? this makes no sense to me. i figured he'd get $1000 or maybe less???)

I got really pissed. because i did this so he could save on interest. instead he racks MORE debt up on his first visa because there was no debt on it so he figured he should spend more money?

now i feel guilty.. before he was content with 2k in debt.. not he's 3500$ deep. and it's essentially my fault.

Please be aware. I DO NOT want this to happen to anyone else...

This does NOT mean you can spend MORE money on your original Visa.

You did not screw over your friend...

In many cases, the reason people rack up big credit card debt is that their behaviour is wrong, resulting in improperly managed finances.

This happens all the time on a larger scale, especially in the US, with home equity loans. The people have 20K, 30K, 50K+ of CC debt so they get this big home equity loan to pay it off. But the underlying problem of bad financial management was never fixed, so their credit cards just get up to that level again.

It is their own fault, and more credit is just more trouble unless they fix the underlying behaviour. For such people NO CREDIT is the best solution.

[mecassa]

Some people are just bad with money. If they have access to it, they spend it.

There's not much you can do about it.

i just screwed over my friend...

he was in debt for about 2k on his other visa.
i told him about this deal because the juice on his card was 19% so this 0% would save him some interest-money.. and $20 for the BT fee. what a steal.

he got approved for a $2500 limit. put the 2k of debt on this new MBNA 0% card and now has $1500 racked up on his 1st card....(can someone please explain to me HOW he could have gotten a $2500 limit if he's 2k in debt? this makes no sense to me. i figured he'd get $1000 or maybe less???)

I got really pissed. because i did this so he could save on interest. instead he racks MORE debt up on his first visa because there was no debt on it so he figured he should spend more money?

now i feel guilty.. before he was content with 2k in debt.. not he's 3500$ deep. and it's essentially my fault.

Please be aware. I DO NOT want this to happen to anyone else...

This does NOT mean you can spend MORE money on your original Visa.

[Hugh Jass]

you did not screw over your friend...




+1

[alanbrenton]

i just screwed over my friend...

he was in debt for about 2k on his other visa.
i told him about this deal because the juice on his card was 19% so this 0% would save him some interest-money.. and $20 for the BT fee. what a steal.

he got approved for a $2500 limit. put the 2k of debt on this new MBNA 0% card and now has $1500 racked up on his 1st card....(can someone please explain to me HOW he could have gotten a $2500 limit if he's 2k in debt? this makes no sense to me. i figured he'd get $1000 or maybe less???)

I got really pissed. because i did this so he could save on interest. instead he racks MORE debt up on his first visa because there was no debt on it so he figured he should spend more money?

now i feel guilty.. before he was content with 2k in debt.. not he's 3500$ deep. and it's essentially my fault.

Please be aware. I DO NOT want this to happen to anyone else...

This does NOT mean you can spend MORE money on your original Visa.

Depends exactly on what he spent the additional thousand on. Did he take up some educational courses, contribute to his RRSP or just blew the amount away on wining and dining?

[jchanq]

+1

+2

[240sxer]

+2

+3

[FoxmanFX]

Ok I just tried using this thread (1st post) with the following results

MBNA 1-866-544-4104
This number is out of service. Other number works.

BODX code - CSR informed me its old and expired.

The Call:
Informed him I was looking for 0% for 15 months.
He offered me 1.99% for 12.
Quoted BODX - no go - same offer
Mentioned (as per 1st post) that citibank has 0% for 12 months.
Put me on hold, came back and offered me same deal (0% for 12mths).

I didnt feel like messing around as this suited my needs, and this seems to match BTZP code, so I accepted that.

Now to see if I get approved ;)

Thanks OP!

(1st post needs to be updated however...)

[chris103610]

thanks guys.
but as you can imagine i can't help but feel some guilt.

he's really bad with money. and it's hard to see a friend like this

[Psilosin]

its only $3500... ??? If thats killing your friend then they shouldn't have had any credit cards in the first place.

But if you knew your friend has problems with money then yeah I guess it is like handing a junkie some smack. Shame shame! :lol: (just kidding)

[miss_swan]

i just screwed over my friend...

he was in debt for about 2k on his other visa.
i told him about this deal because the juice on his card was 19% so this 0% would save him some interest-money.. and $20 for the BT fee. what a steal.

he got approved for a $2500 limit. put the 2k of debt on this new MBNA 0% card and now has $1500 racked up on his 1st card....(can someone please explain to me HOW he could have gotten a $2500 limit if he's 2k in debt? this makes no sense to me. i figured he'd get $1000 or maybe less???)

I got really pissed. because i did this so he could save on interest. instead he racks MORE debt up on his first visa because there was no debt on it so he figured he should spend more money?

now i feel guilty.. before he was content with 2k in debt.. not he's 3500$ deep. and it's essentially my fault.

Please be aware. I DO NOT want this to happen to anyone else...

This does NOT mean you can spend MORE money on your original Visa.


You didn't screw over your friend ... s/he screwed themselves.

Sure, you may have tried to help them and, inherently, that was a mistake because you thought they could do better for themselves by giving them knowledge and a form of action ... but in the end, they failed themselves with their lack of self-control and poor judgement.

You did not spend the money for them ....

In the end, all you can feel bad about is that they turned a potentially helpful situation on it's head and dug a deeper hole for themselves.

[Jungle]

OMG, Citi rejected my second 0% interest application, because I already have a credit card with them!!!

They are catching on to people that apply twice. This happen to anyone else??

[bonzo]

OMG, Citi rejected my second 0% interest application, because I already have a credit card with them!!!

They are catching on to people that apply twice. This happen to anyone else??

Did you cancel your first card and wait 60 days?

[bigjee]

Quick question:

The mbna 1.99% for life credit card (whatever its called) is not listed on their website.

I only see 1.9% for the first 6 months when I do a search on the website.

[Hugh Jass]

Quick question:

The mbna 1.99% for life credit card (whatever its called) is not listed on their website.

I only see 1.9% for the first 6 months when I do a search on the website.

Where's the question?

[bigjee]

Where's the question?

Read the OP and then read my post.

[jmalias]

Did you cancel your first card and wait 60 days?

please confirm on the wait 60 days time frame,
cause i am waiting

[NewCougar]

please confirm on the wait 60 days time frame,
cause i am waiting

Yes, with Citi you need to wait 60 days after canceling before reapplying. MBNA is not like this.

Quick question:

The mbna 1.99% for life credit card (whatever its called) is not listed on their website.

I only see 1.9% for the first 6 months when I do a search on the website.

I just got this offer, use promotion code CEAN for 1.99% for life on BT made within the first 90 days. Maybe they don't have it listed on their site cause they only want to give it to special customers. Or, maybe the offer is recently dead. If the latter is true, make sure you let us all know here. Either or, it's worth the call.

[Jfriah]

I can confirm that the

1.877.862.7759 CEAN code

is, in fact, valid.
The rep asked if that was a mailout and I said yes, and away we went with the application for 1.99% balance transfer for life of the balance.

She also made it quite clear "do NOT miss a payment--so pay several days in advance if you can--and do NOT go over your limit...because that rate will change instantly"

Good luck to all enjoying this current low-interest-rate period.
USE IT WISELY

As she reminded me "you can have funds deposited to your chequing account and you can do (pause) anything (pause) with those funds, does that make sense?"

Yes, of course it does!
(anything interest-generating over 1.99% is a smart investment at this point. And those wanting to apply it to mortgages, etc. Smart plan BUT--- find out where you are at on your current term at your current interest rate. You may be subject to an early-out penalty but do the math...it may be better to take advantage of the rock-bottom interest rates out there right now and lock in a new mortgage. But cutting your principal is ALWAYS a good plan especially for those that haven't done a prepayment)

Enjoy! See you at the light at the end of the tunnel of debt!

[blazerzr2]

Just wondering if the 0% BT for 12 or 15 months (BODX) code is definitely dead?

Has anyone tried recently? I had called the number but they said they didn't know of that particular code number? Strange!?

Thanks, maybe I'll just do the 1.99% BT for life of balance thingy!

Cheers

[Jungle]

Did you cancel your first card and wait 60 days?

No I did not. I got confused with the MBNA application!! Besides, cancelling your credit cards will lower your score. But they just did a hit on my rating anyway for the new application I got denied for. Ah well. So is the MBNA one still good?

[haybird]

I received 0% for 15 months yesterday afternoon the 3rd. I think the key was the phone number 1-877-428-6060. code bodx. The customers service rep asked what the interest rate was so I told him 0% for 15 month,put me on hold and I was in. I was turned down several times with the 6262 phone number on the card. Good Luck

[FoxmanFX]

Yesterday I called 1.877.428.6060
Quoted BODX - was told it was expired - was offered the 1.99
Said citibank was doing 12 month 0% and thats what he offered me. - I took it.

That being said I likely could have kept trying (calling again) and gotten the 15 months.

When I call to activate I will likely try and increase the total amount (if its under 10k) and request a wave of a (1) BT and have what I need transfered to my bank account to pay out myself and my wife's CC's.

[Hugh Jass]

I have 0% 15 months MBNA coming to an end in June. When should I apply for the 1.99% for life MBNA?

If I do it too soon, they might just think that I'll be paying off the 0% one ( and they'd be right).

Any advice?

[angel_wing0]

I received 0% for 15 months yesterday afternoon the 3rd. I think the key was the phone number 1-877-428-6060. code bodx. The customers service rep asked what the interest rate was so I told him 0% for 15 month,put me on hold and I was in. I was turned down several times with the 6262 phone number on the card. Good Luck

wow u got really lucky still able to get the 0 for 15 months...

[Trooper8111]

I have 0% 15 months MBNA coming to an end in June. When should I apply for the 1.99% for life MBNA?

If I do it too soon, they might just think that I'll be paying off the 0% one ( and they'd be right).

Any advice?

They will know exactly what you're doing, but as long as you're credit worthy, they will extend you the deal. The credit limit may not, however, be enough to pay off your balance.

[zoire]

Would anyone recommend me against applying for the 1.99% and BT my 18k student over to MBNA? Is this a good idea? The thing with student loan tho is that they make u pay interest first... So how does it work out?

[hugewallet]

I was advised by the Credit Analyst to ask for the increase, at the time that I am activating the card.

do they look into your credit file again and will your credit rating take hit from this?

[Hugh Jass]

They will know exactly what you're doing, but as long as you're credit worthy, they will extend you the deal. The credit limit may not, however, be enough to pay off your balance.

I might just be better off waiting until after the 0% is paid off, apply for a new 1.99% card, then merge the credit limits. Hmmmm. Thanks

[xansmommy]

I have 0% 15 months MBNA coming to an end in June. When should I apply for the 1.99% for life MBNA?

If I do it too soon, they might just think that I'll be paying off the 0% one ( and they'd be right).

Any advice?

This is exactly what I did. I applied for the 1.99% and when I received it I paid off my 0% from other sources for a short time, merged the limits, then put everything on the 1.99% It's nice to have a little leeway in the time to pay back, even if I will be paying a bit of interest.

Laura

[TRAVEL]

Just wondering if the 0% BT for 12 or 15 months (BODX) code is definitely dead?

Has anyone tried recently? I had called the number but they said they didn't know of that particular code number? Strange!?

Thanks, maybe I'll just do the 1.99% BT for life of balance thingy!

Cheers

I called 1.877.428.6060 three times this morning;
1st call - Quoted BODX - was told it was expired - was offered the 1.99
2nd call - Quoted BODX - was told it was expired but accept if I can apply it thru the application form/original promotion letter by mail
3rd call - Quoted BODX - no question & just apply it thru the call.

Thanks OP! :)

[sh0n]

Just curious as to what credit limits / amounts the fellow RFD'ers are getting.

Do they make you go through the phone with a credit analyst and they access what is the max limit they give you?

As for understanding how the BT transfer works. Please quote and correct if I'm wrong.

1. Apply for 0% 15 months CITI CC
2. Write a cheque to yourself up to the max limit minus $25-$50 so you don't go over
3. Pay for the monthly mininum balance payments
4. Use that money for pay down of mortgage or other CC or invest in RRSP, GIC, TFSA - whatever in this case
5. Repay the drawn amount in 15 months?

Sorry for all the newbie questions. Thanks in advance.

[superwell]

Just curious as to what credit limits / amounts the fellow RFD'ers are getting.

Do they make you go through the phone with a credit analyst and they access what is the max limit they give you?

As for understanding how the BT transfer works. Please quote and correct if I'm wrong.

1. Apply for 0% 15 months CITI CC
2. Write a cheque to yourself up to the max limit minus $25-$50 so you don't go over
3. Pay for the monthly mininum balance payments
4. Use that money for pay down of mortgage or other CC or invest in RRSP, GIC, TFSA - whatever in this case
5. Repay the drawn amount in 15 months?

Sorry for all the newbie questions. Thanks in advance.


yes./

[angel_wing0]

I called 1.877.428.6060 three times this morning;
1st call - Quoted BODX - was told it was expired - was offered the 1.99
2nd call - Quoted BODX - was told it was expired but accept if I can apply it thru the application form/original promotion letter by mail
3rd call - Quoted BODX - no question & just apply it thru the call.

Thanks OP! :)

wow to the same # eh..nice :D

[st7860]

pcfinancial is offering 0.97% for 6 months on their mastercard.
http://www.pcfinancial.ca/

[Halifax55]

Just curious as to what credit limits / amounts the fellow RFD'ers are getting.



If you look at either this thread from early posts or another similar thread you will see that most are getting a limit of about 20% of their income.

[corollace]

try to call different rep. we got 0% for 15 month yesterday. tried twice.

[Hugh Jass]

Just curious as to what credit limits / amounts the fellow RFD'ers are getting.

Do they make you go through the phone with a credit analyst and they access what is the max limit they give you?


I got $15,000 March '08, income was $75,000. I already had an MBNA card with $7,500 on it, so merged the two for $22.5K.

Didn't do any of that credit analyst stuff.

[sonypcs]

Ad Mail from my mailbox yesterday :

National Bank Mastercard : 1.9 % for 6 months..(No Fees)

RBC Platinum : 1.9 % for 9 months..(No Fees)

CIBC Platinum : 2.9 % for 6 months..(No Fees)

and for SOME Canadian Tire Mastercard Eligible Existing Customers : 0.9 % - 1.9 % Transfer for 3 months (No Fees)

Check are those in your neighbourhood...

Be SURE to use it for Balance Transfer only!!

:arrow::arrow:DO NOT use that specific balance transferred card to buy stuff on top or else everything you buy on top will NOT be given a GRACE PERIOD and you will see 19.9 % or 18.9 % blended with 1.9 % on your statement...:arrowl::arrowl:

[jpargo]

Can anybody give me the number/code for Citi 0% for 12months?

Also for MBNA 1.99% life transfer, is that just on balance transfers? How would it work if I were wanted to transfer from other accounts (not in my name)? Would they count a transfer to bank account as balance transfer or just stuff transfer from other credit cards?

And finally which of the two will I most likely get the most credit limit? I make 60K. No mortgage or any debt (have TD VISA $5K limit that is $0).

[Hugh Jass]

Can anybody give me the number/code for Citi 0% for 12months?

Also for MBNA 1.99% life transfer, is that just on balance transfers? How would it work if I were wanted to transfer from other accounts (not in my name)? Would they count a transfer to bank account as balance transfer or just stuff transfer from other credit cards?

And finally which of the two will I most likely get the most credit limit? I make 60K. No mortgage or any debt (have TD VISA $5K limit that is $0).

http://www.redflagdeals.com/forums/showthread.php?t=352003

1.99% is a one time BT to anywhere you like.

MBNA will more than likely give you more. My wife got $1,500 with Citi, a week later got $10,000 from MBNA. I got $22,000 total from MBNA and have $14,000 on my citi card after 7yrs, dunno if I could get more.

[mar765]

Hi,

do you know if having a balance of 20K on the MBNA 1.99 % card for a few years will negatively affect your credit score?

I know that that credit score takes into account the credit used vs credit available ratio and keeping a balance of 20k over let's say a total credit avalable of 30 K(including other credit cards) might make you credit score go down....

.. and we made all the payments (minimum requested) on time.

Thanks
Mar

[st7860]

Hi,

do you know if having a balance of 20K on the MBNA 1.99 % card for a few years will negatively affect your credit score?

I know that that credit score takes into account the credit used vs credit available ratio and keeping a balance of 20k over let's say a total credit avalable of 30 K(including other credit cards) might make you credit score go down....

.. and we made all the payments (minimum requested) on time.

Thanks
Mar


having one card that is very close to the credit limit will make your score drop a little

it doesnt really matter

more important is simply making all your payments for everything on time.

[boyoflondon]

having one card that is very close to the credit limit will make your score drop a little

it doesnt really matter

more important is simply making all your payments for everything on time.

A little? Utilizing more then 35% of your available credit will hurt you more then 'a little'.

[digger1]

http://www.redflagdeals.com/forums/showthread.php?t=352003

1.99% is a one time BT to anywhere you like.

MBNA will more than likely give you more. My wife got $1,500 with Citi, a week later got $10,000 from MBNA. I got $22,000 total from MBNA and have $14,000 on my citi card after 7yrs, dunno if I could get more.

The link for CITI 0% - 1 year is no valid anymore.
Anyone got this deal lately?
Any code or link for that?

Thank you

[nickctn]

The link for CITI 0% - 1 year is no valid anymore.
Anyone got this deal lately?
Any code or link for that?

Thank you

I just tried the link and it seems to be still working.

[digger1]

I just tried the link and it seems to be still working.

It works but says " Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009
...not for 12 month

[leafsrule06]

It works but says " Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009
...not for 12 month

Has anyone called prior to applying to see if it's actually 0% for 12 months? I'd be interested to apply as well if it's 12 months @ 0%.

[tasamy]

Has anyone called prior to applying to see if it's actually 0% for 12 months? I'd be interested to apply as well if it's 12 months @ 0%.

MBNA for 12-15 months. Citi until April 2009.

[tasamy]

What is the latest day to send Citi their 20k? :confused:

If I move the 20k to Citi on 31 March, this will make me avoid any kind of interests?

Help! :cheesygri

Sure no hope to extend the 0% but I do not need to pay any interests!

[Hugh Jass]

What is the latest day to send Citi their 20k? :confused:

If I move the 20k to Citi on 31 March, this will make me avoid any kind of interests?

Help! :cheesygri

Sure no hope to extend the 0% but I do not need to pay any interests!


Call them and ask them what date the balance is due. Then deposit the money a few ( working) days in advance.

I asked specifically the day my MBNA is due, it just so happens that its my brothers birthday, so very easy to remember.

[tasamy]

Call them and ask them what date the balance is due. Then deposit the money a few ( working) days in advance.

I asked specifically teh day my MBNA is due, it just so happens that its my brothers birthday, so very easy to remember.

Thanks.

I was planning to give them the money by the end of March but their offer by "April 2009" means it is by 30 April 2009

I phoned and I still have 50 more days YAHOOO! ... $40 free!

[bluser]

Would I be able to transfer debt from multiple accounts (credit card, LOC, student loan) onto the MBNA card? Or is it just one transaction that you are allowed? Thanks!

[thatashleychick]

Just called MBNA today (1st try) and got the 0% for 15 months deal, no problem. Just gotta wait for approval now! :cheesygri

[djino]

Would I be able to transfer debt from multiple accounts (credit card, LOC, student loan) onto the MBNA card? Or is it just one transaction that you are allowed? Thanks!

If you are referring to the MBNA 1.99% then you can transfer as many times as you want (within the first 90 Days).

Note: The Greater of 1% or $7.50 applies to each Balance Transfer (your BT Fee) - For Both MBNA 1.99% and 0%

Some accounts you wouldnt be able to transfer too (ie Student Loans), so in that case, you'd ask them to transfer the money to your Bank Account and you'd pay the account yourself.

djino

[bluser]

So taking money out of the card to pay of accounts would count as a balance transfer? What kinds of fees would there be? And then 1.99% rate would be forever? Thanks!

[djino]

So taking money out of the card to pay of accounts would count as a balance transfer? What kinds of fees would there be? And then 1.99% rate would be forever? Thanks!

1.99% is for the life of the balance.

Careful on the term 'taking money out of the card'. Getting 1.99% is only towards Balance Transfer transactions within the first 90 Days.

Balance Transfer is:

1) Calling MBNA and having them transfer money from your account to either Another Credit Card or your Bank Account OR
2) You get free Cheques in the mail from this account. Using these Cheques also counts as a Balance Transfer

Sticking the MBNA Card in an ATM and withdrawing money DOES NOT count as this is considered a 'Cash Advance'

Whatever Amount you do as a Balance Transfer comes with a 1% Fee (so if you transfer $10,000 to another account, you are charged $100 aswell (1%)). This $10,100 balance will have 1.99% on it until you have paid it off.

djino
"Make sense?"

[Mi-chan]

I put in an online application for the 1.99% MBNA card a couple weeks ago, and hadn't heard back from them. I called just now and a CSR confirmed they had my application on file. He then transferred me to a credit analyst who approved me on the spot.

When I asked him if there were any fees, he told me about the 1% BT fee. I asked him if he could waive it, and he informed me to ask a CSR when I get the actual transfer done. He said I should receive the card within 7-10 business days, so it sounds like the 1.99 offer is still on.

[ynchu]

Good luck! I get mixed reviews from my friends.

Some were able to get through, some were transferred to the French line then back to English line again. Seems that not all CSR's are authorized to use the code or something.

[angel_wing0]

When I asked him if there were any fees, he told me about the 1% BT fee. I asked him if he could waive it, and he informed me to ask a CSR when I get the actual transfer done.

0.5% is already hard, never mind waiving it completely. But good luck though.

[Mi-chan]

0.5% is already hard, never mind waiving it completely. But good luck though.

Thanks for the tip, I'll try fast talking my way into 0.5% :D

Great posts from you on this thread and in the finance forum by the way :)

[ahassan]

I just called and asked for the 0% for 15 months.

Initially I gave them 'BODX' and he told me it was expired. Then I said that I don't have the application letter with me, he put me on hold, came back and said that I could apply for the offer.

Completed the application and now waiting for a callback.

[kingofwit]

Can anybody who got the 1.99% card tell me what TYPE/NAME of card they got (i.e. "Platinum", "Premiere Rewards", etc.)

Thanks
David

[canadacelt]

Just got off the phone with rep,

He asked me straight off the bat as to whether I heard about offer on internet or from a flyer, I lied and said flyer, I gave him the bodx code, he said how long have I had the flyer, i told him quite a while, just never got around to calling.He told me the code (bodx)had expired but offered me 0% for 12 months, and took my app. i asked about BT fees, he said 1% but to talk to an agent after approval to arrange, so will try to negotiate then.

[Trowa]

Just applied.
I had a previous MBNA card so the rep just asked me for the information of my other credit card. I provided it then he just asked me about my job. ie. where i work, how long, how much i made.

Then he asked for the promo code. gave him CEAN and he had no issues bringing up the form.

After that he just went over the Disclosure and gave me a reference number.

By the way I called 1.877.862.7759.

[Jungle]

Just applied.
I had a previous MBNA card so the rep just asked me for the information of my other credit card. I provided it then he just asked me about my job. ie. where i work, how long, how much i made.

Then he asked for the promo code. gave him CEAN and he had no issues bringing up the form.

After that he just went over the Disclosure and gave me a reference number.

By the way I called 1.877.862.7759.

What deal are you talking about? 0% ? 2%??? What number do you call for the 0%???

Can you get another 0% while holding one that is due to expire?

[bubble.tea]

I could NOT get the 1% BT fee waived or adjusted :(.

Bollox!

[angel_wing0]

I could NOT get the 1% BT fee waived or adjusted :(.

Bollox!

Just be happy that they are still offering the deal :D

[Hugh Jass]

What deal are you talking about? 0% ? 2%??? What number do you call for the 0%???

Can you get another 0% while holding one that is due to expire?

I believe the CEAN code he mentioned is for the 1.99% for life.

[madness]

double post

Sorry

[madness]

On the 1.99 AIR Card. If I have a balance of $20000 on the card what is the minimum monthly payment? Can't seem to find an answer in this long thread.

Thanks in advanced

Nevermind finally found it.

"As the previous post says, with MBNA, your minimum monthly payment is Interest + $10."

[djino]

On the 1.99 AIR Card. If I have a balance of $20000 on the card what is the minimum monthly payment? Can't seem to find an answer in this long thread.

Thanks in advanced

Nevermind finally found it.

"As the previous post says, with MBNA, your minimum monthly payment is Interest + $10."

Yup, but also remember the first monthly payment following the Balance Transfer is Interest + $10 + Balance Transfer Fee.

on $20,000, your 1% BT Fee is $200.

So for a average daily balance of $20,200, your first monthly payment will be:

1st Monthly Payment = Rounded down(Interest) + $10 + Balance Transfer Fee
= Rounded Down[($20,200) * (1.99 / 100 / 12)] + $10 + $200
= $33 + $10 + $200
= $243

Keep in mind this assumes your balance transfer took place on the first day of the billing cycle (if not, then your 1st Monthly payment will be a little less).

Each monthly payment moving forward will be just $43 (Interest + $10).

djino

[pulsar]

Can anybody who got the 1.99% card tell me what TYPE/NAME of card they got (i.e. "Platinum", "Premiere Rewards", etc.)

Thanks
David

The 1.99% for life is a regular Gold MBNA card. It doesn't say anything else on it. I applied for it online on Feb 20ish and received it around March 8. I already had one card with MBNA (0% for 15 months which the promo expired on so I am merging the credit on the new one).

[crimsondr]

1st Monthly Payment = Rounded down(Interest) + $10 + Balance Transfer Fee
= Rounded Down[($20,200) * (1.99 / 100 / 12)] + $10 + $200
= $33 + $10 + $200
= $243

You pay interest on the BT fee?

[Halifax55]

You pay interest on the BT fee?

Yes, let's explain this...your card is approved...you have your limit that you can borrow to. You do a balance transfer and it costs you ex number of dollars to do the transfer (the 1% fee, or less) you now owe...balance amount transfered + amount of dollars for transfer fee = amount you owe to the company...

so yes, you pay interest on what you owe, the whole amount of what you owe. As in previous example, you borrow 20,000 and it costs you 200 to transfer this amount then you owe the company 20,200.00 plus interest.

[djino]

Yes, let's explain this...your card is approved...you have your limit that you can borrow to. You do a balance transfer and it costs you ex number of dollars to do the transfer (the 1% fee, or less) you now owe...balance amount transfered + amount of dollars for transfer fee = amount you owe to the company...

so yes, you pay interest on what you owe, the whole amount of what you owe. As in previous example, you borrow 20,000 and it costs you 200 to transfer this amount then you owe the company 20,200.00 plus interest.

Yes.. but essentially, you are paying back the $200 on your 1st Payment so you are basically paying interest on the 1% for a maximum of 60 days as your 1st payment following the BT is always Interest + $10 + BT Fee.

djino

[crimsondr]

Yes.. but essentially, you are paying back the $200 on your 1st Payment so you are basically paying interest on the 1% for a maximum of 60 days as your 1st payment following the BT is always Interest + $10 + BT Fee.

djino

I just found it odd that they would charge you interest on the BT fee. This basically means they are treating the BT fee as a cash advance and not a regular transaction.

I thought it would be treated similar to the way an annual fee is applied.

[mcshame]

I just found it odd that they would charge you interest on the BT fee. This basically means they are treating the BT fee as a cash advance and not a regular transaction.

I thought it would be treated similar to the way an annual fee is applied.


I'm quite certain there is no interest on a fee as long as it is paid at the statement due date. If not payed, then there would be interest. I wasn't charged interest on a BT fee, and payed for it on my 1st statement

[crimsondr]

I'm quite certain there is no interest on a fee as long as it is paid at the statement due date. If not payed, then there would be interest. I wasn't charged interest on a BT fee, and payed for it on my 1st statement

Then djino is wrong :cheesygri

[mcshame]

Then djino is wrong :cheesygri

Actually, he could be right. I'm at 0%, so if there was interest, I wouldn't see it...

[djino]

I could be wrong.. but the only way to be certain is if someone with the 1.99% promo that has their bill which includes the Balance Transfer Fee (ie.. their 1st statement).. if they are able to calculate the daily balance on each day of the billing cycle..average it out over the 30 days...and check to see if it equals the Weighted Average MBNA shows at the bottom of the statement.

Example: on 1.99% AIR. You performed Balance Transfer $20,000 on the 11th day of the Billing Cycle (with a 30 day monthly cycle)

So that means.. $0 from for 10 days (Day 1 to Day 10) and $20,000 for 20 Days (Day 11 to Day 30).

Weight Average = [($0 * 10) + ($20,000 * 20)] / 30 = $13,333.33

$13,333.33 would be the your average daily balance on your first statement (assuming BT was done on the 11th Day).

If they included the BT Fee, it would be

Weight Average = [($0 * 10) + ($20,200 * 20)] / 30 = $13,466.67

$13,466.67 would be your average daily balance if they charged Interest on the $200 (1% BT Fee)

djino

[crimsondr]

I just did the BT. So I will let you know after I receive my first statement.

[mcshame]

Actually, he could be right. I'm at 0%, so if there was interest, I wouldn't see it...

Having said that, the 0% is only applicable to the BT itself, all other charges, purchases, fees, etc, are not at the promotional rate.

[latin-dss]

i try calling 2 times withe 2 diff reps witht he same CEAN code but they both told me code dont exist and for me to call customer service..which is the latest code working anyone?

[mark_in_2k]

i try calling 2 times withe 2 diff reps witht he same CEAN code but they both told me code dont exist and for me to call customer service..which is the latest code working anyone?CEAN does work. I just called this morning to cancel my MBNA 15 month account. I was transferred to account services where I asked about CEAN. She looked in the system and it was there, but it's not 1.99% for life. She said it's on all transfers until Jan 2010. However, any balance transfers have to be done by June.

[sinoguy]

i just hanged up with the representative from mbna, and got 2.99% on no fee BT good until Jan 2010. Not the best I wanted, but no complaint coz i need some dollars to pay hefty tax.

[starchoice]

Why bother calling to speak to untrained reps and those who have no knowledge about their own product? Just use the online application. The link is in this thread. Everything is in writing, fill it in and you're in - 1.99% for life. Don't waste your time on the phone. This is no different than store personnel who don't even know what's advertised in their own flyer.

[hugewallet]

received the 1.99% card and it is only a GOLD card. It comes with "supplemental auto rental collision damage deductible coverage", does this cover damage and loss waiver insurance when i rent a car?

when i call to activate my card, if i ask the rep to increase the credit limit, do they do an inquiry into my credit file again and will my credit take another hit? thanks.

[jimmyche]

Why bother calling to speak to untrained reps and those who have no knowledge about their own product? Just use the online application. The link is in this thread. Everything is in writing, fill it in and you're in - 1.99% for life. Don't waste your time on the phone. This is no different than store personnel who don't even know what's advertised in their own flyer.

Where in the link does it mentioned 1.99% for life?
The 3.99% one does said for life on the first couple line of the link.

[hugewallet]

Where in the link does it mentioned 1.99% for life?
The 3.99% one does said for life on the first couple line of the link.

scroll down to the bottom, and it is there.

[alanbrenton]

received the 1.99% card and it is only a GOLD card. It comes with "supplemental auto rental collision damage deductible coverage", does this cover damage and loss waiver insurance when i rent a car?

when i call to activate my card, if i ask the rep to increase the credit limit, do they do an inquiry into my credit file again and will my credit take another hit? thanks.

This 1.99% for life of the balance offer is meant for us to make use of as much amount as possible for a balance transfer request. I doubt you'd like to use this card after you make the initial balance transfer as you'd like to keep this "initial balance" intact.

For most of us who secured the card, it's a guaranteed way of securing a low interest rate loan, maybe for the rest of our lifetimes, barring Bank of America becoming fully nationalized.

[oceanman66]

I have a 0% card for 12 months with balance $19,000. Since it will expire in May this year, I want to apply for the 1.99% for life card. Should I first pay off the 0% card and then apply for the new one?

thanks a lot for your help in advance!

[Hugh Jass]

I have a 0% card for 12 months with balance $19,000. Since it will expire in May this year, I want to apply for the 1.99% for life card. Should I first pay off the 0% card and then apply for the new one?

thanks a lot for your help in advance!


I'm in the same boat. $22k 0% 15 months, balance due June. I decided to apply for the 1.99% now, they'll probably give me a small credit limit, maybe $10k. So, I'll pay off the 0%, merge the limits and take a 1.99% for life on that. We'll see.

[oceanman66]

I'm in the same boat. $22k 0% 15 months, balance due June. I decided to apply for the 1.99% now, they'll probably give me a small credit limit, maybe $10k. So, I'll pay off the 0%, merge the limits and take a 1.99% for life on that. We'll see.

Good luck and waiting for your good news :razz:

[starchoice]

Where in the link does it mentioned 1.99% for life?
The 3.99% one does said for life on the first couple line of the link.

Does someone feed you in the morning?

It's in blue near the bottom of the page.

Also, check Terms and Conditions:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full.

[hugewallet]

I have a 0% card for 12 months with balance $19,000. Since it will expire in May this year, I want to apply for the 1.99% for life card. Should I first pay off the 0% card and then apply for the new one?

thanks a lot for your help in advance!

if you have the means to pay it off, do it. it shows you have the ability to pay off your debt, which makes it easier to have your new application approved and possibly a higher credit limit.

[Hugh Jass]

does someone feed you in the morning?




lmfao :)

[dalman]

Does someone feed you in the morning?

It's in blue near the bottom of the page.

Also, check Terms and Conditions:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full.

Why this card is called 1.99% for life? I guess it is only applicable to balance transfer in the first 90 days. So if they give you a credit limit of 10k, most likely that is all you can transfer. All new purchase will be in a higher rate range.

[starchoice]

Why this card is called 1.99% for life? I guess it is only applicable to balance transfer in the first 90 days. So if they give you a credit limit of 10k, most likely that is all you can transfer. All new purchase will be in a higher rate range.

Very simply, you transfer a balance and you have the 1.99% rate for the life of the balance.

Your credit limit is determined by your credit worthiness. This has nothing to with the promotion.

The promotion does not even apply to purchases (new or otherwise) in the first place. It is a balance transfer promotion, same as all the others.

[knapper]

received the 1.99% card and it is only a GOLD card. It comes with "supplemental auto rental collision damage deductible coverage", does this cover damage and loss waiver insurance when i rent a car?

I believe it is only if you use the card to pay for the rental, which with this card you do not want to do.

[alanbrenton]

I have a 0% card for 12 months with balance $19,000. Since it will expire in May this year, I want to apply for the 1.99% for life card. Should I first pay off the 0% card and then apply for the new one?

thanks a lot for your help in advance!

Yes. If the CEAN will be around at all, pay the 0% card down soon, wait for the next credit card cycle (so that your credit file will look pristine) and then apply with the CEAN code.

If you are okay with $5,000, you can apply for it now. That's what happened for my wife when she had 0% card with $22k credit limit.

As an aside, I noticed it's Bank of America and Citigroup that has been very aggressive with their credit card lending practices here in Canada/RFD. Because the liquidity for asset-backed securities has dried up, is it still good for their balance sheets to continue on with these 0% balance transfer offers.

How does extending these credit cards to us help solidify their balance sheets or make their financials look better?

[Trooper8111]

received the 1.99% card and it is only a GOLD card. It comes with "supplemental auto rental collision damage deductible coverage", does this cover damage and loss waiver insurance when i rent a car?

Yes, but you will have to use your card to rent the car. When you do this it will be subject to the normal interest rate of 17.99% on purchases. Remember that the 1.99% is for BT's in the first 90 days after approval.

So when you start paying your monthly payments it will go against the lowest rated balances first, meaning the 1.99%. Essentially you'll be paying through the teeth for that extra coverage.

To take full advantage of this deal you have to make your maximum allowable BT within the first 90 days and never use this card again because the normal rate on this card is 17.99% on purchases and 19.99% on BT's. Can't stress this point enough.

[hugewallet]

Yes, but you will have to use your card to rent the car. When you do this it will be subject to the normal interest rate of 17.99% on purchases. Remember that the 1.99% is for BT's in the first 90 days after approval.

So when you start paying your monthly payments it will go against the lowest rated balances first, meaning the 1.99%. Essentially you'll be paying through the teeth for that extra coverage.

To take full advantage of this deal you have to make your maximum allowable BT within the first 90 days and never use this card again because the normal rate on this card is 17.99% on purchases and 19.99% on BT's. Can't stress this point enough.

thanks. i just want to find out if this gold card covers loss and damage waiver insurance.

by the way, in what aspects is the platinum card better than the gold card? is there any real difference?

[Trooper8111]

thanks. i just want to find out if this gold card covers loss and damage waiver insurance.

Irrelevant, because you won't want to use it anyway.

by the way, in what aspects is the platinum card better than the gold card? is there any real difference?

Just check the website

http://mbna.ca/credit_comparecards.html

[mcshame]

Does someone feed you in the morning?

It's in blue near the bottom of the page.

Also, check Terms and Conditions:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full.

To the posters point, I don't see anywhere on the link where they mention the duration of the promotional offer of 1.99%

[starchoice]

To the posters point, I don't see anywhere on the link where they mention the duration of the promotional offer of 1.99%

Please address me as Mr. Poster or simply, starchoice unless you are not talking to me since you are referencing me in third party language.

It's not clear what you mean by "where they mention the duration of the promotional offer of 1.99%".

Do you mean when the offer will end? No, of course, it's not mentioned.

Do you mean that you don't see where it says what I quoted? It's in the terms and conditions link on the application.

Do you mean that there is no reference to "life of the balance"?

If so, it's already there in black and white and you may have an interpretation or other problem with the English language: "until such Eligible Transaction balances are paid in full".

[hugewallet]

the card i got is a gold mastercard, when i call in the activate it, can i request it to be converted into a platinum plus with premier rewards with 1% cashback and still enjoy the 1.99% life time rate? i know if i do a BT, there is no point to use it for purchases. but i only want to do the BT and keep the balance for a few years, not life time.

[Trooper8111]

Please address me as Mr. Poster or simply, starchoice unless you are not talking to me since you are referencing me in third party language.

It's not clear what you mean by "where they mention the duration of the promotional offer of 1.99%".

Do you mean when the offer will end? No, of course, it's not mentioned.

Do you mean that you don't see where it says what I quoted? It's in the terms and conditions link on the application.

Do you mean that there is no reference to "life of the balance"?

If so, it's already there in black and white and you may have an interpretation or other problem with the English language: "until such Eligible Transaction balances are paid in full".

+1 and very nicely put.:lol:

[Jfriah]

A little? Utilizing more then 35% of your available credit will hurt you more then 'a little'.

Yes---keep your (couple at max) cards to about 35% or below, of max balance and use use use and pay pay pay to keep your credit rating up up up.

Just got approved to do an APPLICATION for the 1.99% card after paying off my existing MBNA card which is currently 9.99% regular interest rate. Plan is to switch complete balance to the 1.99%, write a nice cheque to myself (keeping in mind the 1% transfer fee...so as not to go to limit or over), and ask for an extra couple thousand on the existing card, which they wanted to close and I asked them nicely to keep it open saying I would still be using that as my existing day-to-day purchase card.

So will update when the application goes through.

Be smart with the funds, people. 1.99% is still 'debt' but can be smart debt if you use it wisely to grow at more than 1.99% (+inflation) over time. For the life of the balance? Hells yeah!
Also keep in mind: FINE PRINT>>> the corporation can change their deal at any time if they really want to. Be careful.

[Jfriah]

received the 1.99% card and it is only a GOLD card. It comes with "supplemental auto rental collision damage deductible coverage", does this cover damage and loss waiver insurance when i rent a car?

when i call to activate my card, if i ask the rep to increase the credit limit, do they do an inquiry into my credit file again and will my credit take another hit? thanks.

DO NOT USE THIS CARD for anything other than balance transfer or else run the risk of having interest switched to full interest rate. Careful how the card providers work--- and why would you want to use it for a regular purchase anyway, at 19% or whatever it is? Much better cards available (got a TD emerald visa quite easily which rides on prime + x%). I'd use another card for regular purchases if I were you---even if you do plan to pay off each month. (and congrats, if you do!)

[Britex]

Also keep in mind: FINE PRINT>>> the corporation can change their deal at any time if they really want to. Be careful.

I was thinking the same thing when I read the card agreement literature. However, I don't believe they can switch it on you without cause (for example, miss a payment). Any lawyers can comment on this?

[ynchu]

As an aside, I noticed it's Bank of America and Citigroup that has been very aggressive with their credit card lending practices here in Canada/RFD. Because the liquidity for asset-backed securities has dried up, is it still good for their balance sheets to continue on with these 0% balance transfer offers.

How does extending these credit cards to us help solidify their balance sheets or make their financials look better?

Essentially, my biggest question always has been: "what if in late 2007 all mortgages stayed subprime instead of prime + whatever% that created this recession?"

My theory is, by lending you at 1.99%, the cost of borrowing $5000 is only $100 an year, or $8 per month. Anyone with an ok credit today can afford $8 per month, right? Further, when doing balance transfer at 1%, that is a pure $50 income today. Didn't you hear CEO of Citi claiming they made operational profit for Q1? We are helping him making such statement.

Now the problem is, what will happen when people start defaulting them on this? Someone somewhere will miss a payment someday and now your $8 per month just becomes $75 per month. Subprime again you ask me? It's amazing the consumer debt bomb has not really exploded yet...

[ynchu]

Be smart with the funds, people. 1.99% is still 'debt' but can be smart debt if you use it wisely to grow at more than 1.99% (+inflation) over time. For the life of the balance? Hells yeah!
Also keep in mind: FINE PRINT>>> the corporation can change their deal at any time if they really want to. Be careful.

The least one can do is to put the money at bonds with over 5% of return. The worst one will do is to spend this $5000 on clothing, or, sorry to say, any RFD deal. :twisted:

[alanbrenton]

I was thinking the same thing when I read the card agreement literature. However, I don't believe they can switch it on you without cause (for example, miss a payment). Any lawyers can comment on this?

Not a laywer (not even a banker) here but maybe issuing these credit cards to low risk population help strengthen Citigroup and Bank of America's balance sheets and/or boost their income when they sell of these collateralized securities. They wouldn't be losing out on the spread unless there was something in it for them. Strange thing is, now that securitization of credit card loans have grounded to a halt, why are they still approving so many applications in Canada?

[baumann93]

I am not sure if this question has been asked... Could I transfer the balance from my personal line of credit into this card's account? Thanks.

[nufan]

I am not sure if this question has been asked... Could I transfer the balance from my personal line of credit into this card's account? Thanks.

you can transfer the amount directly to your bank account if you want to, what you do with the money is your own business.

[baumann93]

OK, thanks. I got confused because the online application specifically states that you have to transfer the balance from another credit card. It even asks for the name of the issuing bank.

[nufan]

OK, thanks. I got confused because the online application specifically states that you have to transfer the balance from another credit card. It even asks for the name of the issuing bank.

Which one you looking at? I can only comment on MBNA as that's the only one I've used.

[Trooper8111]

OK, thanks. I got confused because the online application specifically states that you have to transfer the balance from another credit card. It even asks for the name of the issuing bank.

If you want you can do the balance transfer as soon as you're approved. You do this by clicking the box on the bottom of the application. If you leave it unchecked, you can do the balance transfer when you receive your card.

[v_tofu]

I've asked this before, but can't seem to find my post so i'll have to ask again :lol:


Just wondering if your credit rating changes much if you get a big BT?

example, say I get a 15k at 0% for 15 months. I'm pre approved for my home which the closing date is in late april. Havent' decided 100% which bank i'm going with, still shopping for rates. Will me getting this BT change anything?

[baumann93]

Which one you looking at? I can only comment on MBNA as that's the only one I've used.

I am talking about mbna (https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=bqz4&lc=en_CA)... visit this link and select the balance transfer check box in the blue box. you will see what I am talking about.

I guess I will just apply and then use the check to transfer the balance as Trooper8111 said.

Thanks.

[majesus]

I called CITI this afternoon, they won't give out their 0% Promotional Rate anymore. They offered a 0.99% year rate. Anyone manage to get the zero %? Is there an updated code out there?

[angel_wing0]

I called CITI this afternoon, they won't give out their 0% Promotional Rate anymore. They offered a 0.99% year rate. Anyone manage to get the zero %? Is there an updated code out there?


https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

[matkun]

https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

Do they extend the date? April 2009 is 10 days away..

[majesus]

https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

From their WEBSITE:
Save money on purchases you've already made. Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009.*


Do they extend the date? April 2009 is 10 days away..
I asked to have it extended for a year, they said no to me, I was curious if anyone managed to get a YES.

[ddr0531]

has anyone successfully extended their payback due date? perhaps for a slightly elevated interest rate?

[Jungle]

I currently hold the 0% MBNA, promo expires April. Can I apply for the 2% card now and be approved?

[BoogieMan]

Couple questions...
When Citi says 0% interest until April 2009, does that mean I wait till my statement comes dated "April XX, 2009" and pay the balance off by due date on that statement to avoid interest? Same applied with MBNA when they say "until statement closing date of [month]" ?

Also, if in case I don't pay that balance, I will be charged interest but from when? from my April statement or from the day balance transfer was posted (months ago obviously)?

[chuppe]

I've asked this before, but can't seem to find my post so i'll have to ask again :lol:


Just wondering if your credit rating changes much if you get a big BT?

example, say I get a 15k at 0% for 15 months. I'm pre approved for my home which the closing date is in late april. Havent' decided 100% which bank i'm going with, still shopping for rates. Will me getting this BT change anything?

Yes, your credit score will take a hit from applying for the credit card. If you transfer an existing balance, your debt ratio won't change much. However, if you transfer the money to your savings account or for investment purposes, your debt ratio will increase. Increasing your debt ratio while shopping for a mortgage is a very bad idea. Just wait until after your mortgage is finalized before doing anything...

[djino]

I called CITI this afternoon, they won't give out their 0% Promotional Rate anymore. They offered a 0.99% year rate. Anyone manage to get the zero %? Is there an updated code out there?

When I received by Citi-Petro card in the mail 2 weeks ago, they offered 0% for 12 months on any balance transfers (when I called in to activate).

djino

[Symcrapico]

I'm building a garage this summer, should I call my current credit card issuer to have my limit raised, pay most thing with my card and then apply for a 1.99% for life and transfer my balance? I my mortgage rate is about 4.00%.

[Lukus]

I mistakenly applied online for the 3.99% card yesterday. What I really wanted was the 1.99% card. Should I wait for approval and then ask to have the rate changed or should I call now while my application is still being processed?

[angel_wing0]

When I received by Citi-Petro card in the mail 2 weeks ago, they offered 0% for 12 months on any balance transfers (when I called in to activate).

djino

whats the pt thou? the rep must have a problem imo :lol: once u did a bt u basically cant use the card (unless u want to pay 18.99%+ interest of cuz). And the card's main purpose is to be used at pedro where u save 2 cents a litre.

[djino]

whats the pt thou? the rep must have a problem imo :lol: once u did a bt u basically cant use the card (unless u want to pay 18.99%+ interest of cuz). And the card's main purpose is to be used at pedro where u save 2 cents a litre.

Yup, thats why I declined it. The rep also tried her hardest to sell me on the Balance protection service. I must have said No at least 5 times, but she kept going on and on and kept asking what are my issues with this.

djino
"Though I should have probably applied for another Citi card for that 0% 12 months"

[CanuckFlyHigh]

Can someone please spare me, as I h ave been trying to find it but I can not. I called and was approved for the 3.99% for life (with a 1% transfer fee). I asked about the 1.99% for life, and she said it was only 10 months. Is there a promo code for that or something? Can I ask her to change it to 1.99%?

[alanbrenton]

Can someone please spare me, as I h ave been trying to find it but I can not. I called and was approved for the 3.99% for life (with a 1% transfer fee). I asked about the 1.99% for life, and she said it was only 10 months. Is there a promo code for that or something? Can I ask her to change it to 1.99%?

Doubt you can change it but you can try. CEAN was the code.

[oh_me_oh_my]

I'm in the same boat. $22k 0% 15 months, balance due June. I decided to apply for the 1.99% now, they'll probably give me a small credit limit, maybe $10k. So, I'll pay off the 0%, merge the limits and take a 1.99% for life on that. We'll see.

Help? (its a newbie question)
I plan on applying for a 0% for 12 months mbna card and doing a BT of all the credit (lets say $10,000). I've read in this thread that I have to make monthly payments of interest (which should be $0 for 12 months?) + $10).

Is this $10 similar to a monthly bank fee or does the $10 go towards paying off the principal $10,000? so after 12 months...i would have paid back $120 already...

Thanks!

[tsgee]

Is this $10 similar to a monthly bank fee or does the $10 go towards paying off the principal $10,000? so after 12 months...i would have paid back $120 already...

Yes, it goes against the principal.

[ber0]

Couple questions...
When Citi says 0% interest until April 2009, does that mean I wait till my statement comes dated "April XX, 2009" and pay the balance off by due date on that statement to avoid interest? Same applied with MBNA when they say "until statement closing date of [month]" ?

Also, if in case I don't pay that balance, I will be charged interest but from when? from my April statement or from the day balance transfer was posted (months ago obviously)?

I would like to know the answer too...

[Trooper8111]

Can someone please spare me, as I have been trying to find it but I can not. I called and was approved for the 3.99% for life (with a 1% transfer fee). I asked about the 1.99% for life, and she said it was only 10 months. Is there a promo code for that or something? Can I ask her to change it to 1.99%?

It would have to be a whole new application with the CEAN promo code.

[Jungle]

If I currently hold a 0% mbna card expiring this april can I apply for another one now?

[pulsar]

Word of warning to those whose family has more than one promotional card with MBNA:

I applied for the 15 month 0% in Oct 2007. My wife later applied in Nov 2007. I called MBNA in January 2009 asking when my promo rate would be over. They ended up telling me Feb 20, 2009. Knowing this I automatically assumed my wife's was over in Mar 2009. THIS WAS NOT THE CASE!
Apparently my wife's promotional period ended Feb 9, 2009 even though I applied earlier, received my card earlier, and performed a balance transfer earlier than my wife!

Moral of the story: call MBNA for each card you hold with them to see when the promotion ends.

Side note: MBNA did reverse the interest charges on my wife's account after they noted the discrepancy in our case.

[angel_wing0]

If I currently hold a 0% mbna card expiring this april can I apply for another one now?

yes u can.

[Hugh Jass]

Moral of the story: call MBNA for each card you hold with them to see when the promotion ends.

.

I don't see how anyone could assume anything with this amount of money at stake. They'll tell you the EXACT date your balance is due. Quite simple.

[Jungle]

yes u can.

Awesome thank you.

[Jungle]

Just applied for the 1.99% until balance is paid, it said I have to wait 30 for something in the mail?

Can I call in a few days to see if I am approved?

[Hugh Jass]

Just applied for the 1.99% until balance is paid, it said I have to wait 30 for something in the mail?

Can I call in a few days to see if I am approved?


I think 30 days would be the longest you'd have to wait.

Others have called after a few days, I'd give it a week.

[fastcat7]

It took me over 8 weeks and two follow up calls to finally get my card which just arrived.

The last time I called two weeks ago CS rep said that they were really busy and that my card would be on its way. I was also told this 1.5 months ago when I called.

Good reason to ask for a reduction of the transfer fee.

[bluser]

How would you input the code if you applied online? When I applied a day or two ago I followed the link at the beginning of this thread. The balance transfer rate in that link showed 1.99% but the length of the interest was not shown directly I had to look for it and if I remember correctly it said 1.99% for the life of the balance. I didn't have to input a code :confused:

[Hugh Jass]

I didn't have to input a code :confused:

Correct. That form is specifically for that code.

[Trooper8111]

How would you input the code if you applied online? When I applied a day or two ago I followed the link at the beginning of this thread. The balance transfer rate in that link showed 1.99% but the length of the interest was not shown directly I had to look for it and if I remember correctly it said 1.99% for the life of the balance. I didn't have to input a code :confused:

If you want to enter a code just go to creditrsvp.com and enter CEAN.

[angel_wing0]

Yup, thats why I declined it. The rep also tried her hardest to sell me on the Balance protection service. I must have said No at least 5 times, but she kept going on and on and kept asking what are my issues with this.

djino
"Though I should have probably applied for another Citi card for that 0% 12 months"

yip, u have to be VERY VERY FIRM in order for them to give up. Else they keep trying until u give in and say yes.

Why not? just apply for it. I am applying for another one for sure once my current one is done :D

[Hugh Jass]

I'm in the same boat. $22k 0% 15 months, balance due June. I decided to apply for the 1.99% now, they'll probably give me a small credit limit, maybe $10k. So, I'll pay off the 0%, merge the limits and take a 1.99% for life on that. We'll see.


Applied for 1.99% March 14th, received card today. Not too bad. Credit limit is only $5,000 but it'll do nicely when merged with the $22,500 from the other account.

[Justine]

Applied for the 1.99% one. I am currently unemployed though, so I don't know if I'll get it.

[Albertan]

any way to check online when the MBNA/CITI promos on our cards expire?

[Hugh Jass]

Applied for the 1.99% one. I am currently unemployed though, so I don't know if I'll get it.

Did you tell them you were unemployed on the form? If no, then you'll get one. They never checked with my employer.

[techidada]

I tried with old codes but they didn't work. Is there any new code for 0% for 15 month MBNA card?

[angel_wing0]

any way to check online when the MBNA/CITI promos on our cards expire?

i dont think u can...u will probably have to call to get the exact date.

[mcceng]

Just to pass on my latest experience with MBNA.
Today, my bank transfer using MBNA 0% for 15 months ending Apr 2010 was charged 1% for the bank transfer as per their terms. In the past, I have been able to have the fee reduced to 0.5% but they refused my request:(.

[angel_wing0]

Just to pass on my latest experience with MBNA.
Today, my bank transfer using MBNA 0% for 15 months ending Apr 2010 was charged 1% for the bank transfer as per their terms. In the past, I have been able to have the fee reduced to 0.5% but they refused my request:(.

yeah its very hard to get even 0.5% off...and some ppl want that fee waived --*

[slavka012]

So what is the most recent day that anyone got approved for MBNA 0% 15 mth? Is it still active?

I just closed my first one that I received last year. They did not want to close but all they could offer was 3% till Jan 2010. Now I wonder I should try to apply for it again. I think it was a 3 mth that I had to wait to qualify again?

[fliime]

is the 1.99% or life active, just checked out the website and it says introductory rate of 1.99%, not lifetime, so I am wondering if it has ended?
thanks

[Hugh Jass]

is the 1.99% or life active, just checked out the website and it says introductory rate of 1.99%, not lifetime, so I am wondering if it has ended?
thanks

Still the same code (CEAN), so same offer. When you click the link under the blue box on the application titled :Applicable fees and important information about transferring funds, it says:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

[fliime]

Still the same code (CEAN), so same offer. When you click the link under the blue box on the application titled :Applicable fees and important information about transferring funds, it says:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.



thank you!

[angel_wing0]

So what is the most recent day that anyone got approved for MBNA 0% 15 mth? Is it still active?

I just closed my first one that I received last year. They did not want to close but all they could offer was 3% till Jan 2010. Now I wonder I should try to apply for it again. I think it was a 3 mth that I had to wait to qualify again?

its only 0% for 12 months now.

Yes u can apply again in like a month or so...

[slavka012]

Thanks, I already went ahead with "1.99 forever" card. I think it is a better deal overall.

[shitbrick]

just finished applying on the phone. Used BTZ9 for the 12month and still active.

I should of gave the BODX code first or called back since the csr said there is a 15month is still being offered but i couldn't apply for it since i gave the 12month code first.

[desipoet]

just finished applying on the phone. Used BTZ9 for the 12month and still active.

I should of gave the BODX code first or called back since the csr said there is a 15month is still being offered but i couldn't apply for it since i gave the 12month code first.

This is the 0% transfer for 12 months, that you used?

Does it work with transferring an amount from a line of credit? I paid off my car using a line of credit and am looking to transfer that amount.

[leafsrule06]

Anyone get the 1.0% balance transfer fee waived or reduced on the MBNA 1.99% for life deal? I was told they cannot reduce or waive the fee b/c of the low rate they are already giving. They are not allowed to reduce it according to the agent I spoke to. Oh well it's still a cheap way to finance my new car!

[T3rry]

Anyone get the 1.0% balance transfer fee waived or reduced on the MBNA 1.99% for life deal? I was told they cannot reduce or waive the fee b/c of the low rate they are already giving. They are not allowed to reduce it according to the agent I spoke to. Oh well it's still a cheap way to finance my new car!

they said the same to me.





Another Q... anybody "combined" 2 cards? how long did it take? they said 5-10 days, but anybody have any real experience with a time frame that it took you?

[Britex]

Another Q... anybody "combined" 2 cards? how long did it take? they said 5-10 days, but anybody have any real experience with a time frame that it took you?

I didn't exactly combine two cards but rather transfer a big portion of my credit limit from one card to the 1.99% for life card. Took 15 minutes.

[tigger03]

is there a code for the 3.99% lifetime?

The 1.99% is for balances posted within 90 days of opening, and that rate stays until it's all paid off (no time limit)

I have the 0% MBNA for 15 months (almost up) -- I'm ready to pay it off. Just unsure if I should wait first, or apply for the 1.99%. I'd like to pay off my student loan and keep the 1.99% "for life".

[babaliciouz]

hi guys need a peace of advice...
I currently have 9.9 mbna gold card....how can I take advantage of this offer to save on interest...? should i call mbna and ask them to issue me another card with this offer? I can't cancel this 9.9% mbna account cuz i haven't paid up in full yet....
your help will be appreciated....

[Hugh Jass]

hi guys need a peace of advice...
I currently have 9.9 mbna gold card....how can I take advantage of this offer to save on interest...? should i call mbna and ask them to issue me another card with this offer? I can't cancel this 9.9% mbna account cuz i haven't paid up in full yet....
your help will be appreciated....


Just apply as if you never had an MBNA card. They allow you to hold multiple cards with them. My friend has got 5 different MBNA credit cards :-0

[dalman]

Just apply as if you never had an MBNA card. They allow you to hold multiple cards with them. My friend has got 5 different MBNA credit cards :-0

Yes, I applied online too even I have 5 other MBNA cards. After they sent me the new card, I just called and combine 3 other cards into this one.

[CozmikDebris]

OK, I read a few pages and am ready to make a decision but can someone tell me what MBNA is. Yes, it's been mentioned a million time but I just can't seem to put my finger on what it stands for. thanks

[P1x44r]

OK, I read a few pages and am ready to make a decision but can someone tell me what MBNA is. Yes, it's been mentioned a million time but I just can't seem to put my finger on what it stands for. thanks

"MBNA was founded in 1982 as Maryland Bank, N.A., a subsidiary of Maryland National Bank. The name MBNA is an initialism that was derived as an abbreviation or acronym of Maryland Bank, National Association. In 1989, Maryland Bank was renamed MBNA America Bank. MBNA Corp. spun off from Maryland National and became an independent company in 1991.[2]"

http://en.wikipedia.org/wiki/MBNA

[240sxer]

Are there no more 0% for 12 months Citibank Mastercard offers?

[Lukus]

Just apply as if you never had an MBNA card. They allow you to hold multiple cards with them. My friend has got 5 different MBNA credit cards :-0

I applied over the phone and after taking my info, I was transferred to a credit analyst who offered to lower my limit on my existing MBNA card and use the available credit amount towards my new 1.99% MBNA card. After a little show of disappointment, she ended up boosting my new limit from $7,500 to $10,000.

I tried to get the 1.0% BT reduced to 0.5% upon activation but was denied. I did not press the issue further as we're talking $50 here.

I'm in Ottawa and so is their office... plus I am an existing customer... got my new card within a week.

[Jfriah]

Applied March 4. Was denied; until I cleared my current MBNA card. Paid it off in full and re-app'd March 18. Called in today to find out "your application is still being reviewed. It could take up to 30 business days for them to reach their decision."

"Will someone contact me one way or the other or should I just keep calling back?"

"Well, they may or may not contact you so best to just keep calling back every now and then"

:confused:

And I must admit, the phone rep was very "having a bad day"... Catherine. But if the application goes through, it's all good.

I just said "well I'm currently just waiting to give MBNA a large amount of money here that they'll get the interest on; if they'd prefer I go with someone else like RBC, I might have to take them up on that."

Good luck to those still applying. That's my update for April. I'll check back in May again, round about the time I need the funding.

[Dangaa]

Applied March 4. Was denied; until I cleared my current MBNA card. Paid it off in full and re-app'd March 18. Called in today to find out "your application is still being reviewed. It could take up to 30 business days for them to reach their decision."

"Will someone contact me one way or the other or should I just keep calling back?"

"Well, they may or may not contact you so best to just keep calling back every now and then"

:confused:

And I must admit, the phone rep was very "having a bad day"... Catherine. But if the application goes through, it's all good.

I just said "well I'm currently just waiting to give MBNA a large amount of money here that they'll get the interest on; if they'd prefer I go with someone else like RBC, I might have to take them up on that."

Good luck to those still applying. That's my update for April. I'll check back in May again, round about the time I need the funding.

I would call back and ask frequently. I was 'preapproved' more than 3 weeks ago when i first applied. Called back 2 weeks later because the card wasnt here yet and the response was 'your application is being reviewed.' Called back 4 days later, same response. Only today did i find out that they shipped my card.

Good luck!

[Maximus_]

Yes, your credit score will take a hit from applying for the credit card. If you transfer an existing balance, your debt ratio won't change much. However, if you transfer the money to your savings account or for investment purposes, your debt ratio will increase. Increasing your debt ratio while shopping for a mortgage is a very bad idea. Just wait until after your mortgage is finalized before doing anything...

How about mortgage renewal? can anyone comment about effect of increased debt ratio (e.g. 15k BT to saving account + 30k osap, no other debt) on mortgage renewals (no missed/late payments on mortgage for five years, current bal. 160k)

[Maximus_]

I didn't exactly combine two cards but rather transfer a big portion of my credit limit from one card to the 1.99% for life card. Took 15 minutes.

so when I transfer my credit limit from another mbna card to the 1.99% card (past first 90 days), does it give me another 90 days for the new increased limit on the 1.99% account?

[Hugh Jass]

so when I transfer my credit limit from another mbna card to the 1.99% card (past first 90 days), does it give me another 90 days for the new increased limit on the 1.99% account?

No.

[lemure]

its only 0% for 12 months now.

Yes u can apply again in like a month or so...

Just called 6060 phone number, specified BODX but rep requested an alphanumeric reference (twice) in the top of the letter I should have received (:lol:). When I said I did not have access anymore to that mail, rep asked me infos : what was the rate, limit was 50 k or 100 k ? I answered 0 % BT for 12 or 15 months, 50 k limit offered. Rep said the rate is now 1.99 % and not 0 %. I repeated firmly it was 0 % for 12 or 15 month. After hesitation, he said 'was it 0 % for 12 or 15 months, 12 months no ?'
Thinking I was loosing 3 months but winning the 0 % I said 'YES'.
So after the whole process of questions I was able to succeed in one call to have a very interesting credit card. :twisted:
Let's wait now for the credit check !
Thanks OP !

[skyelinc]

is there a code for the 3.99% lifetime?

The 1.99% is for balances posted within 90 days of opening, and that rate stays until it's all paid off (no time limit)

I have the 0% MBNA for 15 months (almost up) -- I'm ready to pay it off. Just unsure if I should wait first, or apply for the 1.99%. I'd like to pay off my student loan and keep the 1.99% "for life".


The code for the 3.99 is CANW.

Is anyone still getting the 1.99? They told me it's a fraudulent code and transferred my call. Are you getting it if you apply online?

[st7860]

just apply for the 1.99 by directly clicking here and no need to mess around with an outsourced call centre rep. https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[240sxer]

Are there no more 0% for 12 months Citibank Mastercard offers?

anyone?

[rmdliu]

This is the 0% transfer for 12 months, that you used?

Does it work with transferring an amount from a line of credit? I paid off my car using a line of credit and am looking to transfer that amount.

yeah, I'm in the same situation. Does anyone know if we can transfer the amount from a line of credit?

[Trooper8111]

The code for the 3.99 is CANW.

Is anyone still getting the 1.99? They told me it's a fraudulent code and transferred my call. Are you getting it if you apply online?

Yes

[CozmikDebris]

just apply for the 1.99 by directly clicking here and no need to mess around with an outsourced call centre rep. https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

Excuse me for the dumb repetitive questions but I want to be absolutely sure before I sign. I will be charged a rate of 1.99% until I pay off the balance transfer in full, even if it takes years. Is this right?

tia

[battleaxe]

Called 6060 number as well, said I got a letter with code BODX and CC name MBNA Canada Platinum Plus, with 0% for 15 months BT, the (indian) rep put me on hold then said all she can give me is 0% for 12 months, I said OK, she processed app. gonna call tomorrow to "check status" to a canadian call center and see what they say

[dalman]

Excuse me for the dumb repetitive questions but I want to be absolutely sure before I sign. I will be charged a rate of 1.99% until I pay off the balance transfer in full, even if it takes years. Is this right?

tia

As long as you pay the min payments and not over your credit limit. I asked the rep and she told me for a 14k balance, the min payment is only $35 per month. I guess by that rate, I can never pay it off though. :)

[drewfar]

Just applied for the 1.99% via the web, gonna invest this in some nice fat 10+% interest bearing notes. Standard message at the end said that there will be a response in the mail within 30 days.

When exactly do they have the app in the system so I can call in about it? And I read some stuff about asking to talk to a credit specialist for instant approval to speed up the process a little? Exactly when and how can I do this?

Thanks

[dodgeram2500]

I applied Mar 30th on the net for cean deal, called 6060 number today to check status and they said I was approved on Apr 2 for $7500 and that it would be 15-20 days for the card to get here.

I asked about increasing the credit limit but she said she could not do it...already approved for the max, blah blah blah. So if I do a 7400 dollar balance transfer, then call back increase my limit and do another transfer will my first transfer have to be paid off before payments are applied to the fee on the second transfer?

Basically, is it better to increase credit limit before or after any balance transfers?

Thanks!

[fastcat7]

Just applied for the 1.99% via the web, gonna invest this in some nice fat 10+% interest bearing notes. Standard message at the end said that there will be a response in the mail within 30 days.

When exactly do they have the app in the system so I can call in about it? And I read some stuff about asking to talk to a credit specialist for instant approval to speed up the process a little? Exactly when and how can I do this?

Thanks

That's great. Let me know when and where you can get 10%+ notes.
Good luck with that. :razz: You do know that interest rates are at all time lows, which is why you are getting 1.99% in the first place. Right?

[chuck232]

Just applied for the 1.99% via the web, gonna invest this in some nice fat 10+% interest bearing notes. Standard message at the end said that there will be a response in the mail within 30 days.

When exactly do they have the app in the system so I can call in about it? And I read some stuff about asking to talk to a credit specialist for instant approval to speed up the process a little? Exactly when and how can I do this?

Thanks

Do tell. I've been looking for guaranteed 10%+ notes for sooooo long. :)

[st7860]

TDbank used to(not sure if they still do) offer a GIC with interest of up to 40%. it is linked to the stock market. the principal is guaranteed.

they also used to(not sure if they still do) another GIC with a guaranteed minimum interest rate, thats linked with the stock market. but it was less than 10%.

[drewfar]

That's great. Let me know when and where you can get 10%+ notes.
Good luck with that. :razz: You do know that interest rates are at all time lows, which is why you are getting 1.99% in the first place. Right?

CIBC, BMO have both recently issued long-term notes as above with semi-annual payments. Sure, you'll pay a premium on the open market to snap these up, but getting more than a 2% return should be fairly simple regardless of how you look at it!

GE also recently issued what I believe were 13% notes. You take the risk on the exchange rate with that though. Just look around ;)

[springbok]

beginning of month got approved for $4800 on the 1.99% for life.

just to let you know my min balance payment per month is $62.

[tsgee]

beginning of month got approved for $4800 on the 1.99% for life.

just to let you know my min balance payment per month is $62.

I think that includes you BT fee. The minimum payment next month should be way less.

[babaliciouz]

thanks for the info guys but just wanted to let you know that when i went to mbna.ca they've a security warning....

Security Alert
As a result of a security breach, some MBNA Canada MasterCard information may have been compromised.

so be careful...

also when how come the link to apply for the mbna card is this

https://wwwa.applyonlinenow.com/CACC...=cean&lc=en_CA

instead of something like www.mbna.ca/?????

I hope that's not a phishing site!!!! need your input

[babaliciouz]

Just apply as if you never had an MBNA card. They allow you to hold multiple cards with them. My friend has got 5 different MBNA credit cards :-0

thanks will do, should i do online or over the phone?
which one has a faster response time?

[alanbrenton]

thanks for the info guys but just wanted to let you know that when i went to mbna.ca they've a security warning....

Security Alert
As a result of a security breach, some MBNA Canada MasterCard information may have been compromised.

so be careful...

also when how come the link to apply for the mbna card is this

https://wwwa.applyonlinenow.com/CACC...=cean&lc=en_CA

instead of something like www.mbna.ca/?????

I hope that's not a phishing site!!!! need your input

Type creditrsvp.com and enter CEAN

Be cautious though, Bank of America, owner of MBNA, will be increasing interest rates for those who carry balances in the US. I hope this practice doesn't hit Canada soon as my wife and I took advantage of this 1.99% card.

Here's the link to the article. Make sure you have a backstop just in case MBNA decides to pull a similar stunt here in Canada.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20090409&id=9775042

[djino]

beginning of month got approved for $4800 on the 1.99% for life.

just to let you know my min balance payment per month is $62.

If you were approved for $4800. Your First Balance Transfer should be for an amount no greater than $4740 (Reasons follow).

Balance Transfer of $4740 will include a Balance Transfer fee of $47.40 (1%). Giving you total balance of $4787.40

Your First Monthly minimum payment will be the Rounded down[Interest] + Balance Transfer fee + $10 (Principal payment). Assuming no further Balance Transfers, your ongoing monthly minimum will just be Rounded Down[Interest] + $10.

I will calculate the interest during the first period, but this most likely will not be the same as your first month as this depends on your billing date and the day the balance transfer occurred. I will assume Balance Transfer began on the first day of billing cycle (for the maximum interest you'd pay).

Interest = ((AIR / 100) / 12) * Average Daily Balance

From Balance transfer on day 1 assumption, our Average Daily Balance is our $4787.40 . Interest would calculate to $7.94 .

1st printed statement will show a balance owing of $4795.04 (Previous Balance + Interest). Giving you only $4.96 credit available (which is why the original balance transfer should not exceed the $4740).

Your monthly minimum payment on 1st statement is $64.40 (Interest + BT Fee + $10).

Assuming you keep paying the minimum and no debt transactions, your ongoing payment is $17 (Interest + $10). This minimum payment will decrease until it hits the $10 mark or if the balance is paid in full.

djino

[IceQue]

I transferred 19,700 to my account. My first payment is $200 and some change (due to the 1% fee they charge) and then after that it is 40ish and some change a month is the monthly payment they said.

[deal_king]

If you were approved for $4800. Your First Balance Transfer should be for an amount no greater than $4740 (Reasons follow).

1st printed statement will show a balance owing of $4795.04 (Previous Balance + Interest). Giving you only $4.96 credit available (which is why the original balance transfer should not exceed the $4740).

Your monthly minimum payment on 1st statement is $64.40 (Interest + BT Fee + $10).
djino

There is something not clear in your calculation. My friend just got the package and it is clear that a monthly payment is immediately allocated to pay off the amounts with the lowest interest rate first. While the promotion is for 1.99%, it is ONLY for balance transfers. Any other fees or transactions fall under a 19.99% interest rate.

As you stated, the $47.40 (the 1% BT fee) is a "fee" and separate from the BT itself. $4740=Balance Transfer. $47.40=Account Fee. Are you 100% certain that the "fee" alone is not categorized as a transaction with a 19.99% interest rate?

If the "fee" is not lumped in as a balance transfer, then that means that you would have to pay the entire $4740 @2% before you can begin to pay off the $47.40 @19.99%! If you plan on paying the entire amount over 7 years, you will have to pay 19.99% interest on $47.40 for the entire 7 years!

Can someone in the know please clarify if they have researched this. I have called customer service and gotten wildly varying responses.

[djino]

There is something not clear in your calculation. My friend just got the package and it is clear that a monthly payment is immediately allocated to pay off the amounts with the lowest interest rate first. While the promotion is for 1.99%, it is ONLY for balance transfers. Any other fees or transactions fall under a 19.99% interest rate.

As you stated, the $47.40 (the 1% BT fee) is a "fee" and separate from the BT itself. $4740=Balance Transfer. $47.40=Account Fee. Are you 100% certain that the "fee" alone is not categorized as a transaction with a 19.99% interest rate?

If the "fee" is not lumped in as a balance transfer, then that means that you would have to pay the entire $4740 @2% before you can begin to pay off the $47.40 @19.99%! If you plan on paying the entire amount over 7 years, you will have to pay 19.99% interest on $47.40 for the entire 7 years!

Can someone in the know please clarify if they have researched this. I have called customer service and gotten wildly varying responses.


Who said anything about 19.99%. Everything in my calculation is towards a 1.99% AIR. I never mentioned anything not even the 1% BT fee to be 19.99%. And yes, the 1% Fee is categorized under your promo rate, but is payable on your 1st months statement.

I think I laid it out pretty clear.. What do you not get? Maybe I'll try again using a round figure such as $10,000 Balance Transfer on Day 1 of Billing Cycle.

Balance Transfer Amount = $10,000
Balance Transfer fee 1% = $100
Average Daily Balance = $10,100
AIR = 1.99%

1st Months Balance
= Previous Balance + Total Interest during Billing Period
= $10,100 + [((1.99 / 100) / 12) * $10,100]
= $10,100 + $16.75
= $10,116.75

1st Monthly Minimum Payment
= Rounded down [Interest] + Balance Transfer fee + $10
= Rounded Down [$16.75] + $100 + $10
= $16 + $100 + $10
= $126

Ongoing Monthly Minimum Payment
= Rounded down [Interest] + $10
= $16 + $10
= $26

19.99% Only comes into play if you use this account for purchases/cash advance/ (and Balance Transfers after 90 Days). If you used it for that, you are pretty stupid. Yes, I left this part out of my previous post, but I assume everyone knows better if they read through this thread.

Again, my above example assumes Billing Cycle began on the same day as Balance Transfer. If it didn't for you, your 1st months Interest will be a little less, and thus generating a little less 1st Monthly payment.

djino
"I hope its clearer now to you!"

[deal_king]

Who said anything about 19.99%. Everything in my calculation is towards a 1.99% AIR. I never mentioned anything not even the 1% BT fee to be 19.99%. And yes, the 1% Fee is categorized under your promo rate, but is payable on your 1st months statement.
djino
"I hope its clearer now to you!"

Okay if you are 100% certain that the 1% fee is categorized under the promo rate, then you answered my question fully.

[djino]

Okay if you are 100% certain that the 1% fee is categorized under the promo rate, then you answered my question fully.

I am 100% certain as on the 1st statment.. it states which balances fall under what Interest rate... and since 1st statement.. my entire balance is shown on statement under 1.99%

djino

[deal_king]

Does anyone have any specific suggestions on secure GICs or funds to invest with the proceeds from this? I've read through most of this thread and have only seen vague suggestions regarding BMO and CIBC bonds. Furthermore, do these investments vest interest once a month so we can make the minimum payments?

I have a fantastic credit rating and want to take advantage.

[angel_wing0]

from angel_wing0
1.9% for 9 months - Royal Bank Visa, no annual fee
http://www.rbcroyalbank.com/services...EF3166A31E710B

It's 2.90% now, sucks.

[MTL Guy199]

yeah, I'm in the same situation. Does anyone know if we can transfer the amount from a line of credit?

I'd also like to know. Anyone?

[sweetsimplicity64]

I applied online about 3 weeks ago and called today. The guy I spoke with said they had needed to validate my address before releasing the card. I had wanted to transfer 7600 in credit card debt, but was only approved for 2500. He also mentioned asking for a credit increase when I call in to activate my card.

If I can't get the increase the 2500 limit is pretty near useless to me as I only want it for the 1.99% for the life of the balance.

Any suggestions, aside from being polite and respectful to get an increase?

[Hugh Jass]

If I can't get the increase the 2500 limit is pretty near useless to me as I only want it for the 1.99% for the life of the balance.

Any suggestions, aside from being polite and respectful to get an increase?

If you really mean what you say about the $2500 not being much use, then I'd tell them to just cancel the card completely.

I don't know the implications of this to your credit score though, if that matters to you.

[molebdynum]

Who said anything about 19.99%. Everything in my calculation is towards a 1.99% AIR. I never mentioned anything not even the 1% BT fee to be 19.99%. And yes, the 1% Fee is categorized under your promo rate, but is payable on your 1st months statement.

I think I laid it out pretty clear.. What do you not get? Maybe I'll try again using a round figure such as $10,000 Balance Transfer on Day 1 of Billing Cycle.

Balance Transfer Amount = $10,000
Balance Transfer fee 1% = $100
Average Daily Balance = $10,100
AIR = 1.99%

1st Months Balance
= Previous Balance + Total Interest during Billing Period
= $10,100 + [((1.99 / 100) / 12) * $10,100]
= $10,100 + $16.75
= $10,116.75

1st Monthly Minimum Payment
= Rounded down [Interest] + Balance Transfer fee + $10
= Rounded Down [$16.75] + $100 + $10
= $16 + $100 + $10
= $126

Ongoing Monthly Minimum Payment
= Rounded down [Interest] + $10
= $16 + $10
= $26

19.99% Only comes into play if you use this account for purchases/cash advance/ (and Balance Transfers after 90 Days). If you used it for that, you are pretty stupid. Yes, I left this part out of my previous post, but I assume everyone knows better if they read through this thread.

Again, my above example assumes Billing Cycle began on the same day as Balance Transfer. If it didn't for you, your 1st months Interest will be a little less, and thus generating a little less 1st Monthly payment.

djino
"I hope its clearer now to you!"

Let me understand this... You pay the 1st initial payment for $126 when borrowing $10,000 and $26 per month after that and you get to keep 1.99% for the rest of the term of the balance owing? So long as you pay $ 26 per month you won't be penalized. This seems like a great way to pay down high interest credit cards or lines of credit.

[djino]

Let me understand this... You pay the 1st initial payment for $126 when borrowing $10,000 and $26 per month after that and you get to keep 1.99% for the rest of the term of the balance owing? So long as you pay $ 26 per month you won't be penalized. This seems like a great way to pay down high interest credit cards or lines of credit.

Yup, assuming you pay your monthly minimum on-time and you never exceed your credit limit.

Assuming aswell that you only use this account for Balance Transfers created within the first 90 Days. If you decide at all to use it for purchases, these will get 19.99% attached to them. Even if you make payments, they will go towards the lowest Interest (1.99%) Balance first before paying the 19.99%. Thus, you will get charged 19.99% on those purchases for the life of the 1.99% Balance.

djino

[dalman]

Yup, assuming you pay your monthly minimum on-time and you never exceed your credit limit.

Assuming aswell that you only use this account for Balance Transfers created within the first 90 Days. If you decide at all to use it for purchases, these will get 19.99% attached to them. Even if you make payments, they will go towards the lowest Interest (1.99%) Balance first before paying the 19.99%. Thus, you will get charged 19.99% on those purchases for the life of the 1.99% Balance.

djino

I am wondering how long you will be paying if you only pay $26 per month?

[djino]

I am wondering how long you will be paying if you only pay $26 per month?

If you continue to pay the monthly minimum then you are only decreasing the principal balance by $10/month. $10,000 divided by $10 = 1000 months = 83.3 years .

djino
"Yup"

[dodgeram2500]

For those wondering how long the online app takes, I applied Mar 30, got my card today, Apr 14...so about two weeks for me.

They only gave me $7500 though and I kinda want more. What's the best way of getting an increase? Ask for the increase now or do a $7400 balance transfer then ask?

Thanks!

[IceQue]

For those wondering how long the online app takes, I applied Mar 30, got my card today, Apr 14...so about two weeks for me.

They only gave me $7500 though and I kinda want more. What's the best way of getting an increase? Ask for the increase now or do a $7400 balance transfer then ask?

Thanks!
Apply for the mbna 15 month credit card. Then merge the two. Thats what I did and now i have 20k at 1.99

[molebdynum]

I called MBNA and spoke to an applications account manager and she said that the lifetime 1.99% has expired and will only offer 3.99%! :(

[majesus]

For those wondering how long the online app takes, I applied Mar 30, got my card today, Apr 14...so about two weeks for me.

They only gave me $7500 though and I kinda want more. What's the best way of getting an increase? Ask for the increase now or do a $7400 balance transfer then ask?

Thanks!

Call them and ask.

For me, they consolidated my other MBNA credit cards, (the CC from previous 0% loans that I now never use, canceled them and combined my credit limit from $7500 to $26,300.) I took the full amount BT at 0% till July 1, 2010. I deposited the money in People's Trust at a saving's rate of 3% (as of April 14, 09). This took me about 5 minutes of my time. I wish making money is always as easy as this.

[molebdynum]

Call them and ask.

For me, they consolidated my other MBNA credit cards, (the CC from previous 0% loans that I now never use, canceled them and combined my credit limit from $7500 to $26,300.) I took the full amount BT at 0% till July 1, 2010. I deposited the money in People's Trust at a saving's rate of 3% (as of April 14, 09). This took me about 5 minutes of my time. I wish making money is always as easy as this.

So you're borrowing MBNA's money to collect interest over the year ? About $789 for free..

[maddawg]

I called MBNA and spoke to an applications account manager and she said that the lifetime 1.99% has expired and will only offer 3.99%! :(

Well I hope not......wanted to apply today.

[llcooljayce]

Call them and ask.

For me, they consolidated my other MBNA credit cards, (the CC from previous 0% loans that I now never use, canceled them and combined my credit limit from $7500 to $26,300.) I took the full amount BT at 0% till July 1, 2010. I deposited the money in People's Trust at a saving's rate of 3% (as of April 14, 09). This took me about 5 minutes of my time. I wish making money is always as easy as this.

How did you get the 0% offer? My 0% is coming due in August and I want to get renewed again ... is this possible?

[ottofly]

Call them and ask.

For me, they consolidated my other MBNA credit cards, (the CC from previous 0% loans that I now never use, canceled them and combined my credit limit from $7500 to $26,300.) I took the full amount BT at 0% till July 1, 2010. I deposited the money in People's Trust at a saving's rate of 3% (as of April 14, 09). This took me about 5 minutes of my time. I wish making money is always as easy as this.

So you're borrowing MBNA's money to collect interest over the year ? About $789 for free..

For free???....Not exactly. If you factor in that 1% BT fee of $260 for $26000 and that interest income being 100% taxable at your marginal rate, (we'll assume 35%) that would leave you with about $253.

$789 *35% = $276 taxes to be paid. $789-$276 = $513 after taxes.
Then deduct the BT fee $513-$260= $253 after taxes and fees.

Then you have the risk of missing a monthly payment, payment getting lost, late payment or a processing error and just like that you get to pay %19.99 for the remainder. Yes yes, I know. Next step would be to find another card and another issuer @ 0 or 1.99% as your return keeps eroding.

Then you have "People's Trust". Who are they? What do they invest in? Even if they are CDIC insured, anyone care to say how long it will take to get paid should they fail? Far fetched I know, but if this recent crisis is any indication, nothing is a sure bet.

And we won't even get into the massive hit you're credit score takes when you max out a card @ 99%. lol

In my opinion, this is an insane strategy. Way too much risk for a miniscule REAL return.

[dalman]

For free???....Not exactly. If you factor in that 1% BT fee of $260 for $26000 and that interest income being 100% taxable at your marginal rate, (we'll assume 35%) that would leave you with about $253.

$789 *35% = $276 taxes to be paid. $789-$276 = $513 after taxes.
Then deduct the BT fee $513-$260= $253 after taxes and fees.

Then you have the risk of missing a monthly payment, payment getting lost, late payment or a processing error and just like that you get to pay %19.99 for the remainder. Yes yes, I know. Next step would be to find another card and another issuer @ 0 or 1.99% as your return keeps eroding.

Then you have "People's Trust". Who are they? What do they invest in? Even if they are CDIC insured, anyone care to say how long it will take to get paid should they fail? Far fetched I know, but if this recent crisis is any indication, nothing is a sure bet.

And we won't even get into the massive hit you're credit score takes when you max out a card @ 99%. lol

In my opinion, this is an insane strategy. Way too much risk for a miniscule REAL return.

I think you can deduct the interest of the money you borrow to invest. But it is true that the return is so small compare to the risk. One thing I am still not sure is whether MBNA can increase the interest even when 1.99% is promised for life. If that is the case, the risk is even higher.

[dalman]

If you continue to pay the monthly minimum then you are only decreasing the principal balance by $10/month. $10,000 divided by $10 = 1000 months = 83.3 years .

djino
"Yup"

Well, I hope I could live that long!

[Slider0906]

I called MBNA and spoke to an applications account manager and she said that the lifetime 1.99% has expired and will only offer 3.99%! :(

Just applied yesterday for 1.99% and had no problem. The first service rep said they didn't have it anymore but I replied with "I have the code for 1.99%" and then they transferred me to another rep who continued with the application at 1.99.

[markdweasel]

I think you can deduct the interest of the money you borrow to invest. But it is true that the return is so small compare to the risk. One thing I am still not sure is whether MBNA can increase the interest even when 1.99% is promised for life. If that is the case, the risk is even higher.

I had a feeling you can do that but how would I do it say using UFILE online? The 1% fee should be deductable. no?

Any help is much appreciated.

Mark

[Ven0r]

woohoo

gotta like MBNA, got my wife a card for 25k @ 1.99% for life and they just gave me one with a 30k limit @ 1.99% for life!

[MtX]

Call them and ask.

For me, they consolidated my other MBNA credit cards, (the CC from previous 0% loans that I now never use, canceled them and combined my credit limit from $7500 to $26,300.) I took the full amount BT at 0% till July 1, 2010. I deposited the money in People's Trust at a saving's rate of 3% (as of April 14, 09). This took me about 5 minutes of my time. I wish making money is always as easy as this.

So you wrote yourself a check of $26,300 and deposited it into your bank or you had $26,300 in debt? I don't get it.

[majesus]

So you wrote yourself a check of $26,300 and deposited it into your bank or you had $26,300 in debt? I don't get it.

What don't you get?

I took out a balance transfer for $26k. So yes I basically wrote a check and yes I do owe them that amount.

Provided I pay MBNA's minimum monthly amount of $10 ON TIME, I now have loaned $26k at 0% interest till July 1, 2010. Put it in any investment vehicle you like and sit on it till the due date. Then repay them back when the time comes.

[curls00]

What don't you get?

I took out a balance transfer for $26k. So yes I basically wrote a check and yes I do owe them that amount.

Provided I pay MBNA's minimum monthly amount of $10 ON TIME, I now have loaned $26k at 0% interest till July 1, 2010. Put it in any investment vehicle you like and sit on it till the due date. Then repay them back when the time comes.

Unless the details are vastly different for your card than anyone else's, the minimum payment is $10 or 3%, whichever is GREATER. So don't expect to be paying $10/month, expect to be paying more like 3% which in your case is north of $750/month.

[djino]

WRONG!

Minimum Payment with MBNA is Interest + $10. So if you are on a 0% Interest promo, then your minimum payment is just $10.

djino

[tsgee]

Minimum Payment with MBNA is Interest + $10. So if you are on a 0% Interest promo, then your minimum payment is just $10.



Unbelievable but true. I have both promos going, and my minimum payments are exactly as described.

[majesus]

Unless the details are vastly different for your card than anyone else's, the minimum payment is $10 or 3%, whichever is GREATER. So don't expect to be paying $10/month, expect to be paying more like 3% which in your case is north of $750/month.


This has been discussed many times before. If you are in good standing, it is $10/month during the 0% interest rate period.

[wiebecj]

No, it's $10. This has been discussed many times before. Research it.

Yup, that's what I've been paying for 4 months or so now.

[curls00]

Wow, I worked for MBNA and never recall that being offered before, even when on promo (and I did customer profiling and stuff like that where I would see this kind of stuff).

Very sweet!

[majesus]

Wow, I worked for MBNA and never recall that being offered before, even when on promo (and I did customer profiling and stuff like that where I would see this kind of stuff).

Very sweet!

LOL, it's alright. Glad we can share the knowledge. ;)
It's a good deal as long as you are prudent to make the required payments on time. Else you'll get bit.

[majesus]

For free???....Not exactly. If you factor in that 1% BT fee of $260 for $26000 and that interest income being 100% taxable at your marginal rate, (we'll assume 35%) that would leave you with about $253.

$789 *35% = $276 taxes to be paid. $789-$276 = $513 after taxes.
Then deduct the BT fee $513-$260= $253 after taxes and fees.

Assuming it was $253 after taxes and fees. For the ten minutes of my life that it took, that is SWEET. THat's the equivalent of a 25% deduction in my car insurance. You can place the money in any investment vehicle you want, and potentially make more bling. I just feel since the money isn't mine, I like parking it in a high interest savings account because that's my comfort zone.


Then you have the risk of missing a monthly payment, payment getting lost, late payment or a processing error and just like that you get to pay %19.99 for the remainder.
BS, How much risk is there to put it in the bank and program your online banking to do the monthly payments??? I review the MBNA statements every month, (it's available online PLUS they mail them to you!)


Then you have "People's Trust". Who are they?
Google it, or do a RFD search, lots of discussion about them in this forum.





And we won't even get into the massive hit you're credit score takes when you max out a card @ 99%. lol
Nope, my credit score is good. I check it twice a year. Also lenders typically don't look at your credit score as the final conclusion, they look at your credit report and make a judgement of your risk behaviour based on that. I am very strict in managing my credit. Every single one of my credit cards is R1. When I went in for a mortgage quote, I told my bank I borrowed money to invest in a high interest savings account. I showed them the money in my account. I showed them my Credit Card statement with the interest rate and my monthly payments. They were ok with it. If it ever became an issue, just give the money back. End of story.





In my opinion, this is an insane strategy. Way too much risk for a miniscule REAL return.
Lot's of people do this stratedy. I learned about it in this forum. Of course you're free to do what you want. But, if you do have a better strategy. PLEASE do what I do... share it with us!



$$SHARE THE WEALTH!$$
Maj

[Kirill]

I called MBNA number from the first post today, pretented that I received 0% promo letter in the mail some time ago and lost it, was able to get 0% balance transfer for 12 months :lol:
Thanks everybody for the info

[dalman]

Well I hope not......wanted to apply today.

Did anyone call to confirm? I sent this to my friend and the link is not working any more.

[curls00]

Did anyone call to confirm? I sent this to my friend and the link is not working any more.

First call (India) resulted in a reply of "we don't have that promo code". I called the Ottawa call center (1-888-876-6262) on the back of my current MBNA card and once I got through to the application analyst area, I was given the 1.99%/life no problem.

[dalman]

First call (India) resulted in a reply of "we don't have that promo code". I called the Ottawa call center (1-888-876-6262) on the back of my current MBNA card and once I got through to the application analyst area, I was given the 1.99%/life no problem.

Thanks!

[sweetsimplicity64]

The link www.creditrsvp.com is still active, however the CEAN code is no longer valid.

[Hugh Jass]

The link www.creditrsvp.com is still active, however the CEAN code is no longer valid.


:mad:

Shoulda applied for the wife's while I had the chance.

1st post should be edited.

[curls00]

The link www.creditrsvp.com is still active, however the CEAN code is no longer valid.

Worked for me late yesterday afternoon (not via the # on the link (India callcenter) but by the direct MBNA line).

[Trooper8111]

In my opinion, this is an insane strategy. Way too much risk for a miniscule REAL return.

Good reading
http://www.milliondollarjourney.com/credit-card-arbitrage-i-what-is-it.htm

[jmc0]

Oh no was going to apply next month for the 1.99% life car...
I tried the link a few days ago, it was working.... but does anyone have a new web link?

edit: web link seems to be back up again

[Hugh Jass]

Good reading
http://www.milliondollarjourney.com/credit-card-arbitrage-i-what-is-it.htm


This thread is way more informative than that link. They're all scared of their credit scores. Meh.

[Rockstead]

Guys, a few months back I was able to get one of those 1.99% for life cards, what are the chances of being approve for the 0% for 15months with MBNA if I already go the 1.99% for life?

And if there is no issue, how long does it usually take to receive the 0% for 15 months after applying?

[drewfar]

Called in today to see about the status after applying last Thursday, he said that it was still pending but he'd take care of me right now. Came back a second later, said my file was solid and that I was approved for 10k. This is the first business I've done with MBNA, so I suppose that's not bad, but I'm gonna try to get them to bump it up more when I activate like some have done here. And from what I've read in this thread based on income vs. how much you can get, I should be able to get considerably more.

Overall a fairly painless process, thanks OP and whoever listed the 1.99% code! I love free money.

As for anyones bond purchasing adventures, I suggest you talk to a broker!

[jmc0]

Called in today to see about the status after applying last Thursday, he said that it was still pending but he'd take care of me right now. Came back a second later, said my file was solid and that I was approved for 10k. This is the first business I've done with MBNA, so I suppose that's not bad, but I'm gonna try to get them to bump it up more when I activate like some have done here. And from what I've read in this thread based on income vs. how much you can get, I should be able to get considerably more.

Overall a fairly painless process, thanks OP and whoever listed the 1.99% code! I love free money.

As for anyones bond purchasing adventures, I suggest you talk to a broker!
Are they still giving the 1.99% out, Did you phone during weekday normal hours to initially apply? Since I am unable to get this card...

edit: Thanks guys that explains it. Apperently (even after multiple calls) people at that phone number I was calling don't understand that code. Just need to call a different number when the code is valid...

[curls00]

After bouncing around a few different phone numbers, my friend got the 1.99% no problem. That was this morning.

[drewfar]

Are they still giving the 1.99% out, Did you phone during weekday normal hours to initially apply? Since I am unable to get this card...

I just applied via the internet last week using the CEAN code linked in the first post of the thread. But someone said it wasn't working anymore or something?

[eliteblaze2]

Seems like the old, call and call again thing. I'd just call a few times and get it done rather than risk waiting on the itnernet

[dodgeram2500]

I called mbna once I got my card in the mail and said "I have received the card in the mail, but I'm not too happy with the credit limit. Any chance of getting the limit increased? If so I'll activate the card." She tried to activate it first, then transfer me to see if I could get a limit increase like 3 times! Finally she transfered me to an annalist and after being persistent and courteous they upped my limit to 10k from 7.5. So I activated it and I did a transfer for 9850 over the phone...pretty easy.

I'll call again in 80 days or so and see if they'll increase again...

[jabomb]

These both seem to work now.

www.creditrsvp.com with "Cean" code

and

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

Are they BOTH legit links?

J

[bubble.tea]

...I'll call again in 80 days or so and see if they'll increase again...

I upped my credit simply by clicking a 'upgrade my credit limit' button within my amex portal once. I thought it was dangerous as it really disconnected the importance of your credit...seeing as how you could instantly increase it (marginally nonetheless) at the click of the button, right from the end-user.

[tkyoshi]

I upped my credit simply by clicking a 'upgrade my credit limit' button within my amex portal once. I thought it was dangerous as it really disconnected the importance of your credit...seeing as how you could instantly increase it (marginally nonetheless) at the click of the button, right from the end-user.

That's why it's called the LUV button hehe. However with AMEX it could be dangerous, it can trigger a financial review if your limit is already very high ;)

[Shoua]

Just called, the 1-877-428-6060 on the application and used the CEAN code, it all worked fine, now I just need to see if I get approved :D

I called the different numbers that were posted and that number on the application was the only one that accepted the priority code.

[McGregor]

I did it over the internet 2 weeks ago and was approved.

[bubble.tea]

That's why it's called the LUV button hehe....

I didn't get that.

[sweetsimplicity64]

Applied about a month ago. Got the card yesterday. Called to activate and increase my limit of 2500 ( was declined the credit limit increase ) :( but activation and balance transfer took less than 5 minutes.

2500 transferred from a Canadian Tire MC with 24.99% interest to a 1.99% for life is a substantial saving. I wasn't going to activate if I couldn't get the limit increase but I'm now glad I did.

Thank you RFDers for sharing the info (and it's good to know the CEAN code is still working!) I was a little concerned I may have been approved for a different type of card, but it is the 1.99 for life of the balance transfer :cheesygri

[Hugh Jass]

Applied about a month ago. Got the card yesterday. Called to activate and increase my limit of 2500 ( was declined the credit limit increase ) :(

Did they say you were declined?

[faze555]

Applied online, got the card in 3 weeks.
First time with MBNA and got approved for $15,000
Transfered to my TD chequing account within 2 days =D

Thank you RFD! :razz:

[angel_wing0]

anyone got their bt fee reduced?

[dalman]

My wife and I together got about 30k credit line on this card. I was planning to use it to pay off our student loan since we are paying 5% interest rate on that. But I have some doubts whether MBNA can break their promise and change their rate one day. Especailly after I know one friend got the rate on his home equity credit line from CIBC increased without any negotiation. I am just afraid that it could increase anytime.

[Hugh Jass]

My wife and I together got about 30k credit line on this card. I was planning to use it to pay off our student loan since we are paying 5% interest rate on that. But I have some doubts whether MBNA can break their promise and change their rate one day. Especailly after I know one friend got the rate on his home equity credit line from CIBC increased without any negotiation. I am just afraid that it could increase anytime.

I have the same fear, especially when interest rates start to go up. May take a while though. Even if they bumped it up to 2.99% it'd be worth it.

[sweetsimplicity64]

They spouted something about me being a new account holder and having other credit cards too near their limit. Both good reasons! I'd probably not have given me any credit at all!! lol

They didn't use the word declined, but they didn't raise the limit either, so it all boils down to a *declined*

Did they say you were declined?

[tigger03]

My wife and I together got about 30k credit line on this card. I was planning to use it to pay off our student loan since we are paying 5% interest rate on that. But I have some doubts whether MBNA can break their promise and change their rate one day. Especailly after I know one friend got the rate on his home equity credit line from CIBC increased without any negotiation. I am just afraid that it could increase anytime.

Get the 1.99% rate. If you're putting $500 a month on student loans at 5%, you'll end up paying more towards the principle with the 1.99% card with the same $500. I intend to pay off my loans faster this way -- before they can "break" their promise and increase the rates.

But they clearly have it in black and white in the contract that the rate will remain until the balance is paid off. I don't think my LOC had that in there.

[Ebtek]

Get the 1.99% rate. If you're putting $500 a month on student loans at 5%, you'll end up paying more towards the principle with the 1.99% card with the same $500. I intend to pay off my loans faster this way -- before they can "break" their promise and increase the rates.

But they clearly have it in black and white in the contract that the rate will remain until the balance is paid off. I don't think my LOC had that in there.

+1 and hopefully there is a difference in their rights to raise the interest rate on your revolving credit portion vs. the rate you've both agreed upon for the balance transfer

[bcbgboy13]

This is for the people with CITI 0% BT card from April 2008.

It is possible that your final payment is due on Apr.30 and not by the date that you initiated your BT. Not a single word in our April statements warning that the total balance is due by the end of the month.

Call the CC and arange to pay it off by the due date or else you will :cry:
;)

[Gee]

Can someone explain this?

If, and for as long as your Account is inactive and has a credit balance, then a fee will be assessed to your Account on each anniversary date of the day on which your Account was last active as follows: After 1 year of inactivity with a credit balance, the fee will be the lesser of $5 or the credit balance; after 2 years the fee will be the lesser of $15 or the credit balance; after 5 years the fee will be the lesser of $25 or the credit balance; and after 9 years the fee will be the lesser of $30 or the credit balance.

[curls00]

Can someone explain this?

If, and for as long as your Account is inactive and has a credit balance, then a fee will be assessed to your Account on each anniversary date of the day on which your Account was last active as follows: After 1 year of inactivity with a credit balance, the fee will be the lesser of $5 or the credit balance; after 2 years the fee will be the lesser of $15 or the credit balance; after 5 years the fee will be the lesser of $25 or the credit balance; and after 9 years the fee will be the lesser of $30 or the credit balance.

If you carry a negative balance on your card (ie: they owe you money, not the typical other way around), then they reserve the right to charge you a fee to maintain that account. Having worked for MBNA before, I know it actually does cost a fair amount of $ on average to maintain accounts, keep records, monitor fraud, report to the credit bureaus, etc. This is MBNA trying to recoup the cost of that for accounts that will not seemingly make them any money, and personally I think it's fair.

[Ruski1982]

Has anyone successfully applied in the last day or two? If so, can you please post the link and/or Phone # you used?

I am specifically referring to the 1.99% for life promo. Cheers.

[mmhassa2]

Guys a quick question, took advantage of the O % interest for 15 months and have about 3 months left to pay it back. But as of today paid the entire balance off. Now back in Feb I applied for the 1.99% card and was declined as they said since I already have a card with them and was carrying a large balance they couldn’t approve the application. They said they keep an application for 90 days and since I told them I’ll be paying the other card within thee 3 months to call back and re-apply again on the same application.

Now my question is do you think it’s smarter to apply for the increase on my current card since I’ve created some history with them (12 months) and then the same day call back and ask them to re-consider the 1.99% card. Since there is no balance on the current card they will probably approve it even for a small amount and then I can call back to close the previous card that now has a larger limit and transfer it to the new card. I hope Im making sense?

Basically do this so I can get a larger limit with the card that’s coming to an end with the 0% promo as I have some history with them and then transfer to the new 1.99% card?

OR should I apply and try to get the new card approved and then ask for a credit increase on the old card, wait a day or two and ask them to transfer it to the new card?

[starchoice]

If you carry a negative balance on your card (ie: they owe you money, not the typical other way around), then they reserve the right to charge you a fee to maintain that account. Having worked for MBNA before, I know it actually does cost a fair amount of $ on average to maintain accounts, keep records, monitor fraud, report to the credit bureaus, etc. This is MBNA trying to recoup the cost of that for accounts that will not seemingly make them any money, and personally I think it's fair.

Yes, this makes perfect sense! :confused:Your account is in credit balance. Basically, they are holding your money and since they are not paying you any interest, the customer must now pay MBNA a fee because it's pretty expensive to maintain that account. :rolleyes:

Basically, if you have their money, they want 20% interest but if they have your money, you get nothing but a charge because it costs them money to maintain that account.

I see that since you worked at MBNA, they have brainwashed you into thinking that this actually makes sense and can be justified.

[slavka012]

Had 0-15 card, the deal ran out so I paid the balance. Called to close the account. Then called to open 2.00-forever card. That was several weeks ago. Called today to check the status. The said approved for 7500 only because I still have the other card. Turns out they did not close the first one, bastards! I guess I'll merge credit limits when I get the second card.

[digger1]

Called 1-877-428-6060 chose French language used the CEAN code, it all worked smooth.
I tried other phone# with english version and was told that CEAN is not valid anymore...blah..blah
One operator even mentioned redflagdeals.ca !

[curls00]

Yes, this makes perfect sense! :confused:Your account is in credit balance. Basically, they are holding your money and since they are not paying you any interest, the customer must now pay MBNA a fee because it's pretty expensive to maintain that account. :rolleyes:

Basically, if you have their money, they want 20% interest but if they have your money, you get nothing but a charge because it costs them money to maintain that account.

I see that since you worked at MBNA, they have brainwashed you into thinking that this actually makes sense and can be justified.

FYI, I worked in Finance as an analyst on precisely this sort of thing. I know the numbers on a cost per account basis on what it costs to maintain an inactive account. Do you? No...

[jmc0]

Had 0-15 card, the deal ran out so I paid the balance. Called to close the account. Then called to open 2.00-forever card. That was several weeks ago. Called today to check the status. The said approved for 7500 only because I still have the other card. Turns out they did not close the first one, bastards! I guess I'll merge credit limits when I get the second card.
So it takes that long to get a card...?

[Hugh Jass]

Turns out they did not close the first one, bastards! I guess I'll merge credit limits when I get the second card.

This probably works in your favour.

[slavka012]

So it takes that long to get a card...?
Yes, at least two full weeks passed. And guess what, they said TODAY I'm approved and I'll receive a card in TEN BUSINESS DAYS!!!

Oh well, if I were in their place I too would not hurry to give me this card :)

[Albertan]

I need some advice.

I had $10K on the CITI 0% card - however, it runs out this month on April 30th (CHECK YOUR BALANCE PEOPLE - I ONLY HAD THE CARD 6 MONTHS BUT IT STILL RAN OUT APRIL 30TH

So I have paid off the remaining balance on the CITI card. I have another $7K sitting on the 0% MBNA card.

I would like to transfer the ~10K from the citi card to another card (either 0% or the 2% for life). How should I best go about doing this? Can I call MBNA and get a second card, and still run the 0% MBNA card and the other one buy themselves?

Should I cancel the CITI 0% card, since I won't be using it? Or merge it with my main credit card, which happens to be a CITI Driver Edge Platnium? I don't need any more credit on that card, so I am thinking I should cancel my CITI 0% card as soon as it shows the balance paid off, then apply to MBNA for the 2% for life card? Or is there a 0% code still out there?

Thanks for your advice guys and gals!

[tigger03]

Guys a quick question, took advantage of the O % interest for 15 months and have about 3 months left to pay it back. But as of today paid the entire balance off. Now back in Feb I applied for the 1.99% card and was declined as they said since I already have a card with them and was carrying a large balance they couldn’t approve the application. They said they keep an application for 90 days and since I told them I’ll be paying the other card within thee 3 months to call back and re-apply again on the same application.

Now my question is do you think it’s smarter to apply for the increase on my current card since I’ve created some history with them (12 months) and then the same day call back and ask them to re-consider the 1.99% card. Since there is no balance on the current card they will probably approve it even for a small amount and then I can call back to close the previous card that now has a larger limit and transfer it to the new card. I hope Im making sense?

Basically do this so I can get a larger limit with the card that’s coming to an end with the 0% promo as I have some history with them and then transfer to the new 1.99% card?

OR should I apply and try to get the new card approved and then ask for a credit increase on the old card, wait a day or two and ask them to transfer it to the new card?

I don't think that they'll give you the 1.99% card if you still have a large balance (i.e. maxed out) on the 0% for 15 months. I had a limit of 20k, paid 14k off, and then called in for the 1.99%. The guy was nice and said that they had given me the max credit.

I told him that the 0 for 15 months promo was almost up, and I was ready to pay the remaining 6k in full. He lowered my current card's limit to 7k, and sent me the 1.99% for 14k. He said that once I pay the rest of the 6k for the 0 for 15 month promo, I could merge the balances -- giving me a 20k limit for the 1.99% lifetime promo :lol:

So if you have the money, pay off as much as you can (transfer from a LOC or something for a few days), and then you can get approved for the 1.99% card and use the paid off balances as your new credit limit.

[tigger03]

So it takes that long to get a card...?

it took less than a week for mine to arrive.

[fliime]

took about 8 days for my card to arrive

[curls00]

took about 8 days for my card to arrive

Thats about average. From the day you apply, they have an analyst reconfirm the application, recommend approval, send the request to the card printing facilities in Texas (yes Texas), print the personalized welcome package, mail it to Toronto's distribution centre, and then it goes into the Canada Post system to your house from there.

Under a week is blazing fast!

[Hugh Jass]

I don't think that they'll give you the 1.99% card if you still have a large balance (i.e. maxed out) on the 0% for 15 months.

I have $22k on the 0%/15mths, got the 1.99% for 5k. Will pay off the 0%, then ( hopefully) merge limit.

[mmhassa2]

I don't think that they'll give you the 1.99% card if you still have a large balance (i.e. maxed out) on the 0% for 15 months. I had a limit of 20k, paid 14k off, and then called in for the 1.99%. The guy was nice and said that they had given me the max credit.

I told him that the 0 for 15 months promo was almost up, and I was ready to pay the remaining 6k in full. He lowered my current card's limit to 7k, and sent me the 1.99% for 14k. He said that once I pay the rest of the 6k for the 0 for 15 month promo, I could merge the balances -- giving me a 20k limit for the 1.99% lifetime promo :lol:

So if you have the money, pay off as much as you can (transfer from a LOC or something for a few days), and then you can get approved for the 1.99% card and use the paid off balances as your new credit limit.

Thanks, as I already mentioned on my earlier post the balance is fully paid off. Which number did you call to get the 1.99%? Are the ones in India easier on giving out larger credit limits or it really varries? Thanks

[deal_king]

Thanks, as I already mentioned on my earlier post the balance is fully paid off. Which number did you call to get the 1.99%? Are the ones in India easier on giving out larger credit limits or it really varries? Thanks

Just a weird question: Why is everyone so concerned about getting a phone rep to accept them for the 1.99% promotion, when they can just apply online?? Do phone reps give higher credit limits than the online application system?

[mmhassa2]

Just a weird question: Why is everyone so concerned about getting a phone rep to accept them for the 1.99% promotion, when they can just apply online?? Do phone reps give higher credit limits than the online application system?

I believe the online application solely goes by the rules while if you talk to a person there’s a better chance to explain your situation. I applied online back in Feb and was declined but when I called in they suggested since I will be paying off the balance they will be able to transfer some of the limit to the new card. Also for my first MBNA card I was declined but when I called in and spoke to a credit analyst, got approved for it. I guess its just easier?

[Tiggs]

Does anyone know what the minimum payment is on the 1.99% lifetime card? I tried going back but couldn't find anything that indicated what the repayment terms are?

Is is a certain percentage of the outstanding balance or a specified amount each month?

Thanks to anyone that can help.

[uzer101]

Does anyone know what the minimum payment is on the 1.99% lifetime card? I tried going back but couldn't find anything that indicated what the repayment terms are?

Is is a certain percentage of the outstanding balance or a specified amount each month?

Thanks to anyone that can help.

see if this helps on about 14.5K i pay $32.

if i am not mistaken i think its $10+interest?

[Hugh Jass]

if i am not mistaken i think its $10+interest?

+1

[tigger03]

see if this helps on about 14.5K i pay $32.

if i am not mistaken i think its $10+interest?

Does the $10 go towards the principle?

[jmc0]

Does the $10 go towards the principle?
yes

[llcooljayce]

Hey guys,

Forgive me if this has already been asked (probably) but I've read through the last few pages and I can't seem to find an answer.

I have about $25K in an investment from the MBNA 0% for 15 month card. The balance is due in the next couple of months.

Is the 0% for 15 still available? If not, what is the best code to use for the 1.99% card? I'm assuming the best thing to do is to pay a chunk of the card and then apply for a new card, and then transfer the balance ... is that right?

Thanks in advance

[The Master]

hey guys, i tried reading through the past couple of pages but couldn't find what i was looking for....my question is will they do a transfer from OSAP?

[angel_wing0]

Is the 0% for 15 still available? If not, what is the best code to use for the 1.99% card? I'm assuming the best thing to do is to pay a chunk of the card and then apply for a new card, and then transfer the balance ... is that right?

Thanks in advance

It's only 0% for 12 months now.

hey guys, i tried reading through the past couple of pages but couldn't find what i was looking for....my question is will they do a transfer from OSAP?

just request a tranfer to your chequing account, and pay osap with a cheque.

[The Master]

It's only 0% for 12 months now.



just request a tranfer to your chequing account, and pay osap with a cheque.

ok thanks I'll give it a shot......


So I called today and the rep told me they are only offering 3.9 now....has anyone recently got the 1.99? if so what number did you call?

[sweetsimplicity64]

The online app is functional again ( it hadn't been another time I tested it )

www.creditrsvp.com promo code = CEAN

This is for the 1.99% for the life of balance transfers made in the first 90 days

[tigger03]

1.99% with CEAN still works.

[HockeyFan]

It's only 0% for 12 months now.


The 0% rate for 12 months is only valid until Apr09. So after that the higher interest kicks in (ie. the deal is pretty much over). That's what my understanding was from quickly reading the terms.

[tigger03]

yes

sweet, thanks! I'd be paying my student loans off quickly this way!! :cheesygri

[llcooljayce]

It's only 0% for 12 months now.



just request a tranfer to your chequing account, and pay osap with a cheque.

Thanks but how do you obtain the 0% for 12 months?

[jmc0]

The online application asks 'Total household income' anyone know if this includes all of: parents, siblings, spouse, children, self, relatives, etc. within the house?

[Crowbarfoot]

The online application asks 'Total household income' anyone know if this includes all of: parents, siblings, spouse, children, self, relatives, etc. within the house?

Generally it's you and a partner, at least CIBC is that way.

[starchoice]

It's everyone in the household.

[Pr0metheus]

The online application asks 'Total household income' anyone know if this includes all of: parents, siblings, spouse, children, self, relatives, etc. within the house?

From Wikipedia:
To measure the income of a household, the pre-tax money receipts of all residents over the age of 18 over a single year are combined.

[v_tofu]

The 0% rate for 12 months is only valid until Apr09. So after that the higher interest kicks in (ie. the deal is pretty much over). That's what my understanding was from quickly reading the terms.

yikes, so it ends it about 2 days?

I'm calling tomorrow, from my understanding, I have to apply for a new MBNA card, then whatever they give me, I can consolidate with my current MBNA card. My question is, can I get them to transfer the balance to me on the spot? Or do i have to wait til they actually phsyically send me the card?

thanks in advance

[llcooljayce]

I called MBNA today and quoted the BODX code for the 15 months at 0% balance transfer. The rep (from India I assume) asked me for the code at the top of the letter. I told him that I don't have the letter here with me at work but the offer was for 15 months at 0%.

The rep then put me on hold and said that he could offer me 12 months at 0%. I accepted.

So here are the steps for those that don't want to read through 300 pages of information:

1. Call 1-877-428-6060, Press 1 for English and 2 for French, Press 1 to apply.

2. Tell the rep that you have a letter from MBNA that offered 15 months at 0% interest for balance transfers. Tell them that the code is 'BODX'. The will in all likelihood tell you that the code does not exist and that the offer is no valid. Play Dumb. Tell them that you have the letter at home and that you are still interested in the offer. They will likely put you on hold and look for another offer that is close. This is where you will probably be offered 0% for 12 months.

3. Accept and go through the application process.

If Step 2 from above does not work, you can try calling back and quoting code 'BTZ9', which is supposed to be the 12 months at 0% promotion code but I can't be certain as I quoted BODX.

Hope this helps. Keep in mind that someone on this board has stated that the offer expires on April 30th, so do it TODAY if possible.

[Mardos]

I called in last week and applied for Platinum Prestige Line (http://mbna.ca/pc_flexible_credit.html) and the interest rate is 9.75%.
I still haven't received my card yet.
Can I still call in and ask to get the 1.99% for life or it's to late?

[v_tofu]

I called MBNA today and quoted the BODX code for the 15 months at 0% balance transfer. The rep (from India I assume) asked me for the code at the top of the letter. I told him that I don't have the letter here with me at work but the offer was for 15 months at 0%.

The rep then put me on hold and said that he could offer me 12 months at 0%. I accepted.

So here are the steps for those that don't want to read through 300 pages of information:

1. Call 1-877-428-6060, Press 1 for English and 2 for French, Press 1 to apply.

2. Tell the rep that you have a letter from MBNA that offered 15 months at 0% interest for balance transfers. Tell them that the code is 'BODX'. The will in all likelihood tell you that the code does not exist and that the offer is no valid. Play Dumb. Tell them that you have the letter at home and that you are still interested in the offer. They will likely put you on hold and look for another offer that is close. This is where you will probably be offered 0% for 12 months.

3. Accept and go through the application process.

If Step 2 from above does not work, you can try calling back and quoting code 'BTZ9', which is supposed to be the 12 months at 0% promotion code but I can't be certain as I quoted BODX.

Hope this helps. Keep in mind that someone on this board has stated that the offer expires on April 30th, so do it TODAY if possible.


I did this, but near the end, he told me that monthly minimum payments would be 2.25%, NOT $10!

I called back, talked to another rep, and they told me that it was indeed 10$/month. So they put me through to do the application again, but the rep wouldn't give me 0% 12 months!!!!

[st7860]

just apply here - 1.99% for life

[Mardos]

just apply here - 1.99% for life

was that referring to me ?

[v_tofu]

reading from past posts, you do the balance transfer after you receive the card? do you do it over the phone or with the checks they give you?

cheers,

[llcooljayce]

reading from past posts, you do the balance transfer after you receive the card? do you do it over the phone or with the checks they give you?

cheers,

On my original MBNA 0% for 15 month, I got approved, got the card and then called to activate the card and do a balance transfer.

[hyperpork]

Just used the 'BTZ9' code and the rep automatically said that would be 0% interest rate on BT/Cash Advance for 12 months for that code and took me right to the application process. So I guess that means the code works.

[Symcrapico]

Just used the 'BTZ9' code and the rep automatically said that would be 0% interest rate on BT/Cash Advance for 12 months for that code and took me right to the application process. So I guess that means the code works.

I just talked to 2 rep and both accepted the BODX promo code for 15 month at 0% on balance transfer, BUT the minimum monthly payment was 2.25% of the current balance and NOT 10$.

I think this is still a good deal since the interest rate is 0%, but I might be wrong. What do you guys think?

I'm currently building a garage and Im thinking about putting as much as possible on this card and pay it progressively rather than putting everything on my mortgage.

[v_tofu]

I just talked to 2 rep and both accepted the BODX promo code for 15 month at 0% on balance transfer, BUT the minimum monthly payment was 2.25% of the current balance and NOT 10$.

I think this is still a good deal since the interest rate is 0%, but I might be wrong. What do you guys think?

I'm currently building a garage and Im thinking about putting as much as possible on this card and pay it progressively rather than putting everything on my mortgage.

Thats the same spiel I get. I did get one rep who confirmed it was $10/month, but when he trasnferred me, he didtn' stay on the line to tell the guy taking the application that it was $10/month and not 2.25%!

[v_tofu]

I just called, and now they say they will do Interest + 10$/month, OR 2.25%/month, WHICHEVER IS HIGHER!

for the $10/month to be higher, your BT would have to be around 500. I tried explaining this to them, saying that I would like the $10/mo, but they wouldn't budge.

[Symcrapico]

I just called, and now they say they will do Interest + 10$/month, OR 2.25%/month, WHICHEVER IS HIGHER!

for the $10/month to be higher, your BT would have to be around 500. I tried explaining this to them, saying that I would like the $10/mo, but they wouldn't budge.

Exact same thing for me

[v_tofu]

Exact same thing for me

UPDATE:

so i called their customer service number (1-888-877-6262) told them the situation, and they gave me the 0% 12 months WITH 10$/monthly payment!!


My question, how long does this process take? They gave me a reference number, but said could take up to 2 weeks for them to call me for approval? I would have imagined it is faster than that?

[pargirl]

Question.....
I know the answer must be in here, but I was hoping someone can help me out.
My Citibank 0% is over today. I have paid off the balance and asked for a rate better than 19.9% on this card. I will never use it and they said there is nothing they can do about the rate. I find that hard to believe, but whatever.
Do I just leave this card alone with a zero balance and simply apply for another one? I also have an MBNA card with 0% until October.
If anyone can give me a quick answer, I'd appreciate it!
Thanks.

[Trooper8111]

Question.....
I know the answer must be in here, but I was hoping someone can help me out.
My Citibank 0% is over today. I have paid off the balance and asked for a rate better than 19.9% on this card. I will never use it and they said there is nothing they can do about the rate. I find that hard to believe, but whatever.
Do I just leave this card alone with a zero balance and simply apply for another one? I also have an MBNA card with 0% until October.
If anyone can give me a quick answer, I'd appreciate it!
Thanks.

You can "exchange" it for another one of their cards. Their platinum is 16.99%. Citibank is not too competitive as their interest rates go but you shouldn't carry a balance with their cards anyway. You should use their cards for their price protection and purchase insurance then pay off the balance when the bill comes in.

If you're looking for low interest, just shop around.

[boyoflondon]

Question.....
I know the answer must be in here, but I was hoping someone can help me out.
My Citibank 0% is over today. I have paid off the balance and asked for a rate better than 19.9% on this card. I will never use it and they said there is nothing they can do about the rate. I find that hard to believe, but whatever.
Do I just leave this card alone with a zero balance and simply apply for another one? I also have an MBNA card with 0% until October.
If anyone can give me a quick answer, I'd appreciate it!
Thanks.

Why is it hard to believe? I will tell you that the best you can have is 16.9% with the Platinum card ....

[hyperpork]

Question.....
I know the answer must be in here, but I was hoping someone can help me out.
My Citibank 0% is over today. I have paid off the balance and asked for a rate better than 19.9% on this card. I will never use it and they said there is nothing they can do about the rate. I find that hard to believe, but whatever.
Do I just leave this card alone with a zero balance and simply apply for another one? I also have an MBNA card with 0% until October.
If anyone can give me a quick answer, I'd appreciate it!
Thanks.

Cancel it, and if you really need a credit card, you can easily get a new one with better rate and better rewards. Plus you don't want to keep too many credit card under your name because the more credit cards you have, the harder to get a bank loan (when you need one). If it is possible, it is better to borrow money from the bank, consider the very low interest rate right now, than borrowing from credit card companies.

From my experience, 2 to 3 credit cards are the sweet number for the bank. That is I got enough credit cards to build up my credit history, but I don't have too many so I would have less chance to spend more than I earn (from the bank's point of view).

[jmc0]

Say if 3 weeks ago, I submitted a new application for the MBNA 0% and just activated and done a BT with it today; how soon before I can
a) apply for a new MBNA 1.99% life card?
OR
b) apply for another new MBNA 0% card?
i.e. what is the least amount of time people have waited before “Successfully” apply for another new MBNA card…

Thank you

[tigger03]

I just called, and now they say they will do Interest + 10$/month, OR 2.25%/month, WHICHEVER IS HIGHER!

for the $10/month to be higher, your BT would have to be around 500. I tried explaining this to them, saying that I would like the $10/mo, but they wouldn't budge.

that's what it says in the contract.

[curls00]

that's what it says in the contract.

I just checked the contract I got today with the 1.99% card and is specifically states that, but "WHICHEVER IS LOWER". :)

[Trooper8111]

I just checked the contract I got today with the 1.99% card and is specifically states that, but "WHICHEVER IS LOWER". :)

It actually says "the lesser of"

[curls00]

It actually says "the lesser of"

Same ****. ;)

[jl319]

Say if 3 weeks ago, I submitted a new application for the MBNA 0% and just activated and done a BT with it today; how soon before I can
a) apply for a new MBNA 1.99% life card?
OR
b) apply for another new MBNA 0% card?
i.e. what is the least amount of time people have waited before “Successfully” apply for another new MBNA card…

Thank you




Question: im assuming 0% is for Bt's? If so, how do you "apply for one"(please be specific/ whats eligibility critera? I thought the 0% was a deal you get as you already have a card.. THX

[jmc0]

Question: im assuming 0% is for Bt's? If so, how do you "apply for one"(please be specific/ whats eligibility critera? I thought the 0% was a deal you get as you already have a card.. THX
AFAIK you can still apply for the '0% BT for 12 month' card, it's open to both new people and existing customer.
The details are in the OP, I believe their standand income check of ~35k applies. Basically you just phone them up and apply.
However you might have to try the different phone numbers a few times combined with the various codes listed there (depending on your luck with CSR)...

[Neil]

I have a large 0%-for-15-months balance expiring in June or July(?) By my calculation it should be July but when I phone in the reps all give me various dates in June.

I'd like to roll it over and extend this if possible.

From reading the thread I'm assuming the best thing is to:
- pay it all off
- once balance is back to $0 again, call in with a more recent offer (I have a stack of envelopes from them with various offers)

This would work better than trying to get them to convert me straight from the current plan I assume?

The problem I have then is to decide whether to do it now, since the offer letters might dry up and expire by June/July.

[inntents]

You can "exchange" it for another one of their cards. Their platinum is 16.99%.

Why is it hard to believe? I will tell you that the best you can have is 16.9% with the Platinum card ....


Both my wife and I have the Citibank Platinum, and we've both had 9.9% for several years now, so I'm not sure where you all are getting the "best you can have" percentage quote.

BUT...... a couple of months ago we got a notice that as of our May statements, the rate was changing to 14.9% :mad: A freakin' 50% jump in interest rate!!!!! And we've done nothing to warrant such a jump - no late payments, ever, and we've almost always carried some balance on our cards. I'm going to call in after our May statement date, and threaten to leave them outright if they screw us over like this. I already have the credit room elsewhere to pay off our entire balances on the spot, while I have them on the phone, if they don't back down from the hike. Hope it works, but who am I to them?:mad:

[shylok]

Both my wife and I have the Citibank Platinum, and we've both had 9.9% for several years now, so I'm not sure where you all are getting the "best you can have" percentage quote.

BUT...... a couple of months ago we got a notice that as of our May statements, the rate was changing to 14.9% :mad: A freakin' 50% jump in interest rate!!!!! And we've done nothing to warrant such a jump - no late payments, ever, and we've almost always carried some balance on our cards. I'm going to call in after our May statement date, and threaten to leave them outright if they screw us over like this. I already have the credit room elsewhere to pay off our entire balances on the spot, while I have them on the phone, if they don't back down from the hike. Hope it works, but who am I to them?:mad:

Uh world credit markets?? Are you oblivious to what's been happening to the American banks... Citi happens to be one of those... Anyways it's not personal. Happening to everyone.. Amex is even paying some people to pay down their balances

[QTheNukes]

Both my wife and I have the Citibank Platinum, and we've both had 9.9% for several years now, so I'm not sure where you all are getting the "best you can have" percentage quote.

BUT...... a couple of months ago we got a notice that as of our May statements, the rate was changing to 14.9% :mad: A freakin' 50% jump in interest rate!!!!! And we've done nothing to warrant such a jump - no late payments, ever, and we've almost always carried some balance on our cards. I'm going to call in after our May statement date, and threaten to leave them outright if they screw us over like this. I already have the credit room elsewhere to pay off our entire balances on the spot, while I have them on the phone, if they don't back down from the hike. Hope it works, but who am I to them?:mad:

Get a bank line of credit, you would be much better served. Most people on here think it is complete blasphemy to carry a balance on a card if you don't have 0% interest rate, 10% is horrible, 15% is something else all together.

[Hugh Jass]

Uh world credit markets?? Are you oblivious to what's been happening to the American banks... Citi happens to be one of those... Anyways it's not personal. Happening to everyone.. Amex is even paying some people to pay down their balances

But I'm sure they wouldn't like to lose a client that's giving them 10% interest. Hell, I'll lend them some of my dough at 10% :lol:

[ditto]

I have a dumb question:

I got a 0%-for-15-months card, then I cashed $10k and put it in a saving account, assume the interest rate is 3.5% for a year. I have to pay 1% to MBNA for cash advance. Then will be ended up with $250 cash minus income tax on the interest. Why is MBNA offering this deal? Anything wrong in my calculation?

[nacho113]

I have a dumb question:

I got a 0%-for-15-months card, then I cashed $10k and put it in a saving account, assume the interest rate is 3.5% for a year. I have to pay 1% to MBNA for cash advance. Then will be ended up with $250 cash minus income tax on the interest. Why is MBNA offering this deal? Anything wrong in my calculation?

They are hoping that you can't afford to pay off the balance at the end of the promo period , then you will have to start paying the standard interest rate (which I believe is 19.9%) or if you default on a payment during the promo period, then they also revert you back to the standard interest rate.
You have to make sure you always make the payments on time (preferably a couple of days early) and pay off the balance at the end of the promo period or you will start to get soaked on the interest.

[jl319]

I have a dumb question:

I got a 0%-for-15-months card, then I cashed $10k and put it in a saving account, assume the interest rate is 3.5% for a year. I have to pay 1% to MBNA for cash advance. Then will be ended up with $250 cash minus income tax on the interest. Why is MBNA offering this deal? Anything wrong in my calculation?

i think enough ppl trigger a penalty by making a late payment or so, and thus end up being stuck with 30% on their 10k and loosing the 0%....mbna makes money off this trust me

[k288]

How do I go about getting a 1.99% for life MBNA MC? Right now I have a MBNA Platinum card at 10.9%, BT is 1% fee though.... Since last week or so they have been calling me to offer this Prestige Line of credit card at 6.75% but interest start counting from day one...

Also I wonder let`s say I get approved for the Prestige card, why would they call up someone before knowing they will get qualified is beyond me though.... can I then cancel my Platinum card? I really would not want to hold on to too many credit cards since I have a VISA also.

TIA :)

[boyoflondon]

Both my wife and I have the Citibank Platinum, and we've both had 9.9% for several years now, so I'm not sure where you all are getting the "best you can have" percentage quote.

BUT...... a couple of months ago we got a notice that as of our May statements, the rate was changing to 14.9% :mad: A freakin' 50% jump in interest rate!!!!! And we've done nothing to warrant such a jump - no late payments, ever, and we've almost always carried some balance on our cards. I'm going to call in after our May statement date, and threaten to leave them outright if they screw us over like this. I already have the credit room elsewhere to pay off our entire balances on the spot, while I have them on the phone, if they don't back down from the hike. Hope it works, but who am I to them?:mad:

I am talking about present ... there is nothing below 16.9% ;)

And threatening to cancel won't get you much once the account has been set for repricing.

[drewfar]

I just activated today after receiving the card in the mail over a week ago.

Called the number on the front of the card to activate, it did that automatically and asked if I wanted to do a BT. Transferred through to that and told them I was a bit disappointed with the 10k limit, and they said they'd transfer me to the credit dept. Told the guy I was disappointed, he said he'd put me on hold and look at the original app.

Less than a minute later he came back and said he would double the limit, didn't even ask any questions. Score.

Asked him to transfer me back to where I could do a BT, transferred all I could minus the BT/First month interest of course to my chequing account, unfortunately they wouldn't budge on the 1% thing because the 1.99% 'rate was already so low'. I asked the polite young lady to also remove me from their telemarketing call list, and she went through the legal mumbo jumbo terms, and that was it! All in all a very easy process, thanks OP!

[dinesh_zee]

The Citi 0% offer page says:

" Spend on what you want for a change with 0% annual interest on balance transfers until April 2009. "

will it still work?

I applied, received, and activated the card, but no info about this promo in my account even after several weeks.

[ottofly]

I have a dumb question:

I got a 0%-for-15-months card, then I cashed $10k and put it in a saving account, assume the interest rate is 3.5% for a year. I have to pay 1% to MBNA for cash advance. Then will be ended up with $250 cash minus income tax on the interest. Why is MBNA offering this deal? Anything wrong in my calculation?

LOL. There is everything wrong with your calculation.

Can you kindly tell me where you're going to get a rate of 3.5%?? The best rate going is about 1.5% @ ING and even less at the big banks. lol

This whole strategy was insane to begin with as I had posted earlier. Take the rate and use it as it was meant to be used, not to on stupid risk to scalp for a few dollars.

[zander]

I have a large 0%-for-15-months balance expiring in June or July(?) By my calculation it should be July but when I phone in the reps all give me various dates in June.

I'd like to roll it over and extend this if possible.

From reading the thread I'm assuming the best thing is to:
- pay it all off
- once balance is back to $0 again, call in with a more recent offer (I have a stack of envelopes from them with various offers)

This would work better than trying to get them to convert me straight from the current plan I assume?

The problem I have then is to decide whether to do it now, since the offer letters might dry up and expire by June/July.

Yes, I would do it now. Waiting the last couple of months could end up costing you. Let us know how you make out and what offer you ended up with, please, as I'll be in the same situation looking at similar options a few months down the road. Thanks.

[angel_wing0]

citi's website:

Save money on purchases you've already made. Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009.*

Too lazy to update i guess.

[tonyford]

Sorry everyone if this has been explained already, not going threw 245 pages.

I've been thinking about trying to get the 1.99 interest for the lifetime of the balance card, i was thinking about just getting the card, writting myself a check from it and putting that money onto the balance of my mortgage. What is the minimum percentage of that balance that has to be paid each month? As well, has anyone done this with their mortgage and had much sucess?

Thanks all, please don't flame me too bad for not reading all the pages.

[k288]

I just activated today after receiving the card in the mail over a week ago.

Called the number on the front of the card to activate, it did that automatically and asked if I wanted to do a BT. Transferred through to that and told them I was a bit disappointed with the 10k limit, and they said they'd transfer me to the credit dept. Told the guy I was disappointed, he said he'd put me on hold and look at the original app.

Less than a minute later he came back and said he would double the limit, didn't even ask any questions. Score.

Asked him to transfer me back to where I could do a BT, transferred all I could minus the BT/First month interest of course to my chequing account, unfortunately they wouldn't budge on the 1% thing because the 1.99% 'rate was already so low'. I asked the polite young lady to also remove me from their telemarketing call list, and she went through the legal mumbo jumbo terms, and that was it! All in all a very easy process, thanks OP!

Can someone please let me know how I can get a 1.99% MC? I have the Platinum for a long time now and now at 10.99%, all they offered me was the 6.75% Line of credit card. Help is appreciated. Thx.

[Trooper8111]

Can someone please let me know how I can get a 1.99% MC? I have the Platinum for a long time now and now at 10.99%, all they offered me was the 6.75% Line of credit card. Help is appreciated. Thx.

Check first post.

[sienna owner]

Check first post.

aka don't be lazy...READ.

[Rockstead]

Guys my CIti Mastercard 0% is set to expire in the next few weeks, is there a way to get them to extend the 0%.

What's the best way to proceed next, I already have a MBNA 1.99% for life.

I really appreciate any help .

[angel_wing0]

cancel the expired offer citi card, and apply for another one on the op.

[Rockstead]

cancel the expired offer citi card, and apply for another one on the op.


Oh I could re-apply right away? no need to wait X amount of time? that would be great.

[k288]

Check first post.

Ooops thanks, I checked a lof of the later pages just not the first one :D, I will give them a call tomorrow. Is it just as easy to apply on the phone as on line? Any idea why someone will prefer a 3.9% card over the 1.99% card? Hopefully the limit is high enough so that I can transfer everything over..

[boyoflondon]

Oh I could re-apply right away? no need to wait X amount of time? that would be great.


Don't have high hopes of getting approved for another one at 0% ... they are not stupid and will pick up on it ;)

[xsf]

Both my wife and I have the Citibank Platinum, and we've both had 9.9% for several years now, so I'm not sure where you all are getting the "best you can have" percentage quote.

BUT...... a couple of months ago we got a notice that as of our May statements, the rate was changing to 14.9% :mad: A freakin' 50% jump in interest rate!!!!! And we've done nothing to warrant such a jump - no late payments, ever, and we've almost always carried some balance on our cards. I'm going to call in after our May statement date, and threaten to leave them outright if they screw us over like this. I already have the credit room elsewhere to pay off our entire balances on the spot, while I have them on the phone, if they don't back down from the hike. Hope it works, but who am I to them?:mad:

I've had 9.9% from Citi for many years now as well with 1% cash back and it hasn't changed. They tried to change it to 20% once recently on me for missing one payment so I called and they changed it back after I asked them to check their records of how long I've been with them.

[littlechuan]

I've had 9.9% from Citi for many years now as well with 1% cash back and it hasn't changed. They tried to change it to 20% once recently on me for missing one payment so I called and they changed it back after I asked them to check their records of how long I've been with them.

No wonder CITI's share is going up.

[Rockstead]

Don't have high hopes of getting approved for another one at 0% ... they are not stupid and will pick up on it ;)

Does it help to wait longer for re-applying before getting 0% again, or is it possible to apply for the MBNA 15 month card even though I have the 1.99% for life already?

[luckiii]

Guys, anybody applied through citi website and got approved to 0% - as their offer ends April 2009.

Also, for those who have citi cards - you need to cancel your card first (of course- pay off all balances), then wait one month and then apply.

[boyoflondon]

No wonder CITI's share is going up.

Do you have any idea wtf you are talking about? If you wanna talk stock market, and what drives the stock price up/down, then you better brush up on the basics before you spill some non-sense.


Does it help to wait longer for re-applying before getting 0% again, or is it possible to apply for the MBNA 15 month card even though I have the 1.99% for life already?

Every time you apply, they would check to see if you have any existing cards. If they see that you just closed it (and can reactivate within 90 days), they most likely wont approve you.

As for MBNA, not 100% sure ... call in and ask.

[dalkeith]

I just called 1-877-428-6060 and used the code BODX. He asked for the promotion details, and I advised 0% for 15 months, and it was accepted. After providing my details and finishing the application, I was transferred to a pre-recorded message outlining terms, and then disconnected. We'll see what happens.

----

MBNA
other 0% codes and other things here
"heregoes" says NEWEST code 8/29/2008 is BODW
call 1-866-544-4104 or 1-877-428-6060

8/29/2008 "patrob" says BODX still works for 15 months.

try BODX first. call 1-866-544-4104

[DanP]

I just called 1-877-428-6060 and used the code BODX. He asked for the promotion details, and I advised 0% for 15 months, and it was accepted. After providing my details and finishing the application, I was transferred to a pre-recorded message outlining terms, and then disconnected. We'll see what happens.




exact same thing, but they did take the promo code. Now i've read a bit, but so many pages to go thru.....how long can i do the balance transfers for? The entire 15 months or just the first month? And if i do the balance transfer in the 15th month, is it 15 months at 0% from that day?

[sweetsimplicity64]

Has anyone had any success with getting a limit increase before the 90 day balance transfer promo time was up on the 1.99 for life?

I asked for a limit increase when I activated my card ( was denied )- but if there is any chance of success, I will ask again.

I don't want to be a nuisance though, and I sooooooooooo crumble when faced with rejection :D

[angel_wing0]

well just note that you will get a credit hit everytime u ask for a CLI...

[angel_wing0]

Oh I could re-apply right away? no need to wait X amount of time? that would be great.

i would say wait a month or so...but with the economy/citi like this, they might not approve u for another one.

[Sensforever]

exact same thing, but they did take the promo code. Now i've read a bit, but so many pages to go thru.....how long can i do the balance transfers for? The entire 15 months or just the first month? And if i do the balance transfer in the 15th month, is it 15 months at 0% from that day?

It will say in your terms how long you have to do the transfers. Some promos have transactions deadlines and others dont. If there is a deadline it ranges between 3-6 months. The 15 months starts from the open date of your account, not the first balance transfer.

[Drew_W]

well just note that you will get a credit hit everytime u ask for a CLI...

Only if they pull your credit file. You may already be "preapproved" for a limit increase when you call.

[jabomb]

Only if they pull your credit file. You may already be "preapproved" for a limit increase when you call.

How does one determine that they were "already preapproved" for an increase vs a required credit file pull?

[bellehuynh]

Has anyone been rejected for a card and then called in to dispute why they were rejected and then later got approved?? Is it easier to get the 3.99% over the 1.99%??? Any insights??

[pargirl]

Has anyone been rejected for a card and then called in to dispute why they were rejected and then later got approved?? Is it easier to get the 3.99% over the 1.99%??? Any insights??

I was rejected, but I called in to plead my case. I had to send financial records of assets and then was approved for $20K.

[k288]

I was rejected, but I called in to plead my case. I had to send financial records of assets and then was approved for $20K.

For 1.99% or 3.99%? First page of the thread says MBNA 1.99% for life
call (1-888-876-6262) to apply which I called yesterday but found out it only opens Monday to Thursday.

What is the # for 3.99% just in case? Also do I have to give them any promo code?

[dealgetter]

I wanted to pay off my balance on my current MBNA card and then ask to combine the credit limit with my new 1.99% card. I noticed that it states in the agreement that you cannot use balance transfers (including cheque cash advances) to pay off or make payment on any MBNA card...how would they know if I get a cheque cash advance into my bank account and then use the money from my bank account to pay off my current MBNA card balance? Technically, the money from the cheque cash advance could go to pay my other bills for the month and then I would pay off the balance with the money I would have paid my other bills with, KWIM?

[crimsondr]

I wanted to pay off my balance on my current MBNA card and then ask to combine the credit limit with my new 1.99% card. I noticed that it states in the agreement that you cannot use balance transfers (including cheque cash advances) to pay off or make payment on any MBNA card...how would they know if I get a cheque cash advance into my bank account and then use the money from my bank account to pay off my current MBNA card balance? Technically, the money from the cheque cash advance could go to pay my other bills for the month and then I would pay off the balance with the money I would have paid my other bills with, KWIM?

They won't know or care.

[dealgetter]

Can you transfer part of your credit limit from one card to another? (ie. if I have a $2000 balance on my card but have a $10,000 limit, can I transfer say $5000 of the available credit limit to my new 1.99% card or do I have to combine them completely?

[Sensforever]

Can you transfer part of your credit limit from one card to another? (ie. if I have a $2000 balance on my card but have a $10,000 limit, can I transfer say $5000 of the available credit limit to my new 1.99% card or do I have to combine them completely?

You can redistribute any amount you wish.

[blah]

I currently have the MBNA 0% BT offer card which I'll be paying off in full. The low interest for life cards seem interesting but I want to make sure I understand how they work. Are they only low rates on balance transfers within a certain period after getting the card, or does this rate apply to all activity on the card.

My issue is that I don't need a balance transfer right now but would like to have the low rate available if needed at some point in the future, especially as my current MBNA card has a high credit limit. (Presumably, I'd have to get them to either put the new offer on my current card or make a new application and ask them to combine cards, which would result in the low rate offer at the combined credit limit.)

No flames, please. I have read several pages of this thread and didn't find my answer.

Thanks in advance.

[st7860]

they won't know or care.

+1

[djino]

Are they only low rates on balance transfers within a certain period after getting the card, or does this rate apply to all activity on the card.

When the card is activated, you have 90 Days to process all your Balance Transfers which will get the 1.99%/3.99% until its paid off (life of the balance).

My issue is that I don't need a balance transfer right now but would like to have the low rate available if needed at some point in the future, especially as my current MBNA card has a high credit limit. (Presumably, I'd have to get them to either put the new offer on my current card or make a new application and ask them to combine cards, which would result in the low rate offer at the combined credit limit.)

The life of Balance promos cannot be applied onto an existing account, you need to create a new account and process your Balance Transfers within the first 90 Days.

If you are currently on a 0% BT and you have maxed out the credit available, I, you will need to pay off a large amount (if not ALL) of this debt before you apply for the life of balance accounts. You can always call and try to get more credit from MBNA, but its highly unlikely they will extend more credit to you if you have pretty much maxed out what they have already given you.

This is basically how they can get you. You choose the 0% BT, and coming to the end of the 12-15 month term, if you can't pay it off in full, then they got you at 19.99% as they highly unlikely wont extend more credit so that you can Transfer that balance over to a new account.

Your best bet is to pay off a large chunk of it then apply for more credit (or move the credit available for the new account.

djino
"Goodluck"

[jmc0]

I would like to get the 1.99% life of BT card via a credit transfer off another card that I have; i.e. split credit from existing card, because they won’t extend any more credit to me. Anyone tried that?

Let say for example: I want the 1.99% card and I just got and activated their 12 month 0% card; but I also have an existing prestige line card with 12k available credit limit (want to keep 7k on it, but rest is moveable).

Question is: how do I ask the CSR to do the ‘application’, so the guy don’t get confuses?
“Hi, I want to get the 1.99% card. But instead of me applying directly, I would like you to move $5000 credit from my existing prestige line card to it instead?”

Would they understand that? Any suggestion or advice? A script for dummies like me would be helpful :o Thanks.

[djino]

I would like to get the 1.99% life of BT card via a credit transfer off another card that I have; i.e. split credit from existing card, because they won’t extend any more credit to me. Anyone tried that?

Let say for example: I want the 1.99% card and I just got and activated their 12 month 0% card; but I also have an existing prestige line card with 12k available credit limit (want to keep 7k on it, but rest is moveable).

Question is: how do I ask the CSR to do the ‘application’, so the guy don’t get confuses?
“Hi, I want to get the 1.99% card. But instead of me applying directly, I would like you to move $5000 credit from my existing prestige line card to it instead?”

Would they understand that? Any suggestion or advice? A script for dummies like me would be helpful :o Thanks.

They would perfectly understand that and I have done that twice already.

- Call the number at the back of your prestige line.
- Punch in your Prestige Line Card Info
- CSR "how may I help you with your Platium Prestige Line?"
- You "I would like to apply for the 1.99% Life of Balance Card, but instead of applying for new credit, I would like to move $x of the credit available from the Prestige Line towards this new account"

CSR may be able to do it or may have to transfer you to the applications department.

djino
"now go ahead! you have my permission to continue :)"

[Blambo]

Hi Everyone, please go easy, I'm a newbie:

Quick question: Has anyone come across a new Citibank 0% balance transfer code? I tried the website link and it says 0% until April 2009, and then I called to try the code and they said the offer had expired.

Any help with a new Citibank code or other 0% transfer credit card (other than MBNA) would be helpfull!

Thanks in advance.

[Trooper8111]

CSR may be able to do it or may have to transfer you to the applications department.


You will need to apply for new card but it's fairly easy to obtain their cards. Once you're approved, move available credit to your new card. I just moved $15K over to the 1.99% card with no hitch.

[patrob]

The Citi 0% offer page says:

" Spend on what you want for a change with 0% annual interest on balance transfers until April 2009. "

will it still work?

I applied, received, and activated the card, but no info about this promo in my account even after several weeks.
I am curious if the CITI 0% offer still works? :D

Has anyone applied after April 09 & got approved with 0% for 12 months??

[sh0n]

I tried today calling the mbna number and quoted the code bodx with 0% interest free for 15 months.

At first the rep offered me 12 months but I repeated what I had in the letter and he said ok with 15 months.

I gave him all the information.

What are the next steps in this process?

1. Receive confirmation whether or not my application has been approved?
2. How long can I do the balance transfer? 90 days? And I must keep in mind the 1% bt fee up to my credit limit in order to keep it at 0% interest free or else it'll be the 17.99% +?

Sorry for all the questions as I have read the thread quite a bit but just want some further confirmation

[Hugh Jass]

What are the next steps in this process?

1. Receive confirmation whether or not my application has been approved?



You can call up in a few days or else just wait until the card comes in the mail.



2. How long can I do the balance transfer? 90 days? And I must keep in mind the 1% bt fee up to my credit limit in order to keep it at 0% interest free or else it'll be the 17.99% +?

[/QUOTE]

Yes and yes.

[Blambo]

I am curious if the CITI 0% offer still works? :D

Has anyone applied after April 09 & got approved with 0% for 12 months??

I tried yesterday to get the 0% Citi offer and they said it was an expired offer but they could offer me a 6.99% BT for 6 months :(

Has anyone found a new Citi code or any other code (other than MBNA) with a 0% balance transfer option?

[dalkeith]

Today I called 1-866-434-5393 for a status. I was approved for 20k, and was advised the card would be released today, and should arrive within 7 days.

I just called 1-877-428-6060 and used the code BODX. He asked for the promotion details, and I advised 0% for 15 months, and it was accepted. After providing my details and finishing the application, I was transferred to a pre-recorded message outlining terms, and then disconnected. We'll see what happens.

----

MBNA
other 0% codes and other things here
"heregoes" says NEWEST code 8/29/2008 is BODW
call 1-866-544-4104 or 1-877-428-6060

8/29/2008 "patrob" says BODX still works for 15 months.

try BODX first. call 1-866-544-4104

[sweetsocaking]

I called today used the
1-877-428-6060
never had to mention the code then transfered to a pre recorded message. How long do I have to wait before I hear back wither or not i was approved.

[st7860]

http://www.vancouversun.com/Flaherty+introduces+credit+card+rules/1616158/story.html
Canadian Finance Minister Jim Flaherty announced nine measures Thursday aimed at protecting credit-card holders, but did not include any caps on rates and fees that customers and merchants face.


The rules include imposing a minimum 21-day grace period for cardholders on repayment, and better disclosure by financial institutions over changes in rates and fees.


"The Conservative government understands the pressures Canadian families are facing during the global recession," said Flaherty, during a news conference in Toronto. "The last thing these families need is a surprise on a credit card statement."


Under the new restrictions, credit card providers will have to include, on every monthly balance statement, a "clear indication" of how long it would take the consumer to pay off a balance if they only make minimum payments at current interest rates.


"This will help consumers get a truer picture of their debt-load as they pay it off and manage their affairs," said Flaherty.


Consumers will be informed in advance when a rate is about to change or expire and car companies will be prohibited to charge an extra fee solely with temporary authorizations when the actual amount is lower than the pre-authorized amount.


"By increasing transparency our government is taking real steps to protect consumers who use credit cards," he said.


Another significant change is that customers will now have to give the credit institutions their consent before those institutions can increase credit card limits.


Tougher measures were also introduced against debt collection practices. Flaherty said, among other restrictions, debt collectors will no longer be able to call families on weeknights and weekends.


On Wednesday, the U.S. House of Representatives passed legislation that sharply restricts credit card issuers' ability to raise interest rates on card holders' existing balances and to charge certain fees.


U.S. President Barack Obama is expected to sign the bill into law. Analysts say the bill could potentially hurt the bottom lines of major card issuers, such as Citigroup Inc., Bank of America Corp. and Capital One Financial Corp.


The focus of Flaherty's measures is on so-called issuer practices, as was outlined in the most recent budget. In that document, the government said it would require a minimum grace period on new card purchases (the interest-free period ranges from 15 to 26 days) and move to improve banks' debt collection practices.


The measures did not include any caps on what can be charged in terms of rates and fees.


The budget pledged to set up a task force on financial literacy, which would issue recommendations toward a national strategy toward improving Canadians' understanding of financial matters.


The Senate banking committee held hearings to study the credit and debit card systems, while the House of Commons' finance and industry committees have just begun studying the same thing.

[Mayoo]

Got this with my smartcash welcome package

Here you go .. try at your own risk

Promotional Offer ID DSFKZ4P5K : The promotional Rate for this promotional offer is a corresponding Annual Interest Rate of 2.99%
This promotional offer applies to each balance transfer and cheque cash advances transaction bearing this promotional offer ID ( each an "Eligible Transaction") the posted on your account beginning Dec 29, 2008 through your statement closing Date is April 2009. New transactions no longer qualify for this Promotional offer.

This promotional offer ends on your statement closing date Oct 2009

This promotional offer may end at any time if there is promotion turn-off event. “A promotion Turn-off" event means that any total minimum payment is not received by its payment due date. If a promotion Turn-off event occurs, then this promotional offer will end as of the first day of that billing cycle. This means that his promotional rate will not be in effect in that billing cycle

-------------------------------------------------------------------------
Promotional Offer ID DSFKZ4P5M : The promotional Rate for this promotional offer is a corresponding Annual Interest Rate of 0.99%
This promotional offer applies to each balance transfer an cheque cash advances transaction bearing this promotional offer ID ( each an "Eligible Transaction")

The promotional offer applies to Eligible Transactions posting to your account through July 2, 2009. This promotional offer ends on your statement closing date Nov 2009

This promotional offer may end at any time if there is promotion turn-off event. “A promotion Turn-off" event means that any total minimum payment is not received by its payment due date. If a promotion Turn-off event occurs, then this promotional offer will end as of the first day of that billing cycle. This means that his promotional rate will not be in effect in that billing cycle
-------------------------------------------------------------------------

Promotional Offer ID DSFKZ4P5N : The promotional Rate for this promotional offer is a corresponding Annual Interest Rate of 0.99%

This promotional offer applies to each balance transfer an cheque cash advances transaction bearing this promotional offer ID ( each an "Eligible Transaction")

The promotional offer applies to Eligible Transactions posting to your account through July 2, 2009. This promotional offer ends on your statement closing date Jan 2010

This promotional offer may end at any time if there is promotion turn-off event. “A promotion Turn-off" event means that any total minimum payment is not received by its payment due date. If a promotion Turn-off event occurs, then this promotional offer will end as of the first day of that billing cycle. This means that his promotional rate will not be in effect in that billing cycle

[sweetsocaking]

I just got approved for the mbna 0% for 15 months on BT and Cash advances woohoo.

[Mayoo]

I just got approved for the mbna 0% for 15 months on BT and Cash advances woohoo.

good .. two things

there is fee for withdrawing .. one time only .. i think its like 1%

dont withdraw the whole limit as it will affect ur credit score ..

[djino]

good .. two things

there is fee for withdrawing .. one time only .. i think its like 1%

dont withdraw the whole limit as it will affect ur credit score ..

Withdrawing any amount will affect credit score. Applying this amount to reduce an existing line of credit will balance the affect.

djino

[sweetsocaking]

good .. two things

there is fee for withdrawing .. one time only .. i think its like 1%

dont withdraw the whole limit as it will affect ur credit score ..

thanks for letting me know about the 1% fee.

ohh really I never knew this it only 5 k so what the max you suggest i withdraw so it does not affect my credit

[st7860]

maxing out ONE credit card will have almost no ill effect.

[yu119995]

When the card is activated, you have 90 Days to process all your Balance Transfers which will get the 1.99%/3.99% until its paid off (life of the balance).



The life of Balance promos cannot be applied onto an existing account, you need to create a new account and process your Balance Transfers within the first 90 Days.

If you are currently on a 0% BT and you have maxed out the credit available, I, you will need to pay off a large amount (if not ALL) of this debt before you apply for the life of balance accounts. You can always call and try to get more credit from MBNA, but its highly unlikely they will extend more credit to you if you have pretty much maxed out what they have already given you.

This is basically how they can get you. You choose the 0% BT, and coming to the end of the 12-15 month term, if you can't pay it off in full, then they got you at 19.99% as they highly unlikely wont extend more credit so that you can Transfer that balance over to a new account.

Your best bet is to pay off a large chunk of it then apply for more credit (or move the credit available for the new account.

djino
"Goodluck"

The good news is you have several options. Try this; one month prior to the expiration of their offer (just to be safe), move your balance over to an unsecured line of credit (currently anywhere from 5.50% to 6.50%). Think of it as temporary debt housing at a low interest rate. From there you could easily apply for the MBNA LOB 1.99% and move the debt there. Mind you, you need to have decent credit for this scenario so always make your payments on time regardless of circumstance. Credit can bury you if abused but it can also save your bacon when manipulated properly.

[happygoheather]

Does anybody know if any of these cards offer the free insurance when renting a car?

[tsgee]

Does anybody know if any of these cards offer the free insurance when renting a car?

You have to charge the rental to the card, which you don't want to do with these cards because your payments go to the lowest interest portion first. Which means you'll pay full interest on tre rental until you pay the whole balance including you BT.

[casperr]

How do you compute interest on this again? I saw djino explaining it but I cant dig that post.

He showed how much interest you will incur say you have $5000 owed on a 1.99% card, how much would be the interest in a month?>

[djino]

How do you compute interest on this again? I saw djino explaining it but I cant dig that post.

He showed how much interest you will incur say you have $5000 owed on a 1.99% card, how much would be the interest in a month?>

IF:
Balance Transfer = $5000
AIR = 1.99%
Balance Transfer completed on Day 1 of Billing Cycle

THEN:
1% Balance Transfer Fee = $50
Interest accrued during First month = $5050 * [(1.99 / 100) / 12] = $8.37
Statement Balance = Previous Balance + Interest = $5058.37
1st Months minimum payment = Rounded Down[Interest] + BT Fee + $10 = $8 + $50 + $10 = $68
Ongoing monthly minimum = Rounded down[Interest] + $10 = $18

djino
"There you go"

[davethegr8]

I tried calling in to apply for the 0% 15 month card and was told it was no longer available but they did have a 1.9% for 12 months they could offer me. I said no. I even asked about the 1.9 LOB card and they said it was now 3.9 LOB. However the link for the 1.9 LOB still works and I applied for that online. Will it be an automatic decline if that card isn't even offered anymore on the 1.9 term? I even filled out the balance transfer section with the 2 cards I want transferred over. Wonder if I would have to call in to say I would accept the 3.9 LOB if the other one wasn't available? Getting the low rate is first priority and then getting any above available credit transferred over to the smartcash card. I may have dug a hole first by applying for a card that maybe isn't even offered now.

[dalkeith]

I received the card yesterday after 7 days, and performed a balance transfer of 20k. Had no problems at any point - but by reading it truly depends on the agent you get so I supppose I was lucky. Thanks for the posts, great forum.

Today I called 1-866-434-5393 for a status. I was approved for 20k, and was advised the card would be released today, and should arrive within 7 days.

Quote:
Originally Posted by dalkeith
I just called 1-877-428-6060 and used the code BODX. He asked for the promotion details, and I advised 0% for 15 months, and it was accepted. After providing my details and finishing the application, I was transferred to a pre-recorded message outlining terms, and then disconnected. We'll see what happens.

----

MBNA
other 0% codes and other things here
"heregoes" says NEWEST code 8/29/2008 is BODW
call 1-866-544-4104 or 1-877-428-6060

8/29/2008 "patrob" says BODX still works for 15 months.

try BODX first. call 1-866-544-4104

[Hugh Jass]

Wonder if I would have to call in to say I would accept the 3.9 LOB if the other one wasn't available?

I'd wait and see what happens, unless you're up against it time-wise. They'll probably still honour it as the page is still live. Good luck.

[dealgetter]

I have the 1.99% for life of balance MBNA card. If I ask them on the phone to transfer money directly into my bank account, does this qualify under the 1.99% rate? Or should I wait for access cheques and do it that way?

[nufan]

I have the 1.99% for life of balance MBNA card. If I ask them on the phone to transfer money directly into my bank account, does this qualify under the 1.99% rate? Or should I wait for access cheques and do it that way?

yes transfer to a bank account qualifies, thats how I did my transfer.

[JohnB]

MBNA called me and offered me:

13.9% interest rate (which sucks, but I never carry a balance anyway)
and
3% cash back every 6mos, non-tiered, straight 3% back

Is this a good offer? I dont like to jump around cards all the time and my current MBNA card is 6.9% interest rate.

[djino]

MBNA called me and offered me:

13.9% interest rate (which sucks, but I never carry a balance anyway)
and
3% cash back every 6mos, non-tiered, straight 3% back

Is this a good offer? I dont like to jump around cards all the time and my current MBNA card is 6.9% interest rate.

I think they are talking about the "Smart Cash Card". See this thread for details -> http://www.redflagdeals.com/forums/showthread.php?t=722828

djino

[sh0n]

How long does it take for the letter to come in with the credit card so you can activate it?

I did the phone application with the Rep from the MBNA call center in India about 1.5 weeks ago and I've yet to receive anything in the mail.

Thanks

[mbiz]

How long does it take for the letter to come in with the credit card so you can activate it?

I did the phone application with the Rep from the MBNA call center in India about 1.5 weeks ago and I've yet to receive anything in the mail.

Thanks

I applied about 3 weeks ago and got nothing yet. Called today to check on the status and they said it's been approved and is now going through "final security checks" and that I should have the card in about a week or so.

On another note, I got approved for about 20% of my annual salary? Is it possible to get a higher credit limit by calling back or is 20% or so the norm?

[nufan]

How long does it take for the letter to come in with the credit card so you can activate it?

I did the phone application with the Rep from the MBNA call center in India about 1.5 weeks ago and I've yet to receive anything in the mail.

Thanks

It seems to differ between people based on location and just pure luck. I'm in MB and my most recent card that I got sent (Smart Cash) took half a week to change over on mbna.ca, and then about a week and a half after that to receive the actual card, so two weeks total. Many people get their cards much faster than that, and others have troubles and it takes much longer and have to call MBNA several times.

You're best bet is to just call them up, they will be able to check the status (eg. it was shipped on whatever date)

[JohnB]

I think they are talking about the "Smart Cash Card". See this thread for details -> http://www.redflagdeals.com/forums/showthread.php?t=722828

djino

Thanks a lot, I will check it out!

[justDeals]

I applied for the card two weeks ago and called today to get a status.

The rep sked me a few security questions and told me i have been approved and she will be sending out the card today, should have it in next 2 weeks. By the tone of it, felt like they were just holding it back and waiting for me to call before dispatching the package.

[iamdman]

i just called 12 months is available at 0% not 15 months however.

[LanceR04]

With the MBNA 1.99% life, lets say you're approved for 20K, and if i do a balance transfer of 15K and pay that off fully within few months.

Few months after paying in full, if i do another balance transfer do i still get 1.99% rate ?

[tigger03]

With the MBNA 1.99% life, lets say you're approved for 20K, and if i do a balance transfer of 15K and pay that off fully within few months.

Few months after paying in full, if i do another balance transfer do i still get 1.99% rate ?

No. You only have 90 days to do all Balance Transfers at the 1.99% rate. After that, it's way higher.

[LanceR04]

No. You only have 90 days to do all Balance Transfers at the 1.99% rate. After that, it's way higher.

when you say 'way higher' do you mean 19% ?

[sphinxx]

my card is in the mail.
tx rfd

[tigger03]

when you say 'way higher' do you mean 19% ?

Something along those lines. 19.99% to be exact.

[heypeterman]

My card took 4 weeks. I assumed I wasn't approved since it was taking so long. Thank you RFD!

[CatDog]

Has anyone got the 1.99% for life or 0% for 15 months?

Calling now, being told all offers are expired. Guess I'll try again

[st7860]

just fill it out online then

[CatDog]

I was told the 0% for 15 months is expired, but 1.99% for life is valid still

edit: told both 0% and 1.99% are expired

[DoubleDizzle]

went through the application process online today...

i'd like to streamline my monthly payments, and cut down on interest, so hopefully this does the trick.

:)

[McGregor]

I was told the 0% for 15 months is expired, but 1.99% for life is valid still

edit: told both 0% and 1.99% are expired

They've said that quite often with respect to the 1.99% for life. Just apply online.

My wife got hers 2 days ago.

[CatDog]

https://wwwa.applyonlinenow.com/CACCapp/Ctl/display?pageid=appdisc

is that the link for 1.99% for life, reading the terms in conditions make it sound only for 3 months

[superfool]

It seems like 1.99% deal is no longer for life, just for 1 month now.

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[shylok]

It seems like 1.99% deal is no longer for life, just for 1 month now.

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

LOL actually it says -1 months. Perhaps that is code for life? hahaha. There's something broken somewhere. I'm sure it's not supposed to read that. Anyways there's a number of different call centers for applying. Just call at a different time of the day.

[Hugh Jass]

It seems like 1.99% deal is no longer for life, just for 1 month now.

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

In the terms:

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

[sh0n]

So its been about 2 weeks since I've put in the application. I've yet to receive anything and like some of the posters mentioned its best to call in and ask them about the status of your application.

I've also been reading that some people have been getting 20K credit limits. What is your annual income, do you have any other credit cards or debts?

I was able to secure an amount of 7.5K and had to push the agent just to get 10K.
Is there some kind of formula based on debt load or other credit history that determines how much you get approved? I've heard its 20% of your annual income and it doesn't seem to matter if you rent/own your house.

[iamdman]

i just applied 15 months has expired but I got the 12 month 0%. I was speaking with an obvious call centre in India. I asked to get the 1% balance transfer fee waived, the supervisor came on the phone and said, "we do not have the ability to waive that fee, you will need to call" ... blah blah... "to see if they can do that for you". I asked, "so you don't have the ability or you don't want to do it?", again she explained they can not do that there. Oh well, I can live with the 1%, I will see if I can negotiate after the fact.

[Hugh Jass]

i just applied 15 months has expired but I got the 12 month 0%.

Wow, very nice. I didn't think they'd allow that.

[coleworld]

I just paid off my CITI 0% card.

Has anyone successfully received another 0% offer with the paid off card?

I do not want to close the account and re-apply for a new one...

[superwell]

i just applied 15 months has expired but I got the 12 month 0%. I was speaking with an obvious call centre in India. I asked to get the 1% balance transfer fee waived, the supervisor came on the phone and said, "we do not have the ability to waive that fee, you will need to call" ... blah blah... "to see if they can do that for you". I asked, "so you don't have the ability or you don't want to do it?", again she explained they can not do that there. Oh well, I can live with the 1%, I will see if I can negotiate after the fact.

did you get the 12 months at 0%, just as your 15 month was expiring or after it expired? My 15 month is coming up in august and would love to get the 12 months to extend the 0% offer to 27 months....please give us some more details....as to if your 15 month was expired, going to expire, or what and if it was going to expire did you just call them up and tell them you wanted to stay a customer and wanted the 12 month right after your 15 month expires??

[hankscorpio]

For this link:
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

Where it asks how many cards you want to transfer the balance from, do those details have to be put in now, or can I/is it better to do it after getting the card?

[iamdman]

did you get the 12 months at 0%, just as your 15 month was expiring or after it expired? My 15 month is coming up in august and would love to get the 12 months to extend the 0% offer to 27 months....please give us some more details....as to if your 15 month was expired, going to expire, or what and if it was going to expire did you just call them up and tell them you wanted to stay a customer and wanted the 12 month right after your 15 month expires??

this is my first card.

i doubt they would give you a 12 month after the 15 month imho. the reason this card exists is they are banking on people not being able to pay back the borrowed amount after the 12 or 15 month term, and thus charging them 18% interest on their borrowings.

[iamdman]

For this link:
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

Where it asks how many cards you want to transfer the balance from, do those details have to be put in now, or can I/is it better to do it after getting the card?

I would wait. The rep told me they send you a transfer form after you get the card or you can just call in and give the transfer details after you get the card.

[shylok]

did you get the 12 months at 0%, just as your 15 month was expiring or after it expired? My 15 month is coming up in august and would love to get the 12 months to extend the 0% offer to 27 months....please give us some more details....as to if your 15 month was expired, going to expire, or what and if it was going to expire did you just call them up and tell them you wanted to stay a customer and wanted the 12 month right after your 15 month expires??

What you have to do is pay off the amount owing then you can transfer the credit limit from your 15month card onto your new 12month card. You can't extend it on the same card, you'll have to apply for the new 12mo card and either close the 15mo one or lower the limit to 500 or something.

[shylok]

this is my first card.

i doubt they would give you a 12 month after the 15 month imho. the reason this card exists is they are banking on people not being able to pay back the borrowed amount after the 12 or 15 month term, and thus charging them 18% interest on their borrowings.

Correct they don't extend the same card. But you can get a 12mo card while already having a 15mo card. and simply pay balance, transfer available credit over to new 12mo card and then reapply balance again.

[Raider24]

Hey guys,

Im a newbie to this forum. I have a PC Financial Credit Card with a balance owing of 2500 dollars. I understand we can apply for other credit cards and do a "balance transfer" from my PC Card to the company im applying for and not have to pay any interest on that amount for ONE YEAR (or however long it is). Is this right? And also whats the lowest balance transfer interest rate being offered right now? Is MBNA with 1.99% the lowest right now?

Thanks guys

[sweetsocaking]

Hey guys,

Im a newbie to this forum. I have a PC Financial Credit Card with a balance owing of 2500 dollars. I understand we can apply for other credit cards and do a "balance transfer" from my PC Card to the company im applying for and not have to pay any interest on that amount for ONE YEAR (or however long it is). Is this right? And also whats the lowest balance transfer interest rate being offered right now? Is MBNA with 1.99% the lowest right now?

Thanks guys

The Lowest is 0% I just got mine yesterday, call them say you received a letter to apply for the 0% for 15 months Platnium Plus Card. They will ask you for some code on the letter I simply said I don't have it on me at this time.

[240sxer]

MBNA seems to be expired.

Here is a good one:

http://www.pcmastercard.pcfinancial.ca/rocen/cardapp/contentPG/premium_low_balance_transfer_rate_frm.asp?WT.ac=MC S3

[st7860]

mbna still works from here(from the first post)
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[Raddo]

mbna still works from here(from the first post)
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

I think why people are saying this link is expired is because if you scroll down to the bottom of the form, you will see that it says the rate is only good for 1-month. I know that you quoted the terms and conditions and in there it says the rate is good until the balance is paid in full, but I believe this is what is causing the confusion. :D

[jmc0]

Interesting, great job guys!
The PCMC@0.97% for 12 months [assuming no fee transfer (or $10)] is just as good (maybe even better) as the MBNA@0.00% for 12 months [assuming 1.00% fee transfer not reduced].

Can anyone confirm?
Get both, WOW NICE. :cheesygri

[leeo]

Tried using the CEAN code and the rep said it was invalid, so sounds like %1.99 is dead.

[Hugh Jass]

Tried using the CEAN code and the rep said it was invalid, so sounds like %1.99 is dead.

I talked to a MBNA rep today to do a balance transfer and he told me the same, that they are not accepting any new clients for 1.99% deal, simply because the rate is too low.

I remarked this sucked for a friend of mine that was about to apply and he said that if there was a site still alive with the application form, they WOULD honour the application.

So if anyone wants the 1.99%, do it on that site now, coz it may not be there for too much longer.

[sprdave]

When did the 0% offer expire? and did it apply to the SPG card? (does anyone have a scanned letter or something of the offer?)
I got a SPG card in May thinking of the 0%...which would be nice to use.

[patrob]

Has anyone applied for this CITI 0% that shows until April/09?? https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G
Link still works, so is that mean you will get the 0% offer for 12 months :D

[Raddo]

Has anyone applied for this CITI 0% that shows until April/09?? https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G
Link still works, so is that mean you will get the 0% offer for 12 months :D

hmm, that link might be YMMV, since if you read hte fine print in the terms and conditions it says the rate is good from april 2008-09 not from april 09-10. But since the link still works it might still be valid. :D

[trixiefirecracker]

Hello everyone,

There is soooo much information on this forum about the best interest rate cards. Some deals have expired, some deals don't even work for everyone and this makes it all very confusing.

Can someone out there please do a clean, clear re-cap of all the ligit deals out there?

Lets just get to the bottom of this. Information is key.

thanx

[tsgee]

Lets just get to the bottom of this. Information is key.



Wow, welcome. Sarcasm implied.

[jmc0]

Hey guys, anyone got their PCF 0.97% for 1 year yet? Any problems or gotcha? Thanks

[digger1]

Stay away from PCF 0.97%
I got mine and was approved for $3500 (Over $70000 income) while MBNA gave me $10000.
When I called to transfer funds I was told that they can do only 50% of the full amount so just $1750.
Talking to a supervisor didn't solve anything so I just cancelled it right away.

[szamma]

I just got approval - 0% for 15mths with $25K. Applied on May25th.
Thanks!

[ricedion]

I just got approval - 0% for 15mths with $25K. Applied on May25th.
Thanks!

CITI? do they have transfer fee?

[mcshame]

Stay away from PCF 0.97%
I got mine and was approved for $3500 (Over $70000 income) while MBNA gave me $10000.
When I called to transfer funds I was told that they can do only 50% of the full amount so just $1750.
Talking to a supervisor didn't solve anything so I just cancelled it right away.

Thanks for the info. I was wondering if they gave any decent credit limit. They sound tighter then Citi. MBNA are (were) very generous.

[angel_wing0]

CITI? do they have transfer fee?

citi is only 12 months and they have 1% bt fee.

so mbna still has 15 months...? i think he got lucky.

[jmc0]

Stay away from PCF 0.97%
I got mine and was approved for $3500 (Over $70000 income) while MBNA gave me $10000.
When I called to transfer funds I was told that they can do only 50% of the full amount so just $1750.
Talking to a supervisor didn't solve anything so I just cancelled it right away.
Wow that's bad, if that's the case then I am not going to apply... Anyone else care to share their experience with PCF@0.97%? Thank you.

[Dmitrya]

My question about CITI card. Then I’m getting one, just will write cheque on 10K and deposit it to my account.
I’m gonna pay 100 $ and every month will pay minimum due total during the year. Am I right?

[darkman007e]

Wow that's bad, if that's the case then I am not going to apply... Anyone else care to share their experience with PCF@0.97%? Thank you.
I pretty much have the same complain to make.

With Citybank my credit limit was 7000$ and this was on April 2008. Recently about 4 months ago, for no reason Scotiabank raised my limite from 1500$ to 5000$ then I called to have it back to it's original state.

Now PC they gave me only 2000$. Plus like digger1 said, out of 2000$ I can only use 1000$. This really sucks. I wanted to use a big limit to get 4000$ for my car but instead I have only 1000$ which is pretty much usefull just to replace the radio and that's it.

I'm also not sure if it was the case for CITI but PC they make it VERY clear that anything I pay will go only to the balance transfert until it's paid which mean that if I transfer 1000$ then if I buy an article at 10$, that 10$ whould only be paid AFTER I paid the 1000$.

[Hugh Jass]

I'm also not sure if it was the case for CITI but PC they make it VERY clear that anything I pay will go only to the balance transfert until it's paid which mean that if I transfer 1000$ then if I buy an article at 10$, that 10$ whould only be paid AFTER I paid the 1000$.

All cards are the same like this. Just do your BT and lock the card away.

[DoubleDizzle]

put my application in a couple weeks ago for the MBNA 1.99% for life, and haven't heard anything yet... called their service bureau and the guy said, 'it hasn't been decisioned yet'... how long has it taken you guys to get a verdict?

[dave009]

applied online got mine in 3 business days, showed up on my credit alert and received the card the next day.

i think it helped that i already had a mbna card before (signed up at GM place to get a free canucks jersey!) and good credit :D

so it may vary from person to person..

[jeeva86]

anyone able to convert existing mbna cards to 1.99% for life?

[starchoice]

PC they make it VERY clear that anything I pay will go only to the balance transfert until it's paid which mean that if I transfer 1000$ then if I buy an article at 10$, that 10$ whould only be paid AFTER I paid the 1000$.

Not only that but also since you are not paying for the article, they will also charge you the higher interest (19% or whatever) on that article.

[bigsky2]

anyone able to convert existing mbna cards to 1.99% for life?

I'd also like to to hear anyone else's experiences of converting existing MBNA cards to 1.99% for life.

I've got two cards with them and I'm going to cancel/consolidate one of them since I upgraded to the Smart Cash card from the Platinum Plus Premier Rewards.

[lorax1284]

put my application in a couple weeks ago for the MBNA 1.99% for life, and haven't heard anything yet... called their service bureau and the guy said, 'it hasn't been decisioned yet'... how long has it taken you guys to get a verdict?

I called 3 days after submitting (thought calling I could get it faster than by website submission) and was told it was already approved.

I gotta say that MBNA has cleaned up their act a bit: unless they intentionally put confusing text on their statements... when I read "Statement closing date" I thought that meant when my payment was due, so I made a payment... then I found out that means "statement date" not "payment due date" (which is what I see on other statements) and I effectively made 2 payments in one month, and 'missed' a payment in June... so I see my interest rate shoot up to 20% (from 2%) and panic.. when I phone they said I should make the full minimum payment of ~$400, and they will a) lower the rate back to the promo rate and b) refund the difference of the interest charged, so I guess they were understanding and didn't give me hassles... but why not just have TWO dates shown on the statement ("statement date" and "payment due date") in BIG LETTERS RIGHT NEXT TO EACH OTHER, so you know which is which and there is no confusion? Perhaps because they WANT customers to be confused? I wouldn't put it past them.

I hope the government's credit card regulations include a standardized statement rule.

[tigga]

citi is only 12 months and they have 1% bt fee.

so mbna still has 15 months...? i think he got lucky.

Just applied to get the 0% for 15 months for the balance transfer BUT
1) purchases are at 17.99%
2) cash advances are at 19.99%
3) the balance transfer amount goes to 17.99% after the 15 months

still worth it for me...

[jmc0]

I pretty much have the same complain to make.

With Citybank my credit limit was 7000$ and this was on April 2008. Recently about 4 months ago, for no reason Scotiabank raised my limite from 1500$ to 5000$ then I called to have it back to it's original state.

Now PC they gave me only 2000$. Plus like digger1 said, out of 2000$ I can only use 1000$. This really sucks. I wanted to use a big limit to get 4000$ for my car but instead I have only 1000$ which is pretty much usefull just to replace the radio and that's it.

I'm also not sure if it was the case for CITI but PC they make it VERY clear that anything I pay will go only to the balance transfert until it's paid which mean that if I transfer 1000$ then if I buy an article at 10$, that 10$ whould only be paid AFTER I paid the 1000$.
Thank you for everyone's feedback on the 12 month 0.97% PC card.
The deal sounded good on paper, but with their low credit limit and additional restriction on balance transfer being capped at half the limit –I don’t think I’ll be applying...

[ricedion]

used the link from 1st page to apply 1.99% for life on the weekend. after 5 days, called MBNA today to inquire the status. they have received the application, but hasn't made the decision. So she quickly looked at my application, and approved it. so the deal is not dead yet.

[dstylez]

Can anyone confirm that I can Balance Transfer from a line of credit to MBNA? I know PC was only from another CC...

Also can I just call in and ask for the 0% deal and hope for a good agent?

Thanks everyone.

[dstylez]

Just applied to get the 0% for 15 months for the balance transfer BUT
1) purchases are at 17.99%
2) cash advances are at 19.99%
3) the balance transfer amount goes to 17.99% after the 15 months

still worth it for me...

Did you apply online or through the phone?

[lisdoncca]

MBNA Mastercard Gold for 10 months - 1.99% interest rate
Priority code "CGMO" by phone 1-877-428-6060 or by web www.creditrsvp.com

Offer expires August 15, 2009 according to paper got by mail.
Not as interesting as 0%.

1-877-428-6060
Monday-Friday 9h am East to 9 pm
Saturday 10 am - 6 pm

[dstylez]

Can anyone confirm that I can Balance Transfer from a line of credit to MBNA? I know PC was only from another CC...

Also can I just call in and ask for the 0% deal and hope for a good agent?

Thanks everyone.
Anyone?

[QTheNukes]

Anyone?

It is actually better than that, they just transfer the money straight into your bank account and then you can decide how to use it.

[dstylez]

It is actually better than that, they just transfer the money straight into your bank account and then you can decide how to use it.

Nice! Thanks for that.

Now is there anyway to get the 0% offer still?
I called MBNA the rep said the deal expired 2 years ago...but some are saying they still got it..?

[QTheNukes]

Nice! Thanks for that.

Now is there anyway to get the 0% offer still?
I called MBNA the rep said the deal expired 2 years ago...but some are saying they still got it..?

keep calling back, you should get it eventually!

[gwmkwan]

Can anyone confirm that I can Balance Transfer from a line of credit to MBNA? I know PC was only from another CC...

Also can I just call in and ask for the 0% deal and hope for a good agent?

Thanks everyone.

This deal still exist
I just got 0% balance transfer for 12 months last week

[dstylez]

Sweet I just called in and they gave me the 0% for 15 months..now to find out if I got approved and for how much.

[QTheNukes]

Sweet I just called in and they gave me the 0% for 15 months..now to find out if I got approved and for how much.

Wow that is just way to awesome!! I am on my second run, done in March, hoping it still exists come February!

[addicted2it]

Sweet I just called in and they gave me the 0% for 15 months..now to find out if I got approved and for how much.

What number did you call and what code did you provide:?::?::razz:

[Jokerswild69]

Can you post what phone number you used for the MBNA 12M 0% deal...as well as what coupon code did you use.:?::!:


This deal still exist
I just got 0% balance transfer for 12 months last week

[gwmkwan]

What number did you call and what code did you provide:?::?::razz:

i just called the general line
no special code
i just told them i got their code before from bunch of their junk mail
the way they handle my call, it seems like they have all the codes already
depending on what you want

[anelectricmind]

used the link from 1st page to apply 1.99% for life on the weekend. after 5 days, called MBNA today to inquire the status. they have received the application, but hasn't made the decision. So she quickly looked at my application, and approved it. so the deal is not dead yet.

Were you approve for the 1.99% AIR for life? or did they "downgraded" you to an other card... because reading the disclosures, i found this :


I understand that if my application for an MBNA Platinum Plus or Gold Account is not approved, this request constitutes my application for a Preferred Account.

I already have a Visa with a 9.9% rate but want to transfer my balance to save on interest... but if I can't get the 1.99% AIR, it's not worth it (Balance Transfer will be around 18% at that moment)

[sweetsimplicity64]

I decided to call MBNA today, before my 90 days were up, for the 1.99 BT. I tried to get a credit limit increase upon activation but was denied, however, today they increased it by 3000. That's 3000 more of my credit card debt that will not be paid at crazy interest rates!

I listened very carefully to the contract he was reading, It is 1.99 until the balance is paid off. I'm thrilled to say the least!

[The Master]

hey guys,

Im looking to apply in the next couple of days but I have a small concern.

I have about $5000 of debt in credit cards and more importantly around 9000 in OSAP...I want to combine both these debts and use the 1.99 option to pay it off.

However my concern is that MBNA will not pay my OSAP directly. OK so I'm thinking that I will ask my visa card company for a cash advance and pay my OSAP with that.

But however how will I know that I will get approved by MBNA for the loan? I don't want to get stuck with a 9000 extra debt on my visa card.
Anyone know what I could do? I have a really good credit rating and make above 30,000 a year...

[superwell]

hey guys,

Im looking to apply in the next couple of days but I have a small concern.

I have about $5000 of debt in credit cards and more importantly around 9000 in OSAP...I want to combine both these debts and use the 1.99 option to pay it off.

However my concern is that MBNA will not pay my OSAP directly. OK so I'm thinking that I will ask my visa card company for a cash advance and pay my OSAP with that.

But however how will I know that I will get approved by MBNA for the loan? I don't want to get stuck with a 9000 extra debt on my visa card.
Anyone know what I could do? I have a really good credit rating and make above 30,000 a year...

First off you if you read through the posts you will find out that MBNA wil not pay anything off for you, what they will do is give you a credit limit and then you can "withdrawl" that amount less the 1% balance transfer fee and you can do what you like with that money..including paying off osap.

[The Master]

First off you if you read through the posts you will find out that MBNA wil not pay anything off for you, what they will do is give you a credit limit and then you can "withdrawl" that amount less the 1% balance transfer fee and you can do what you like with that money..including paying off osap.

correct me if i'm wrong......

but my dad just applied online and he had to state which cards he wanted paid off....a week later they automatically paid it off for him in full, no questions asked.....


so that's why i asked my question...

btw ...when applying online through one of the OP's links, it says the 1.99 is available only for -1?

[st7860]

apply for the 1.99%, get the card, then write a huge check on it, or call for a balance transfer to your bank account and then use your bank account to pay off your student loan or whatever.

the 1 month means you have 30 days to do that transfer. after its done, its for life.

[iamdman]

correct me if i'm wrong......

but my dad just applied online and he had to state which cards he wanted paid off....a week later they automatically paid it off for him in full, no questions asked.....


so that's why i asked my question...

btw ...when applying online through one of the OP's links, it says the 1.99 is available only for -1?

Be careful because if after 1 year you still have not paid down the OSAP amount on your MBNA card then they will charge you crazy interest at 18+% for the entire length of time you had the card...

[The Master]

Be careful because if after 1 year you still have not paid down the OSAP amount on your MBNA card then they will charge you crazy interest at 18+% for the entire length of time you had the card...

i thought i get 1.99 for life to pay off any balance?


so the -1 means that I have a month to make a transfer...?

[70judge]

Stay away from PCF 0.97%
I got mine and was approved for $3500 (Over $70000 income) while MBNA gave me $10000.
When I called to transfer funds I was told that they can do only 50% of the full amount so just $1750.
Talking to a supervisor didn't solve anything so I just cancelled it right away.

EXACTLY same result for me.
Bunch of chiselers!

[shylok]

i thought i get 1.99 for life to pay off any balance?


so the -1 means that I have a month to make a transfer...?

I understand your question. You will be able to do what you're hoping to do. Once approved you will have two choices, you can wait until you get the Balance transfer cheques in the mail. At which point you can simply write a cheque to OSAP or to your account and pay via that. Or you can over the phone have MBNA do a wire transfer to your bank account, then pay your OSAP from that.

Now given the debt load you've stated you may not get a limit to cover your OSAP and other debts initially. Because of your income. So what you can do is once approved call for a limit increase. Advise the agent evaluating your credit limit increase request of your intent to consolidate debt. It may or may not be enough. If OSAP were payable via an account number similar to a bank account or a credit card account number mbna could likley pay it out that way they'd be more likely to extend you the requisite credit. Sadly I don't believe this is possible. Anyhow, give it a go. And don't be discouraged if they don't give you what you want from the initial request and get go.

If you don't get what you want in terms of a limit, pay your OSAP first. Then after a month or so. Having given your credit bureau enough time to reflect the lower OSAP balance. Re-request a credit limit increase and explain what you did with the funds. You'll likely get the limit increase to cover your total debt load.

Good luck and ask any questions you wish.

[pluto]

Just called (I think it was the 1.877.428.6060 #, can't remember now) and asked for 0% for 15 months I was told they could only offer 12. I went ahead with it anyway... I didn't bother giving them any code I just said I got an offer in the mail a few weeks ago. At first the guy asked if I had seen the offer online :) Not sure what saying yes to that would have resulted in?

I did this one under my wife's name, my own 15 month ends Sept. 1st so I just set up a payment from my LOC for the last week of August for the balance.

Can I apply for a new one under my own name before the first one is paid in full or is it better to wait?

I really can't understand how some people are lucking out with the 0% for 15 months with no code... oh well.

[The Master]

I understand your question. You will be able to do what you're hoping to do. Once approved you will have two choices, you can wait until you get the Balance transfer cheques in the mail. At which point you can simply write a cheque to OSAP or to your account and pay via that. Or you can over the phone have MBNA do a wire transfer to your bank account, then pay your OSAP from that.

Now given the debt load you've stated you may not get a limit to cover your OSAP and other debts initially. Because of your income. So what you can do is once approved call for a limit increase. Advise the agent evaluating your credit limit increase request of your intent to consolidate debt. It may or may not be enough. If OSAP were payable via an account number similar to a bank account or a credit card account number mbna could likley pay it out that way they'd be more likely to extend you the requisite credit. Sadly I don't believe this is possible. Anyhow, give it a go. And don't be discouraged if they don't give you what you want from the initial request and get go.

If you don't get what you want in terms of a limit, pay your OSAP first. Then after a month or so. Having given your credit bureau enough time to reflect the lower OSAP balance. Re-request a credit limit increase and explain what you did with the funds. You'll likely get the limit increase to cover your total debt load.

Good luck and ask any questions you wish.

TY for your advice!

So I applied and got approved for the 1.99 for life.
But I have one more question.

I've read through about 30 pages total including some from the other MBNA thread and got confused...

what are the minimum monthly payments? some people are saying it's interest plus $10 and others are saying it's the GREATER of the interest +$10 or 2.25% of the balance....

This is what I am assuming.....

the $10 plus interest monthly payment is only available for those people who got the 0% for 12-15 months

and then for those (like me) who got the 1.99% have to pay 2.25%....

Is this correct?

[shylok]

TY for your advice!

So I applied and got approved for the 1.99 for life.
But I have one more question.

I've read through about 30 pages total including some from the other MBNA thread and got confused...

what are the minimum monthly payments? some people are saying it's interest plus $10 and others are saying it's the GREATER of the interest +$10 or 2.25% of the balance....

This is what I am assuming.....

the $10 plus interest monthly payment is only available for those people who got the 0% for 12-15 months

and then for those (like me) who got the 1.99% have to pay 2.25%....

Is this correct?

Your assumption is correct from my understanding. Though I am unsure if the new 12mo offer also has a minimum payment of 10.00 which the 15mo had. It may very well be the case.

From all that I've read the CEAN 1.99 for life does have the more substantive minimum payment requirement. For obvious reasons.

Best of luck.

EDIT: just so you're aware. there's nothing stopping you from applying again for the 0% 12mo offer.
If approved asking MBNA to transfer the limit from your 1.99 over to the 0% card to combine the two and closing out your 1.99card. What I'd recommend doing is calling during banking hours. Ie 9-4 and speaking to someone in the Canadian Call center. Before going through with the app ask and ensure someone is available to provide you with an instant decision or limit increase. *The indian app center is useless for this from what I understand.
Then proceed with your app for the 0%code, once approved or disapproved whatever have them transfer you to the credit decision/limit increase dept. There, ask them to combine your new limit on your 0% with your 1.99% and close out 1.99%.

This way you've got a larger limit and at 0%. You gotta try a couple of the different numbers to get the canadian app center. Not sure which one it is, pretty easy to tell...

[nickctn]

TY for your advice!

So I applied and got approved for the 1.99 for life.
But I have one more question.

I've read through about 30 pages total including some from the other MBNA thread and got confused...

what are the minimum monthly payments? some people are saying it's interest plus $10 and others are saying it's the GREATER of the interest +$10 or 2.25% of the balance....

This is what I am assuming.....

the $10 plus interest monthly payment is only available for those people who got the 0% for 12-15 months

and then for those (like me) who got the 1.99% have to pay 2.25%....

Is this correct?

I have the 1.99% for life and my minimum monthly payment is 10$ + interest. That's it.

[shylok]

I have the 1.99% for life and my minimum monthly payment is 10$ + interest. That's it.

that's really quite good, glad to hear it. Especially since you're able to carry this for life. Say you borrowed 25k. Your monthly costs of borrowing would be 51.00 forever.

[The Master]

Your assumption is correct from my understanding. Though I am unsure if the new 12mo offer also has a minimum payment of 10.00 which the 15mo had. It may very well be the case.

From all that I've read the CEAN 1.99 for life does have the more substantive minimum payment requirement. For obvious reasons.

Best of luck.

EDIT: just so you're aware. there's nothing stopping you from applying again for the 0% 12mo offer.
If approved asking MBNA to transfer the limit from your 1.99 over to the 0% card to combine the two and closing out your 1.99card. What I'd recommend doing is calling during banking hours. Ie 9-4 and speaking to someone in the Canadian Call center. Before going through with the app ask and ensure someone is available to provide you with an instant decision or limit increase. *The indian app center is useless for this from what I understand.
Then proceed with your app for the 0%code, once approved or disapproved whatever have them transfer you to the credit decision/limit increase dept. There, ask them to combine your new limit on your 0% with your 1.99% and close out 1.99%.

This way you've got a larger limit and at 0%. You gotta try a couple of the different numbers to get the canadian app center. Not sure which one it is, pretty easy to tell...

Sounds interesting...however I think I am more interested in having a longer period of time to pay my debts off. The 0% is great but I'd only get 12-15 months to pay it off....

Maybe I should apply for the 0% then cancel the 1.99 like you said then when the 12-15 months expires reapply for the 1.99% for life....hmmmm I don't know if they would let me do that.....

I have the 1.99% for life and my minimum monthly payment is 10$ + interest. That's it.

Wow...if you don't mind me asking, how did you manage to get that? when did you apply? have you been with them for a long time?


keep in mind I haven't even received a statement yet so I am assuming that I will have to pay 2.25% but I would love the $10 plus interest.

[starchoice]

$10 + interest is available to everybody. That is their mimimum payment per the cardholder agreement.

[sweetiegyal]

tried the 1.99% for life link a few days ago and it either didn't work or had 1.99% for one month but logging back in today it shows 1.99% introductory rate for first 90 days for balance transfers but doesn't say how long this rate will last for....does anyone know if it will last for life of the balance?

[chucktailor]

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

[sweetiegyal]

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

Oh I just noticed until "balances are paid in full"

Thank you chuck! I'm going to apply now since the link is up and working again

[deepakarora79]

One of my friend received new code today valid on 0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

Validity - Aug 31, 2009

Not sure what is the site/telephone to apply it. I'll ask my friend again tomorrow.

[The Master]

$10 + interest is available to everybody. That is their mimimum payment per the cardholder agreement.

I don't understand how this is available for everyone? I applied for the same card and I looked into my dad's agreement papers and it clearly says 2.25%.....

[shylok]

One of my friend received new code today valid on 0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

Validity - Aug 31, 2009

Not sure what is the site/telephone to apply it. I'll ask my friend again tomorrow.

Ty.

[Byrns]

I just called MBNA 1-877-428-6060 and asked for the "15 month 0% interest balance transfer card" and she said no problem, and offered me the platinum Mastercard. So this offer is currently available.

[starchoice]

I don't understand how this is available for everyone? I applied for the same card and I looked into my dad's agreement papers and it clearly says 2.25%.....

I don't know what you are reading but the minimum monthly payment is $10 plus interest. Either they sent you the wrong agreement or you have a different card/offer. From reading all the posts on this and other threads, you are the first to suggest that the 1.99% for life has a different minimum payment.

[jmc0]

One of my friend received new code today valid on 0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

Validity - Aug 31, 2009

Not sure what is the site/telephone to apply it. I'll ask my friend again tomorrow.
Super, you can now apply via the web, no more phone tags and retries.
0% Introductory AIR for the first fifteen statement Closing Dates following the opening of your Account for Balance Transfers (including Cheque Cash Advances) (each, an "Eligible Transaction"),if an Eligible Transaction posts to your Account within 120 days of your Account opening.

[mykalberta]

I just called MBNA 1-877-428-6060 and asked for the "15 month 0% interest balance transfer card" and she said no problem, and offered me the platinum Mastercard. So this offer is currently available.

I called and asked for the above. They asked for the PIN code or WEBCODE.

The webcode CGVA was accepted - just mention you got the offer mailed to you.

[willyxjai]

One of my friend received new code today valid on 0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

Validity - Aug 31, 2009

Not sure what is the site/telephone to apply it. I'll ask my friend again tomorrow.

Thank you!!:)

[krausj]

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cgva&lc=en_CA

[krausj]

my last link was for the 0% for 15 months
this link is for 1.99% for life
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[patrob]

https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cgva&lc=en_CA

So this is the link to MBNA 0% for 15 months offer :D
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cgva&lc=en_CA

Much better than having to call them, thanks for posting :) I will have to apply again & transfer my recently paid off credit limit again :twisted:

[onzon]

Anyone has successfully renewed the 0% AIR from citi?
I had paid off my first offer, thinking about a 2nd attempt.
Anyone? thanks.

[boyoflondon]

Anyone has successfully renewed the 0% AIR from citi?
I had paid off my first offer, thinking about a 2nd attempt.
Anyone? thanks.

I dont think that there is any existing 0% offers ... and they will not let you "re-new" your old offer.

[angel_wing0]

I dont think that there is any existing 0% offers ... and they will not let you "re-new" your old offer.

well the citi link on the op is still working...thou if they approve u or not is another story. I dont think they let u do a 2nd application for the same card again, but hey never hurts trying.

[angel_wing0]

I called and asked for the above. They asked for the PIN code or WEBCODE.

The webcode CGVA was accepted - just mention you got the offer mailed to you.

NICE! ggreat to see the 0% for 15 months i sstill there!

[Crowbarfoot]

Thanks OP for the Thread and the everyone else adding their comments.

We got our 1.99% card today. BT'ed a large amount. Going to save about 60 bucks a month in interest and that's debt already on a low interest rate LOC.

Woot.

Took about 2 months for the card to arrive though! Was a huge surprise to see it.

:cheesygri:cheesygri

[dstylez]

How long did it take to receive the cards once approved?

[LetsGo]

Is it easy to make a BT from an LOC? I'm applying for the 15 month 0% card and it wants to know how many cards I want to make the transfer from. I don't have a credit card balance, but want to transfer some money from a LOC.

Sorry if this is obvious, but I've not done this before.

Thanks

[dstylez]

Is it easy to make a BT from an LOC? I'm applying for the 15 month 0% card and it wants to know how many cards I want to make the transfer from. I don't have a credit card balance, but want to transfer some money from a LOC.

Sorry if this is obvious, but I've not done this before.

Thanks

I had the same question. When I asked MBNA, they said to use the cash advance cheques (still give you 0%) and transfer money to pay to your LOC.

[st7860]

just tell MBNA to transfer the money into your bank account then from there you can pay it to whichever credit card or line of credit you want.

[LetsGo]

Thank you dstylez and st7860. I'll give it a go.

[TripleHelix]

Ok, I have a question but not sure you guys can answer :P

I have a Platinum Avion Visa with a 6k limit on there. Would me having this credit limit on that card affect the amount I would be able to get on the 1.99% card.

Reason I ask is because I have alot of school debt (25k plus) spread out across OSAP (6k), RBC LOC (7k) and another loan (15k). It would be nice to consolidate all that on this card (which I doubt I would be able to do since they wont give me that much). I would have to be able to get a nice chunk of it on the 1.99 card for me to pull the trigger.

Also, I make 50k/yr and soon that will be ~63k.

I am guessing I would get more answer by calling them but I dont want to go through all that crap if someone can give me an informed opinion.

Thanks for the help if you are able to provide some.

[Byrns]

Ok, I have a question but not sure you guys can answer :P

I have a Platinum Avion Visa with a 6k limit on there. Would me having this credit limit on that card affect the amount I would be able to get on the 1.99% card.

Reason I ask is because I have alot of school debt (25k plus) spread out across OSAP (6k), RBC LOC (7k) and another loan (15k). It would be nice to consolidate all that on this card (which I doubt I would be able to do since they wont give me that much). I would have to be able to get a nice chunk of it on the 1.99 card for me to pull the trigger.

Also, I make 50k/yr and soon that will be ~63k.

I am guessing I would get more answer by calling them but I dont want to go through all that crap if someone can give me an informed opinion.

Thanks for the help if you are able to provide some.

Yes

[Quant]

Anyone having success getting the BT fee reduced from 1%? I tried calling last night and they said it was not negotiable.

[dracore]

Anyone having success getting the BT fee reduced from 1%. I tried calling last night and they said it was not negotiable.

No one has been able to get the fee reduced for a long time. I'm surprised people are still trying...

[starchoice]

Anyone having success getting the BT fee reduced from 1%? I tried calling last night and they said it was not negotiable.

Everything is negotiable! This is the first thing you learn in any course on negotiations.

I had my BT fee waived but I am a skilled negotiator. I don't mean to brag. This is only to say that it can be done but your average person will likely not have success.

[Hugh Jass]

I don't mean to brag.

Just comes naturally........

I tried with the 1.99% for life but the CSR said they are not allowing it for this one, as it's a very low rate that will be discontinued soon. I was happy enough to get that low rate and didn't see how I could argue the point.

How did you manage it?

[krausj]

I asked for a discount on my balance transfer and they gave me a 50% discount...it depends how you ask, I guess

[blah]

I asked for a discount on my balance transfer and they gave me a 50% discount...it depends how you ask, I guess

I guess you really lucked out, since my CSR said (as was stated in previous posts) that they have no leeway to adjust the fee on this promotion.

[starchoice]

I received an offer in the mail over the past couple of months on my MBNA Premier Rewards card which offered 1.99% with no BT fee. Granted, this was not for the life of the balance but shows that they even offer "no fee" to get business. It's all negotiation.

I'm sure others must have received this offer as well.

[Psubs]

I was offered on the phone 0.99 % + 1% transfer fee until next April. I said that I would pass if they couldn't waive the fee. Then I got offered 0.99% + 0.5% transfer fee until December. I passed on that as well. :|

[dave009]

I've read about 50 or so pages of this thread, and couldn't find the answer.. so I'm going to try here...

Can you write out the entire limit on one of the balance transfer cheques, or do you have to subtract out the 1% balance transfer fee?

I'm just asking because I'm aware of the implications of going over the credit limit and I don't want to default on the promotional rate.

Also, Since RFD has been so good to me (my friend thinks that I run a retail store in my room with so many unopened items!! :cheesygri) I'd like to share a new code I received in the mail:

CGVI - MBNA 0% for 15 months, valid for applications till August 15, 2009.

Enjoy! But remember, borrow responsibly and be disciplined with your payments!

[shylok]

I've read about 50 or so pages of this thread, and couldn't find the answer.. so I'm going to try here...

Can you write out the entire limit on one of the balance transfer cheques, or do you have to subtract out the 1% balance transfer fee?

I'm just asking because I'm aware of the implications of going over the credit limit and I don't want to default on the promotional rate.

Also, Since RFD has been so good to me (my friend thinks that I run a retail store in my room with so many unopened items!! :cheesygri) I'd like to share a new code I received in the mail:

CGVI - MBNA 0% for 15 months, valid for applications till August 15, 2009.

Enjoy! But remember, borrow responsibly and be disciplined with your payments!

Entire limit minus your transfer fee. They'll tell you that on the phone if you do it that way. Thanks for the code.

Keep in mind if you're realistically not going to be able to repay your borrowed amount within the 15months you're better off in most cases getting the 1.99% for life. If you're borrowing the money to simply make money off of it etc etc then by all means take advantage of the 0%.

cheers.

[Sensforever]

the minimum monthly payment is $10 plus interest.

Apparently after June 30th any new applications have a different minimum payment calculation. Existing cards will remain the same at fees+interest+10.00 but new cards will be interest + 1% of the balance before interest. Get your new applications in this week to keep the old payment schedule!

[shylok]

Apparently after June 30th any new applications have a different minimum payment calculation. Existing cards will remain the same at fees+interest+10.00 but new cards will be interest + 1% of the balance before interest. Get your new applications in this week to keep the old payment schedule!

This is for the 1.99% I presume? Are you sure about this? This is somewhat worrisome for me. Did you hear this from a rep? Thanks

[The Master]

hey guys.....got my card in the mail today for the 1.99 for life (week after I applied)....called to activate it and verified that the monthly payment is interest plus 10 dollars....


thx OP!!

[NCR-Manchester]

Applied online last Thursday, got the card in the mail today. That's 1.99% for life of the balance. Going to call them on Monday to increase the limit (since it is loan consolidation, not additional credit). Thanks OP! This card will help me a lot this upcoming school year! :)

[dookeran_3]

so does this mean that 1.99% for the life of the balance transfer is back?

[angel_wing0]

CGVI - MBNA 0% for 15 months, valid for applications till August 15, 2009.

I believe i got the same mail toady...pretty sure u can use the code after august 15th :D

[Octavius]

Just applied, was approved for the limit of my CC that I applied for like 4 months ago.

Transferred 4500 from my 7500 card over.

$4,500 @ 0% interest for 15 months is better than nothing :)

Thanks!

[mcceng]

CGVI - MBNA 0% for 15 months, valid for applications till August 15, 2009.

Enjoy! But remember, borrow responsibly and be disciplined with your payments!

Great to hear another 0% promo is available. Thanks Dave009.

Just applied, was approved for the limit of my CC that I applied for like 4 months ago.

Transferred 4500 from my 7500 card over.

$4,500 @ 0% interest for 15 months is better than nothing :)

Thanks!
Did you use the CGVI code?

[brutus99]

Has anyone applied for the expired CITI 0% offer after April & got approved :?:
https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

Any new links to CITI 0% offer :D

[Octavius]

Great to hear another 0% promo is available. Thanks Dave009.


Did you use the CGVI code?

0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

[mcceng]

0% for 15 months:
Webcode - cgva
telcode - 16644801cgva

ty.

[Octavius]

ty.

No problem.

Guy on the phone said I need to wait for my CC before I can do a BT to my bank account - is this true? Can I do it any earlier?

[shylok]

No problem.

Guy on the phone said I need to wait for my CC before I can do a BT to my bank account - is this true? Can I do it any earlier?

They say the terms need to have been mailed/infront of you to do so... shrugs.

[shylok]

Just applied, was approved for the limit of my CC that I applied for like 4 months ago.

Transferred 4500 from my 7500 card over.

$4,500 @ 0% interest for 15 months is better than nothing :)

Thanks!

was this via phone or internet? Calling and giving the CEAN code seems to get you to indian. then you are redirected to some other call center where they only have documentation and etc in french...

[240sxer]

0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

Best phone # to call?
Any upfront balance transfer fees?

[SHAWNESSY]

Best phone # to call?
Any upfront balance transfer fees?

1-888-877-6262

1% service charge.

[john29]

I tried applying for the 1.99% MBNA MC, but when I called and gave the code CEAN, they said it is no longer being offered. Is there a replacement for this?

[RandyOhhh]

I just applied online with promo code CEAN and it appeared to have worked... I was the 1.99% AIR but I fear I won't get offered a large amount since I don't have much CC debt. I was intending on putting some $$$ on my mortgage.

I have a couple questions...

I assume once I get approved and I can then call and get the amount increased by suggesting that I am planning a big purchase?

What's the best way to make a transfer to my mortgage?

Thx.

[blah]

What's the best way to make a transfer to my mortgage?

Thx.

MBNA can transfer the funds directly to your bank account, it need not be a balance transfer.

[Whygee]

I'm currently debating the PC Mastercard at 0,97% (12 mths) and the MBNA at 0% (15 mths) and I was wondering if someone could give me more details.

MBNA seems to be a better deal, but there's the 1% transfer fee and, if I understand properly, it's a basic card with no rewards. On the other hand, I can get points with the PC card (plus PayPass which is more convenient). Is there a similar transfer fee with the PC card? Does the special rate also apply to cash advances?

is there a difference in the minimum monthly payments for the 2 cards?

On the PC's site, they say that the promotion on transfers expire on July 16th. If I apply today, does it leave enough time to receive the card?

Sorry for all the questions ;-)

[angel_wing0]

No problem.

Guy on the phone said I need to wait for my CC before I can do a BT to my bank account - is this true? Can I do it any earlier?

yes u will need your card activated first.

[Zaptor99]

0% for 15 months:
Webcode - CGVA
Telcode - 16644801CGVA

How do you use the webcode CGVA online? Is there a link to apply online?
Thanks.

[krausj]

This is the link for the 1.99%


The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.



https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[tasamy]

0% again!
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=CGVA&lc=en_CA

[roger12]

There is 1% transaction fees. Anyway to get around it?

0% again!
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=CGVA&lc=en_CA

[tasamy]

There is 1% transaction fees. Anyway to get around it?

The 1% should be already known! .5% were told previously but it seems they stopped to do it!

[angel_wing0]

There is 1% transaction fees. Anyway to get around it?

no...unless u have been with them like a long time. Putting it to 0.5% is already very hard, never mind waiving it.

[ottofly]

Everything is negotiable! This is the first thing you learn in any course on negotiations.

I had my BT fee waived but I am a skilled negotiator. I don't mean to brag. This is only to say that it can be done but your average person will likely not have success.

I call bullsh*t on this one unless its a 2.99% or up card or unless it was done many weeks ago.

There is no room on the 1.99% cards. I just got off the phone with a CSR and then a supervisor, spent almost 20 minutes, to no avail, despite the fact I've been with them for 9 years and was willing to transfer on the spot. I even told them I would shop around with PC and Citi and the supervisor was unfazed and kept apologizing.

In a nutshell, the best I could do was to get the BT fee totally waved, which considering they were not willing to budge isn't too bad, BUT only if they raised the interest rate to 2.99%. One a $10-20,000 transfer this doesn't make financial sense. Still better off with the BT and 1.99%.

[Hugh Jass]

My wife applied for the 1.99% and we heard nothing back for about a month. So I told her to call and ask what's going on.

When she called they told her that a letter was on the way explaining why she was declined. The CSR wasn't able to tell her what the letter said but offered her 2.99% for 12 months. She said no.

Two days later the letter arrived and was quite detailed. It said that because she already had the 0% for 15 months ( just paid off vtw), she had enough credit from MBNA.

It then gave her three choices:

1/ Close existing account and transfer credit limit to the Mastercard account you requested

2/ Transfer a portion of the credit from the other account to the Mastercard account you requested

3/ Forget about the new card and continue to enjoy the existing card.

It then said that if she chooses 1/ or 2/ to call the 1888 number.

So after instruction from me, she calls today and they tell her that they can only offer her 1.99% for 10 months, to which she said no thanks.

When she told me this I wasn't too happy and I intend to get her to call again, with a more forceful tone and with me beside her, emphasizing the fact that the letter said she could still get the card.

I have found MBNA to be very good and helpful when I have called them about their screwups. I think if handled correctly, she could still get the 1.99% for life card.

Has this happened to anyone else?

[starchoice]

I call bullsh*t on this one unless its a 2.99% or up card or unless it was done many weeks ago.

There is no room on the 1.99% cards. I just got off the phone with a CSR and then a supervisor, spent almost 20 minutes, to no avail, despite the fact I've been with them for 9 years and was willing to transfer on the spot. I even told them I would shop around with PC and Citi and the supervisor was unfazed and kept apologizing.

In a nutshell, the best I could do was to get the BT fee totally waved, which considering they were not willing to budge isn't too bad, BUT only if they raised the interest rate to 2.99%. One a $10-20,000 transfer this doesn't make financial sense. Still better off with the BT and 1.99%.

Mine was done in mid-May. Technically, the fee is not waived. It is charged and then credited back as an adjustment.

[canabiz]

I'm currently debating the PC Mastercard at 0,97% (12 mths) and the MBNA at 0% (15 mths) and I was wondering if someone could give me more details.

MBNA seems to be a better deal, but there's the 1% transfer fee and, if I understand properly, it's a basic card with no rewards. On the other hand, I can get points with the PC card (plus PayPass which is more convenient). Is there a similar transfer fee with the PC card? Does the special rate also apply to cash advances?

is there a difference in the minimum monthly payments for the 2 cards?

On the PC's site, they say that the promotion on transfers expire on July 16th. If I apply today, does it leave enough time to receive the card?

Sorry for all the questions ;-)

If you want to get the 0% balance transfer promo, having a card with rewards points or not is irrelevant because you don't want to use that card for any purchases while you are enjoying the promo...now if you plan to use that card for day-to-day usage after the promo is done then that's another issue altogether.

[alexei]

I applied for the 0% for 15months thing about 2 weeks ago and havent recieved anything yet.

How long does it usually take to get the card in the mail?

Thanks

[lukster]

Can I make a small suggestion to maximize the savings?

open a high interest/tax free savings account with your bank
apply for the MBNA card below
transfer over as much debt as you *KNOW* you can pay off in 15 months
make the minimum monthly payments to the MBNA card while transferring the remainder of what you need to pay off the card in time to the savings account.
At 13-14 months empty out the savings account to pay off the remainder of the card
Cut the card into a million pieces and never touch it again =)

so, for example, on a $5000 loan If I pay $360 a month the debt will be paid off in 14 months. Minimum payment no $5000 will be about $20. so:
$20 goes into paying off the minimum payment.
$340 goes into the high savings account

[RiCHC3]

So if you apply online for the 0% card I assume you have to call them to do a balance transfer into a -bank- account, correct?

I see you can BT towards a credit card online, but nothing else.

[dieyoudie]

any new link for citibank?

[CanadaRAM]

Can I make a small suggestion to maximize the savings?

open a high interest/tax free savings account with your bank
apply for the MBNA card below
transfer over as much debt as you *KNOW* you can pay off in 15 months
make the minimum monthly payments to the MBNA card while transferring the remainder of what you need to pay off the card in time to the savings account.
At 13-14 months empty out the savings account to pay off the remainder of the card
Cut the card into a million pieces and never touch it again =)

so, for example, on a $5000 loan If I pay $360 a month the debt will be paid off in 14 months. Minimum payment no $5000 will be about $20. so:
$20 goes into paying off the minimum payment.
$340 goes into the high savings account
Don't forget, you are paying a 1% fee up front for the balance transfer or cheque, so that is an effective interest rate on the money.

Otherwise, transferring high interest debt to the 0% card is certainly the name of the game here.

The payment regimen is a form of forced savings plan, and is a good technique at any time, as long as you have the discipline to follow it.

[inntents]

Has anyone applied for the expired CITI 0% offer after April & got approved :?:
https://www.citibank.com/canada/cards/apps/citi/intro.jsp?access_code=V8G

Any new links to CITI 0% offer :D

I applied online in June with that link and was sent the card within 3 weeks. Received a limit of $5000, which isn't great. I already had a Platinum Citi card (15K limit) which just recently had its rate raised from a longtime level of 9.9% up to 14.9% and which I'd immediately paid off after they told me on the phone that there was nothing they could do about that outrageous and unwarranted (in my case) hike.

Once I received the Gold card, I called and had 14K of my Platinum limit transferred to the Gold card, and did a balance transfer of 18.7K, with a 1% BT fee. My Platinum card is one of my older accounts (1995), so I didn't want to close it outright, even though I won't ever carry a balance on it again.

Just received BT cheques in the mail yesterday for the new Gold account, but reading through the fine print on the back, it cites a 3% fee on any balance transfers using the cheques :-0 Nice try, Citi.........:mad:

[angel_wing0]

any new link for citibank?

the one in the op still works right...

[dinesh_zee]

the one in the op still works right...

i applied for citi 0% using OP's link and received the card. But, even after a month they don't have any info about 0% offer in my account. They asked me send a copy of the promo page, but OP's link says "Save money on purchases you've already made. Transfer higher interest-rate card balances to our low annual interest rate of 0% until April 2009." Since the date is already passed in the op's link, they can't do anything about it. Instead they offered some other crappy offer. waste of everything....

[furtado_4real]

I just paid off the balance I had on the 15 month 1.99% recently, so today I called to get the 1.99% for life card. I was told they no longer have it (called back a couple of times and got that from a couple different people). One even mentioned RedFlag and said the link (although working) will not get you the 1.99% for life, and someone from the board called to complain because they ended up with a Starwood? Not sure what that is, but she said it's not at all a good one. So anyways, I was offered 1.99% again until Sept 2010, which really is not that great because the current 1.99% offer I just paid off, well I paid it off early - the actual date I had the 1.99% was up to March or April of 2010. But she did say if I did a transfer right now she would waive the 1% BT fee. I know some may call BS on this - but I am not BS'n, I didn't take the deal anyways nor am I claiming it was because of my super negotiating skills, I would say it was because that she almost sounded almost desperate and hungry (like if I did it with her she would get a nice commission or something) but alas, I kind of had my heart set on the 1.99% for life.

I am upset :( wonder if the 1.99 for life will come back.

P.S - She also said that people on the forum may think they got the 1.99 for life, but to check or call in, and they would see it is not. Please don't get mad at me, and reply with "you're wrong" if you don't agree with what is written here, take it up with them, not me, I am just passing on what she told me. If someone does have the 1.99 for life, and just got it recently (like within a couple weeks) would love to hear from you.

[super_mario]

If someone does have the 1.99 for life, and just got it recently (like within a couple weeks) would love to hear from you.

So would I!!

[mech9t5]

i'm on a 0% promo from last year (Expiring at the end of Sept). Any chance I can get the new 0% promo?

I remember reading that people where able to "renew" by paying off the current one and applying for the new one last time around.

[starchoice]

One even mentioned RedFlag and said the link (although working) will not get you the 1.99% for life
I am upset :( wonder if the 1.99 for life will come back.

P.S - She also said that people on the forum may think they got the 1.99 for life, but to check or call in, and they would see it is not.

I am not disputing what you say but I think a lot of these MBNA people are misinformed and actually think it is their personal money they are lending.

If they don't want to give the offer, they can remove the link or change it. Just print it off including the T&C and they have to give it to you (as long as your approved).

It's pretty clear on the the documents sent with the card what the T&C are and I wouldn't waste my time talking to them becuse I had one MBNA rep trying to dispute the terms of a written offer sent to me and that I had right in front of me. What I have in writing will override anything they say no matter how much they believe it or try to get me to believe it.

[ottofly]

I just paid off the balance I had on the 15 month 1.99% recently, so today I called to get the 1.99% for life card. I was told they no longer have it (called back a couple of times and got that from a couple different people). One even mentioned RedFlag and said the link (although working) will not get you the 1.99% for life, and someone from the board called to complain because they ended up with a Starwood? Not sure what that is, but she said it's not at all a good one. So anyways, I was offered 1.99% again until Sept 2010, which really is not that great because the current 1.99% offer I just paid off, well I paid it off early - the actual date I had the 1.99% was up to March or April of 2010. But she did say if I did a transfer right now she would waive the 1% BT fee. I know some may call BS on this - but I am not BS'n, I didn't take the deal anyways nor am I claiming it was because of my super negotiating skills, I would say it was because that she almost sounded almost desperat hungry (like if I did it with her she would get a nice commission or something) but alas, I kind of had my heart set on the 1.99% for life.

I am upset :( wonder if the 1.99 for life will come back.

P.S - She also said that people on the forum may think they got the 1.99 for life, but to check or call in, and they would see it is not. Please don't get mad at me, and reply with "you're wrong" if you don't agree with what is written here, take it up with them, not me, I am just passing on what she told me. If someone does have the 1.99 for life, and just got it recently (like within a couple weeks) would love to hear from you.


Yes, in this instance I won't call BS on this one LOL. I also managed to get a supervisor to waive the fee completely IF I took 1.99% for 12 months instead of life OR took 2.99% for life. Obviously I did neither. I can confirm that I was also told the 1.99% was no longer being offered but I didn't believe the supervisor. I guess he wasn't kidding. It has now been upped to 2.99%.

[llcooljayce]

i'm on a 0% promo from last year (Expiring at the end of Sept). Any chance I can get the new 0% promo?

I remember reading that people where able to "renew" by paying off the current one and applying for the new one last time around.

Just got mine completed. Just had to pay off my existing balance and then requalify for a new app.

[st7860]

1.99% for life. no annual fee, but a transfer fee of 1% applies.
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

[McPaul]

an odd thing that happened.

I applied last year for my 2nd 0% card in July 2008.

I'm 99% positive I only got 12 months and not 15, so my promotion SHOULD end in July.

so today I call in to verify this and they tell me the promotion ends in September.

I hung up

called back 15 mins later and got someone new

they confirmed September.

They spent some time trying to hard sell me on the protection. and while doing this, they mentioned I have a different account number. apparently I called in October for something, and at that time I must have mentioned that I didn't actually have the card (which is somewhat true, as I cut it up) so they must have reissued me a new one.


Could the issue that they reissued my card in October have meant that my balance transfer promotion was extended to September??

[maisonneuve911]

i completed my application(0% for 15 mth) by phone this monday, and i just called MBNA today to check the status of my application, the rep. said there is nothing under my name, it usually takes 1 to 2 weeks to process a file. is it true or just BS? should i call them next monday to comfire my application or just apply it again online?

Thank you!

[shylok]

i completed my application(0% for 15 mth) by phone this monday, and i just called MBNA today to check the status of my application, the rep. said there is nothing under my name, it usually takes 1 to 2 weeks to process a file. is it true or just BS? should i call them next monday to comfire my application or just apply it again online?

Thank you!

Sadly you called a third party application center, they take longer. If you'd called MBNA itself the process is shorter with an instant decision. I learned the hard way.

[maisonneuve911]

the number i called was 1-877-428-6060, the same number at the mbna website, i didn't know it is third party application centre number, so what should i do if i want to be approved ASAP.
thank you

[shylok]

the number i called was 1-877-428-6060, the same number at the mbna website, i didn't know it is third party application centre number, so what should i do if i want to be approved ASAP.
thank you

I know. its ********. You can call 888-876-6262 and just press *,#,0 a bunch of times until you get to the regular menu where you press 2 to check the status of an application. Speak to the agents who'll tell you they have no record and then ask to process another application.

THING IS. To process another app you're going to be doing another credit inquiry on your bureau, not the end of the world but just a FYI also you'll likely still get approved for that other card and one of these two will be cancelled...

or.. you can just sit on your hands and wait.. and wonder.. and wonder.. and eventually you'll get your answer.

[maisonneuve911]

thank you-----shylok!!!

[shylok]

thank you-----shylok!!!

If I recall correctly that third party application center will call you to confirm the application details. So maybe just apply at the other number and when the center calls just tell them not to process. Since they call to confirm your permission to process the credit inquiry. It's all very strange I must admit.

[patrob]

Looks like 0% CITI offer for 12 mths. is totally dead now...any new links for CITI card :?: :D

[alexei]

so how long does it take to the card approved? I applied for the 0% for 15 months 3 weeks ago and still nothing

[evilution]

so how long does it take to the card approved? I applied for the 0% for 15 months 3 weeks ago and still nothing

call them and check on your status.
They'll look at your credit report immediately and tell you if you're approved or not.
If approved, you'll get it in like 5 days.

[alexei]

if it wasnt approved would they send a letter to let me know at least?

how long does this usually take??

[angel_wing0]

Looks like 0% CITI offer for 12 mths. is totally dead now...any new links for CITI card :?: :D

oh damn that sucks..but expected just sooner or later...

OP please update.

[canabiz]

Looks like 0% CITI offer for 12 mths. is totally dead now...any new links for CITI card :?: :D

There is one here but seems like it's for U.S. residents patrob

http://creditcards.citicards.com/usc/value/platinum/mc/0509pricing/default.htm?ProspectID=F3D4BA46297643FAB9176C14688 B7875&_u=visitor&usertype=All%2Busers&promotion=Rate&sc=4T3Z1YM9&m=4TNBMDD660W&B=M&product=Platinum%2BSelect%2BCard&siteId=CB&t=t&lid=ILC-2070402&uc=3CM&publisher=CBOL&placement=B1&app=UNSOL&langId=EN&bli=null&screenID=3000&cmp=ILC-2070402&venue=Citibank.com&adtype=Rich%2BMedia%2B-%2BFlash

It was good while it lasted. We (I and my wife) did 1 round with CitiBank and it was a smooth and painless process.

[squinty]

1.99% for life. no annual fee, but a transfer fee of 1% applies.
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=cean&lc=en_CA

I was reading through the terms and conditions and can't/didn't find a concrete statement about the 1.99% being for life.

Could someone tell me where to find it on the application or on the terms and conditions?

[Salinger]

I was reading through the terms and conditions and can't/didn't find a concrete statement about the 1.99% being for life.

Could someone tell me where to find it on the application or on the terms and conditions?

First sentence.

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full.

[krausj]

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full. The Introductory AIR will end sooner if your payment is late or if the Account balance is over the credit limit.

[angel_wing0]

There is one here but seems like it's for U.S. residents patrob

http://creditcards.citicards.com/usc/value/platinum/mc/0509pricing/default.htm?ProspectID=F3D4BA46297643FAB9176C14688 B7875&_u=visitor&usertype=All%2Busers&promotion=Rate&sc=4T3Z1YM9&m=4TNBMDD660W&B=M&product=Platinum%2BSelect%2BCard&siteId=CB&t=t&lid=ILC-2070402&uc=3CM&publisher=CBOL&placement=B1&app=UNSOL&langId=EN&bli=null&screenID=3000&cmp=ILC-2070402&venue=Citibank.com&adtype=Rich%2BMedia%2B-%2BFlash

It was good while it lasted. We (I and my wife) did 1 round with CitiBank and it was a smooth and painless process.

then its no use for cdn ppl...

[max88]

There is one here but seems like it's for U.S. residents patrob

http://creditcards.citicards.com/usc/value/platinum/mc/0509pricing/default.htm?ProspectID=F3D4BA46297643FAB9176C14688 B7875&_u=visitor&usertype=All%2Busers&promotion=Rate&sc=4T3Z1YM9&m=4TNBMDD660W&B=M&product=Platinum%2BSelect%2BCard&siteId=CB&t=t&lid=ILC-2070402&uc=3CM&publisher=CBOL&placement=B1&app=UNSOL&langId=EN&bli=null&screenID=3000&cmp=ILC-2070402&venue=Citibank.com&adtype=Rich%2BMedia%2B-%2BFlash

It was good while it lasted. We (I and my wife) did 1 round with CitiBank and it was a smooth and painless process.

My 2nd round with Citi ended in late April 2009. I am in the process of starting the 3rd round but it has been bumpy.
- applied while 2nd card account was still open (though paid off) - BAD.
- closed 2nd card account, transferred credit limit to platinum enrich.
- applied within 30 days of first application - BAD.
- called to follow up
- called to follow up 2nd time
- called to follow up 3rd time
Now I have the new card, however, the promo is not yet posted on the account. Was told to follow up on Jul 15th. Will see.

[squinty]

First sentence.

The Introductory AIR of 1.99% for Balance Transfers (including Cheque Cash Advances), (each, an "Eligible Transaction"), will apply to Eligible Transactions posting to your Account within 90 days of your Account opening until such Eligible Transaction balances are paid in full.

Thanks a lot salinger and krausj, my brain apparently took a brief holiday while i was reading the terms.

I see that lots of people are calling in instead of applying directly online, is there a reason why people are applying by phone instead of online?

[macalin]

Was anyone able to get the TD Bank Gold Select Visa with no annual fee? If so, how?

[RandyOhhh]

So 1.9% for life is dead now?

[super_mario]

It looks like it. Actually it looks like all the MBNA promotions from the first page have ended.

[Yelo]

WHAT?!?! and the CITI 0% has been reported dead as well?? So no more 0% card?? :evil::evil::evil:

[angel_wing0]

WHAT?!?! and the CITI 0% has been reported dead as well??

So no more 0% card?? :evil::evil::evil:

thats right...

well if u can find the new code...pretty sure its out there somewhere :D

[shylok]

From what I understand the 1.99% is still available but has just changed its terms. As reported previously it was to change its minimum payment requirements from 10.00 + interest to 1% of balance+interest. Perhaps they've simply changed the code. Call in and ask. I don't believe the offer has been pulled completely.

[angel_wing0]

It looks like it.

Actually it looks like all the MBNA promotions from the first page have ended.

indeed. You can always call and u might get lucky and get the promo thru a rep...

The op really needs to update the first post...

[gazoo10]

I called in about a month ago and received a call two days ago stating that since i have 3 MBNA cards (22,000) they cannot give me the 1.99% for life card. I asked if i pay off the three cards can i have the balance ($22,500) applied to the new 1.99% card. They informed me that if they were paid off and cancelled (3 cards) then yes i would receive the 1.99% card with a credit limit of $22,500.

Paid the cards off waited two days and phoned this morning and now have the 1.99% card for life with a credit limit of $22,500. Can't wait to receive it and withdraw all funds exempt the 1% fee.

[kin0kin]

so 1.99 is still possible? must you clear off the balance before you can get the new rate?

[wmahmud]

wonder if I could get $45,000 for a car.... at 1.99%

[Delerium777]

Since there is two threads on the same card..I'm copying my post here as well...(maybe both the threads should be merged?)

I called 1-888-876-6262 and pressed a bunch of random buttons until I got transferred to a call rep. She then transferred me to "an applications expert" who entered my application for the 1.99% b/t card for life (with code #CEAN). Absolutely no issues so far and I even confirmed that the min payment is $10 + interest. I also confirmed that I had been transferred to Ottawa and not a random call center half way across the planet.

Hope this helps anyone still trying to obtain this card!

[Mei Yee]

wonder if I could get $45,000 for a car.... at 1.99%

Ha ha - SURE!!! I hope you get it!:lol:

[lor74]

I am on my 2nd 0% card. It expires in Oct, so I wanted to get a 3rd before the offer ends. I filled out the online form a couple of weeks ago and just received a letter in the mail that it was denied because they feel I already have enough credit with them.....but they gave me the option to cancel the current card and move the credit limit to the new card that I applied for. I called and have set the wheels in motion. While on the phone, I asked if the current card can be extended instead of cancelled - the rep said that the best she could do is offer me .99% instead of 0.

[canabiz]

I am on my 2nd 0% card. It expires in Oct, so I wanted to get a 3rd before the offer ends. I filled out the online form a couple of weeks ago and just received a letter in the mail that it was denied because they feel I already have enough credit with them.....but they gave me the option to cancel the current card and move the credit limit to the new card that I applied for. I called and have set the wheels in motion. While on the phone, I asked if the current card can be extended instead of cancelled - the rep said that the best she could do is offer me .99% instead of 0.

I believe that's the correct route to take lor. I personally don't see the need to keep these MBNA cards lying around after the promo is over...your credit score won't take a hit if you cancel them because they are only 1 or at the most year and a half old anyway.

The preferredl scenario is to cancel the card when your promo is over, apply for a new one and roll the credit over (if you need to borrow a big amount).

[angel_wing0]

I am on my 2nd 0% card. It expires in Oct, so I wanted to get a 3rd before the offer ends. I filled out the online form a couple of weeks ago and just received a letter in the mail that it was denied because they feel I already have enough credit with them.....but they gave me the option to cancel the current card and move the credit limit to the new card that I applied for. I called and have set the wheels in motion. While on the phone, I asked if the current card can be extended instead of cancelled - the rep said that the best she could do is offer me .99% instead of 0.

the offer cannot be extended...all u can do is what u did, apply for another one :D

Did you pay off the entire card before applying for the new one? i hope u just paid off a portion and use that open credit for the new card, then once the old card expires move the old card credit to the new card and then get the 0% bt off that.

[maisonneuve911]

hi;
I just got my first mbna credit card approved (0% for 15 mth), but they just gave me $2500 credit, the Rep.told me because I am the owner of a new restaurant, that's risky to lend me money, also she asked me what's the purpose to apply this card, I said it is for regular purchase( I realized I shouldn't said that after I hang up the phone), is there any way to increase my credit limit, I need to do the BT to my RBC credit card before Augest 31st.

thank you.

[JunkHunter]

Hi all, great post, thanks to everyone for the comments and insight.

I just applied for the 0% 15 months online using the link (just check back a few pages, it's there and it works). Let's see what happens!

[angel_wing0]

hi;
I just got my first mbna credit card approved (0% for 15 mth), but they just gave me $2500 credit, the Rep.told me because I am the owner of a new restaurant, that's risky to lend me money, also she asked me what's the purpose to apply this card, I said it is for regular purchase( I realized I shouldn't said that after I hang up the phone), is there any way to increase my credit limit, I need to do the BT to my RBC credit card before Augest 31st.

thank you.

call the rep to forward u to a credit analyst...then the credit analyst will do a credit check and will approve or deny u a higher limit on the spot.

[maisonneuve911]

thx!!!!!!

should i just tell them i need to do the BT to my other credit card, or just make up a excuse. and should i call them to deal with my credit limite before i received the card or after?


thank you !!!

[angel_wing0]

thx!!!!!!

should i just tell them i need to do the BT to my other credit card, or just make up a excuse. and should i call them to deal with my credit limite before i received the card or after?


thank you !!!

they wont talk to u until u activated your card iirc...

[Sensforever]

thx!!!!!!

should i just tell them i need to do the BT to my other credit card, or just make up a excuse. and should i call them to deal with my credit limite before i received the card or after?


thank you !!!

Be careful about calling in too much for increases. You were most likely already speaking to a credit analyst, as a CSR wouldnt have needed to ask you what you wanted to use the card for and wouldnt have known to say a new business was risky. If you are asking for an increase immediately and another bureau check is done, it may look bad.

[lor74]

the offer cannot be extended...all u can do is what u did, apply for another one :D

Did you pay off the entire card before applying for the new one? i hope u just paid off a portion and use that open credit for the new card, then once the old card expires move the old card credit to the new card and then get the 0% bt off that.

LoL, sorry if it seemed like I was asking a question. I was just posting as an FYI for the forum. Yes, my current card (which has now been cancelled) had a 0 balance on it. The full credit limit from the old card is supposed to be transfered to the new card.

[everylittlecent]

this is what i wrote on the other MBNA thread

http://www.redflagdeals.com/forums/showthread.php?t=618355&page=42

[patrob]

There is one here but seems like it's for U.S. residents patrob

http://creditcards.citicards.com/usc/value/platinum/mc/0509pricing/default.htm?ProspectID=F3D4BA46297643FAB9176C14688 B7875&_u=visitor&usertype=All%2Busers&promotion=Rate&sc=4T3Z1YM9&m=4TNBMDD660W&B=M&product=Platinum%2BSelect%2BCard&siteId=CB&t=t&lid=ILC-2070402&uc=3CM&publisher=CBOL&placement=B1&app=UNSOL&langId=EN&bli=null&screenID=3000&cmp=ILC-2070402&venue=Citibank.com&adtype=Rich%2BMedia%2B-%2BFlash

It was good while it lasted. We (I and my wife) did 1 round with CitiBank and it was a smooth and painless process.

Thanks too bad it's for US only :( I think we did 2 or 3 rounds with CITI already :twisted: I knew it would end sooner or later, oh well... I guess I will have to wait & pay off my two 0% MBNA cards (Oct. & Dec.), use my secured LOC for a month or two & re-apply again for the MBNA 0% offer, transfer old limit to new cards (if offer is still alive) & start all over again ;) :D

[tsml1]

Received my new 0% for 15 months card today and immediately phone to do a BT. Was informed by the CSR that I can not get the $10 minimum payment any more and a new government law change requires a minimum payment to be 1% of the balance.

Has anyone receive the $10 monthly payment

[shylok]

Received my new 0% for 15 months card today and immediately phone to do a BT. Was informed by the CSR that I can not get the $10 minimum payment any more and a new government law change requires a minimum payment to be 1% of the balance.

Has anyone receive the $10 monthly payment

Did you apply prior to July 1st? That was their deadline. EDIT: OOops. sorry. That was the deadline for the CEAN code for 1.99% for life which was July 1st. Not sure about 0% for 15mo.

[shylok]

What other low monthly payment cards/LOC do you guys know about?

MBNA at 10/mo is now gone
MBNA at 1% a month is still quite reasonable.
CIBC/TD interest only LOC are now out there

Are there any other Credit cards at 1% or a fixed monthly fee like the 10.00 MBNA was at?

[angel_wing0]

Received my new 0% for 15 months card today and immediately phone to do a BT. Was informed by the CSR that I can not get the $10 minimum payment any more and a new government law change requires a minimum payment to be 1% of the balance.

Has anyone receive the $10 monthly payment

omfg thats news :eek:

[shylok]

omfg thats news :eek:

That gov't part sounds a little bs. But they did change that for new applications for sure on the 1.99% product likely the same for the 0%


Hence my above question on any other products available on the market that are similar in their low payments. I mean frankly 1% still is way better than the std 3%. On 2-4k no biggie but if you're carrying 50k that's 1500vs500 month.

[jmc0]

Received my new 0% for 15 months card today and immediately phone to do a BT. Was informed by the CSR that I can not get the $10 minimum payment any more and a new government law change requires a minimum payment to be 1% of the balance.

Has anyone receive the $10 monthly payment
So they saying, there will be a new canadian law which enforces a 1% (but not the current 'canadian law')?
What other low monthly payment cards/LOC do you guys know about?

MBNA at 10/mo is now gone
MBNA at 1% a month is still quite reasonable.
CIBC/TD interest only LOC are now out there

Are there any other Credit cards at 1% or a fixed monthly fee like the 10.00 MBNA was at?
Are you saying, for new LOC from CIBC/TD, there is no longer an option for interest only payment? [or are you saying, they still offer interest only payment if you qualify (which hasn't changed from their previous practice)?]
I know RBC had interest only payment as an option, for their personal LOC.

[shylok]

So they saying, there will be a new canadian law which enforces a 1% (but not the current 'canadian law')?

Are you saying, for new LOC from CIBC/TD, there is no longer an option for interest only payment? [or are you saying, they still offer interest only payment if you qualify (which hasn't changed from their previous practice)?]
I know RBC had interest only payment as an option, for their personal LOC.


TD/CIBC/RBC still have interest only payment option on their personal LOCs.

What I'm looking for is other similar products. ie Credit cards etc.

[angel_wing0]

That gov't part sounds a little bs. But they did change that for new applications for sure on the 1.99% product likely the same for the 0%


Hence my above question on any other products available on the market that are similar in their low payments. I mean frankly 1% still is way better than the std 3%. On 2-4k no biggie but if you're carrying 50k that's 1500vs500 month.
citi is also 1% per month...now if we can find a new promo for that.

[shylok]

citi is also 1% per month...now if we can find a new promo for that.

Is that only on BT? do they have any other longtime BT's like MBNA's 1.99. I did a quick search and no dice. I notice off another thread you have 3 cards from Citi, do they often offer low rate BT's for 12mo+?

[angel_wing0]

Is that only on BT?

do they have any other longtime BT's like MBNA's 1.99. I did a quick search and no dice.

I notice off another thread you have 3 cards from Citi, do they often offer low rate BT's for 12mo+?


Yes.

No.

Yes...depends on your luck if someone posts it here or if they offer it to you.

[canabiz]

Received my new 0% for 15 months card today and immediately phone to do a BT. Was informed by the CSR that I can not get the $10 minimum payment any more and a new government law change requires a minimum payment to be 1% of the balance.

Has anyone receive the $10 monthly payment

Can anybody else confirm this is true ? Yes if the balance is $25K (not unreasonable, going through this thread), that's $250/month. It may not be a huge deal for some but it's certainly a big difference compared to $10.

[engo]

What other low monthly payment cards/LOC do you guys know about?

MBNA at 10/mo is now gone
MBNA at 1% a month is still quite reasonable.
CIBC/TD interest only LOC are now out there

Are there any other Credit cards at 1% or a fixed monthly fee like the 10.00 MBNA was at?

Just applied 1.99% for life this morning with the CEAN code and will take 2 weeks for processing/approval. The agent mentioned that min payment would be interest plus $15. Will see if this is the case.

[Sensforever]

Can anybody else confirm this is true ? Yes if the balance is $25K (not unreasonable, going through this thread), that's $250/month. It may not be a huge deal for some but it's certainly a big difference compared to $10.

The new minimum payment is true. The payment is now calculated as finance charges + 1% of balance before finance charges. The lowest it would be would be $15.00 usually. This is the case for all credit card products applied for as of July 1st, for BT cards or regular mastercard accounts, including Smart Cash. The only types of accounts that are not affected are existing accounts applied for before July 1st and Fixed Payment accounts.

[cyberderf]

Any web link for the MBNA 1.99% for life ? The one with CEAN code seems dead.

[chronos]

I just called in and applied for the 1.99% using CEAN. However, the agent asked when I received the offer in the mail. I told him a few weeks ago and he replied, "This offer hasn't been mailed out in 4 months" :o

He asked me for the digits after CEAN (which obviously I had no idea). He said that if someone told me the CEAN code that it was ok, he just wanted to know :razz:

We finished up the application, I got my reference number and it's going to take a few weeks to process.

[tigger03]

I'm confused. I have the 1.99% for the life of the loan kinda card. In essence, I'm being charged a yearly interest rate of 1.99% until I pay it off. And my payments are interest+$10 per month. Please correct me if I'm wrong.

With the "new" card/rules, the yearly interest rate is still 1.99%, but the monthly payments have been changed to 1% of the balance plus interest?

[Sensforever]

I'm confused. I have the 1.99% for the life of the loan kinda card. In essence, I'm being charged a yearly interest rate of 1.99% until I pay it off. And my payments are interest+$10 per month. Please correct me if I'm wrong.

With the "new" card/rules, the yearly interest rate is still 1.99%, but the monthly payments have been changed to 1% of the balance plus interest?

Thats correct. As long as the card you have was applied for before July 1st you will keep the old payment schedule of fees+interest+10.00 and any new accounts applied for after July 1st will have the new schedule of interest+1% of balance before interest. The actual rate of interest doesnt change with this new rule.

[angel_wing0]

Can anybody else confirm this is true ? Yes if the balance is $25K (not unreasonable, going through this thread), that's $250/month. It may not be a huge deal for some but it's certainly a big difference compared to $10.

Yes it's true. And yes it really sucks paying $250 as oppose to $10 a month till the offer ends...

[feminazi]

Thanks very much for this thread!

I applied for and received a 0%/15 month card and am using it!

They won't do a balance transfer to your account immediately, something they neglected to tell me when I called in to get the transfer right after receiving my card.

It could have been a big deal but it worked out O.K.

[signup]

Thanks very much for this thread!

I applied for and received a 0%/15 month card and am using it!

They won't do a balance transfer to your account immediately, something they neglected to tell me when I called in to get the transfer right after receiving my card.

It could have been a big deal but it worked out O.K.

When did you apply? Did you apply online or what number did you call for?

[alexei]

hey how much did you guys get approved for in relation to your stated income. I get $2500 for a $50000 income. seems low

[angel_wing0]

hey how much did you guys get approved for in relation to your stated income. I get $2500 for a $50000 income. seems low

very low...call and ask for a credit limit increase.

[sweetiegyal]

hey how much did you guys get approved for in relation to your stated income. I get $2500 for a $50000 income. seems low

yes, i got the same limit for $70,000 income but that could be because I have another card with them for $6000 limit, but still it's too low. I'm going to call for an increase

[tigger03]

Yes it's true. And yes it really sucks paying $250 as oppose to $10 a month till the offer ends...

I intend to pay it back quickly. It's actally my student loan that I transferred to MBNA from OSAP. I would rather put my $200 monthly payment to paying off more of the principle.

[tigger03]

Yes it's true. And yes it really sucks paying $250 as oppose to $10 a month till the offer ends...

I actually make my monthly payments of $200 because that was my payment to OSAP. I'd rather put the money towards the principle instead of the interest that I was paying OSAP. But you're right -- if times are tough, I can make the $10+interest payments.

[tigger03]

hey how much did you guys get approved for in relation to your stated income. I get $2500 for a $50000 income. seems low

it all depends on the credit bureau that they pull for you. You may have a lot of credit already elsewhere and they may see you as a "credit seeker". Your income is only part of the equation. I was approved for $11,000 and my income is lower than 50k. That was much more than I needed anyway.

[twostepdrew]

removed

[Trooper8111]

hey how much did you guys get approved for in relation to your stated income. I get $2500 for a $50000 income. seems low

That is extremely low. You should be able to get up to 30% of total income if you have great credit.

[jmac35]

Hoping someone can help me with this.

Is there any difference in speed of approval for MBNA 0% BT for 15 months between phone and online application?

Can you transfer up to the credit limit to yourself via BT cheque?

I was reading through the thread trying to get back up to speed on these deals since I got my citibank about 2 years ago.

Is this the best way to apply:

0% again!
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=CGVA&lc=en_CA

[canabiz]

I just gave this another go again (thanks guys!). I recently put a big chunk down on one of the card that is due in September so I am hoping there is enough credit on my part for them to consider...

jmac: To address some of your questions

1. This is the first time that I apply for this card using the online application so I won't know if it's faster than telephone. I do know it reduces the chances for errors (name, address spelling) and it's almost a relief not having to deal with CSRs with Indian accents.

2. Yes you can transfer up to the limit via BT cheque.

3. That link is the best way to apply again. I didn't transfer any balance over, hoping to get a a good limit and use it for something else.

Good luck and I am keeping my fingers crossed.

[mightykc]

well, i called MBNA's general line from their website to apply for the 0% for 15 months platinum card. i gave the CVGA priority code and they transferred my to another rep. gave all my info and was told to wait for phone call.

[maisonneuve911]

thanks for your helps,
finally i got my card yesterday, actived the card this moring and spoke to the Rep from credit department in order to get higher limite, then do the BT to my bank account right away, everything is ok now.
i applied this card by phone on July 6th(0% for 15 months), call back on July 13 and got approved right away, then wait almost 2 weeks to received the card.

[signup]

thanks for your helps,
finally i got my card yesterday, actived the card this moring and spoke to the Rep from credit department in order to get higher limite, then do the BT to my bank account right away, everything is ok now.
i applied this card by phone on July 6th(0% for 15 months), call back on July 13 and got approved right away, then wait almost 2 weeks to received the card.

Can you clarify pls..You mean BT from your bank to MBNA, or MBNA to your bank? Don't get how this works? Thanks!

[tsgee]

Can you clarify pls..You mean BT from your bank to MBNA, or MBNA to your bank? Don't get how this works? Thanks!

Balance transfer from MBNA to your bank account. Then you pay MBNA the transfer fee of 1% at the start and then the minimum payment for the remaining 14 months with no interest.

[spursbob]

My g/f called today and they said there were no offers except for 0% for 10 months.

[angel_wing0]

My g/f called today and they said there were no offers except for 0% for 10 months.

Quote offer code CGVA.

[spursbob]

Quote offer code CGVA.

Would that get 1.99% or 3.99%? I don't want 0%.

Thanks.

[Bombtrack]

Hey everyone, I'm new here but have been lurking this site for a couple months for tech deals, I've been planning on finally joining when I noticed this thread.

I'm trying to help my girlfriend with some of her debt when I saw this thread and plan on telling her about the MBNA 0% for 15months CC.

I did a search through the thread tools for "interest rate" but I'm getting over a hundred posts - can anyone tell me off-hand what the interest rate is after the 0% 15 month period?

Thanks

[angel_wing0]

hey everyone, i'm new here but have been lurking this site for a couple months for tech deals, i've been planning on finally joining when i noticed this thread.

I'm trying to help my girlfriend with some of her debt when i saw this thread and plan on telling her about the mbna 0% for 15months cc.

I did a search through the thread tools for "interest rate" but i'm getting over a hundred posts - can anyone tell me off-hand what the interest rate is after the 0% 15 month period?

Thanks

19.99%...

[Bombtrack]

That was quick - thanks angel_wing0!

[McPaul]

which is of course why you cancel and reapply for another one near when the 15 months are up.

[nizmo_gtr]

Just curious. If we can essentially "borrow" money at 0%, what is stopping one from taking that money and depositing into a savings account for interest gains? If the "borrowed" money is paid back before the 0% ends, wouldn't there be a gain?

Do the credit cards charge a large admin fee in order to get 0%?

There must be some fine print to prevent clients from taking the money to invest?

[angel_wing0]

Just curious. If we can essentially "borrow" money at 0%, what is stopping one from taking that money and depositing into a savings account for interest gains?

If the "borrowed" money is paid back before the 0% ends, wouldn't there be a gain?

Do the credit cards charge a large admin fee in order to get 0%?

There must be some fine print to prevent clients from taking the money to invest?

nothing.

Yes.

1% BT fee.

No.

[McPaul]

Just curious. If we can essentially "borrow" money at 0%, what is stopping one from taking that money and depositing into a savings account for interest gains? If the "borrowed" money is paid back before the 0% ends, wouldn't there be a gain?

Do the credit cards charge a large admin fee in order to get 0%?

There must be some fine print to prevent clients from taking the money to invest?



kinda the idea. This is why we have a couple of bazillion page threads on the subject.

[McPaul]

0% again!
https://wwwa.applyonlinenow.com/CACCapp/Ctl/entry?sc=CGVA&lc=en_CA


I have never seen an MBNA applicaiton online before. I'm slightly uneasy about this. This is my third time through on this card, I just applied through the online link, but am a little uneasy. Does this go to the third party app center in India, or the one in Ottawa? I received no confirmation email, and there was nothing on that page that said MBNA.

Would I have better luck calling the toll free and applying over the phone? (obviously concerned this time because of the state of the economy and whether they will or will not approve this time)

[lor74]

I have never seen an MBNA applicaiton online before. I'm slightly uneasy about this. This is my third time through on this card, I just applied through the online link, but am a little uneasy. Does this go to the third party app center in India, or the one in Ottawa? I received no confirmation email, and there was nothing on that page that said MBNA.

Would I have better luck calling the toll free and applying over the phone? (obviously concerned this time because of the state of the economy and whether they will or will not approve this time)

I filled out the online form to get my 3rd 0% card. I received a notice in the mail after 2 weeks regarding my application.

[bubble.tea]

woohooooo!!!!!!

Post 4000!!!!!!!!!

[Hugh Jass]

woohooooo!!!!!!

Post 4000!!!!!!!!!

Wow :D