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    #1

    Best offers yet!

    Ok, last week I received from Household bank, a Platinum, 0% no interest for 6 months, 15.99% interest, no annual fee card.....is this for real?

    It's the same offer, it seems, one through hbacept.com and one through acceptourcard.com/mc.

    Are they the same? I'd like to get one but don't want to get fooled here....have my hooter's card ($72 annual fee w/1K line of credit).

    They both say HSBC...just saw it on the return envelopes?

    Thoughts?
    Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
    Who it was we were below, where we've been and where we go
    Tags: None
    #2
    I did it online...

    ...got approved! Now I can transfer a balance to it for no interest for six months.....

    I have a whopping $160 on my hooters card (are you not proud of me??!!) and I've had it for almost two months now!

    should I take advantage of the balance transfer no interest thing?
    Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
    Who it was we were below, where we've been and where we go

    Comment

      #3
      If it works out to be cheaper than your Hooters card, Sure!

      Many times, CC's charge a Balance Transfer or Cash Advance fee of X% or $Y minimum charge. If that's gonna be cheaper than what you'd pay in interest to Hooters until you pay off your balance, then do the transfer.

      Congrats, Amis!!
      Filed Ch 7 - 09/06
      Discharged - 12/2006
      Officially Declared No Asset - 03/2007
      Closed - 04/2007

      I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

      Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

      Comment

        #4
        Originally posted by SinkingFast View Post
        If it works out to be cheaper than your Hooters card, Sure!

        Many times, CC's charge a Balance Transfer or Cash Advance fee of X% or $Y minimum charge. If that's gonna be cheaper than what you'd pay in interest to Hooters until you pay off your balance, then do the transfer.

        Congrats, Amis!!
        Gosh, I don't know....I already have the statement for Dec....$159 balance & I was planning on paying the whole thing off immediately? But this card gives you 6 mo. interest fee....here is the "is it better to pay the balance in full or carry a balance and show payments" thing....I just don't want to get "sucked" into something and screw up....
        Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
        Who it was we were below, where we've been and where we go

        Comment

          #5
          AMIS - if you were planning on paying the balance in full - just go ahead and do so!

          A balance transfer is going to cost 3% or some minimum transfer fee - why pay any fees on either card? It will just cost you more!

          If I were you, I'd pay the Hooters in full.

          Then just put a tank of gas or something on the other and pay in full. Once you put something on the card they report to the CRA's - it doesn't matter if you carry a balance or not - they still report every single month.

          If you just want to show usage - use both cards for gas or groceries every month, then pay in full - that way you are using your already budgeted expenses to re-build your credit.

          But don't do a balance transfer, it's a waste of money.

          Comment

            #6
            Originally posted by BK'd-Betty View Post
            AMIS - if you were planning on paying the balance in full - just go ahead and do so!

            A balance transfer is going to cost 3% or some minimum transfer fee - why pay any fees on either card? It will just cost you more!

            If I were you, I'd pay the Hooters in full.

            Then just put a tank of gas or something on the other and pay in full. Once you put something on the card they report to the CRA's - it doesn't matter if you carry a balance or not - they still report every single month.

            If you just want to show usage - use both cards for gas or groceries every month, then pay in full - that way you are using your already budgeted expenses to re-build your credit.

            But don't do a balance transfer, it's a waste of money.
            Thanks for the info! Yeah, I'm really trying to be aware of all the hidden stuff with the cc's today. I was just happy it was a no fee card...figures, after I apply for the Hooter's right? ok...no biggie...I'm very happy to be rebuilding!
            Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
            Who it was we were below, where we've been and where we go

            Comment

              #7
              Son has had a CC for 6+ months now. CapOne College Student offer thing. It's not 0% interest, but, so far it hasn't cost him anything.

              Every month, he charges some regular expenses. Gasoline and such. Then when the bill comes, he pays in full. So far, no interest charges.

              3 months after he got the card, because he kept his bill paid as agreed, CapOne gave him a credit line increase.

              CapOne may be getting the % from the merchants/charge, but Son hasn't paid them a penny in interest yet.
              Filed Ch 7 - 09/06
              Discharged - 12/2006
              Officially Declared No Asset - 03/2007
              Closed - 04/2007

              I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

              Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

              Comment

                #8
                Congrats! HSBC offers a ton of "different" cards, but its really just a bunch of the same cards with different terms and conditions. Once I already had both Household & Orchard cards they still sent me more offers for months. They along with capital one are known for the trick of issueing multiple cards to the same person, sometimes 3 or 4, to maximize fees. So watch out! I never got approved for their low or no fee cards, but if you can then go for it. I would transfer the 160$ too but only if you cannot pay it in full.

                Comment

                  #9
                  Originally posted by FilingOnMyOwn View Post
                  Congrats! HSBC offers a ton of "different" cards, but its really just a bunch of the same cards with different terms and conditions. Once I already had both Household & Orchard cards they still sent me more offers for months. They along with capital one are known for the trick of issueing multiple cards to the same person, sometimes 3 or 4, to maximize fees. So watch out! I never got approved for their low or no fee cards, but if you can then go for it. I would transfer the 160$ too but only if you cannot pay it in full.
                  Thank you for the insight......I'm going to pay off my balance on my hooters just like I normally planned...it is a "no fee" card with HSBC...and I'd like to keep it that way! he he....again, I have no idea what my credit line will be....so I'll know when it comes in the mail....they did offer a rush delivery in the mail to get the card fast but I don't need that option...I think it was around $20....no biting here!
                  Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
                  Who it was we were below, where we've been and where we go

                  Comment

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