Did this coupon
work for you?
work for you?
Popular
Advertiser Disclosure
Discover Card Existing Card Holders 0% APR for Next 12 months! as Always YMMV!
Worth a shot to log in to your Discover card account and "chat" a rep. Four months ago, I came off a 12 month 0% APR on purchases and just got it again by asking. Of course TWO months ago I asked if there were any special APR rates and was told "no." Last chat was this:
Me: "Good morning, I was wondering if there were any special offers available on my card"
Rep: "Was there anything in particular you were looking for?"
Me: "Special APR for purchases or anything interesting?"
Rep: "I show you are eligible for 0% APR for the next 12 months, would you like me to apply that to your account?"
Me: Sure, thanks!
https://www.discover.co
Me: "Good morning, I was wondering if there were any special offers available on my card"
Rep: "Was there anything in particular you were looking for?"
Me: "Special APR for purchases or anything interesting?"
Rep: "I show you are eligible for 0% APR for the next 12 months, would you like me to apply that to your account?"
Me: Sure, thanks!
https://www.discover.co
Created 09-09-2021
at 06:52 AM
by IronManFan
in
Credit Cards
(3)
Discover.com
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Recommended Deal Alerts For You
What are Deal Alerts?
Want more deals like this?
Create a deal alert for Credit Cards.
Add Deal Alert for Credit Cards
196 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
EDIT: this is no longer the case. See this post
I don't think that's true - payment should always go to higher interest balance first
Well see, this is why I don't carry a balance into the next month when not in a promo like this. Always pay it off every month. So today I signed up for the 0% interest. Balance is zero on the CC.
Once the promo kicks in, I can set up autopay on a much bigger balance, set it for pay off within the 12 month timeframe and forget it. It's really not rocket science.
That is not correct. At least not anymore. This was one of the regulatory changes Obama government made long time ago. Payment will go towards the minimum payment and the rest will apply to the higher rate first. Please correct me if this is not right. Thanks.
This is from the consumer perspective. Banks think and operate differently 🙃
Sign up for a Slickdeals account to remove this ad.
From a customer perspective as well this is what the credit card companies follow:
The Credit CARD Act of 2009 stipulates that any excess payments you make (amounts higher than your minimum payment) should be credited towards the balance with the highest APR. If there is any amount leftover, this will be applied to the balance with the second highest rate of interest. You'll usually make more progress in bringing down your balance faster if you pay more than the minimum balance by your due date, especially if you are being charged interest.
The Credit CARD Act of 2009 stipulates that any excess payments you make (amounts higher than your minimum payment) should be credited towards the balance with the highest APR. If there is any amount leftover, this will be applied to the balance with the second highest rate of interest. You'll usually make more progress in bringing down your balance faster if you pay more than the minimum balance by your due date, especially if you are being charged interest.
Once the promo kicks in, I can set up autopay on a much bigger balance, set it for pay off within the 12 month timeframe and forget it. It's really not rocket science.
Sign up for a Slickdeals account to remove this ad.