Charging add-on to Visa

[maburke]

You are absolutely correct, to the lowest interest rate. Those promos are only good if you have a zero balance card and plan to NOT use it at all for anything until the promo loan is paid off.

Again, this is NOT right. Have you done this offer on this card, Tigger & Eeyore? Based on my direct experience this month, and hearing from others who have done this offer on this card, you should be able to use the card for the 6 months of the promotion, and as long as you pay off the amount that is not part of the promo, you should not be charged interest. I don't know what happens if you run an additional balance, but I paid off everything but the promo loan. If you had a different experience, Tigger & Eeyore, give details.

Thanks,

 

[T-i-double-g-err]

I actually read the provisions not too long ago. I think it's correct that if you pay off the current balance less any promo qualifying amounts you do not pay any interest or finance charges for that month. Now, if my memory is correct, however, if the promo qualifying amounts are not fully paid off in the time frame provided, you get hit with the accrued interest. In other words, it builds over the promo period, and if the amount is not paid off by the end of the promo period, you do get to see that interest eventually. So, I'd be very careful in that last month of the promo period to kill any remaining balance in order to avoid deferred interest charges. As I said, my memory might be wrong on this, but that's my understanding.

 

[disneynutz]

Speaking from our experience. Payment is applied to lowest interest rate. If you have a balance at 10% and the Disney promo at 0%, your entire payment will be applied to the Disney promo and not your regular balance.

We had bad luck with the promo. Our Guide had been told that the promo was over so the paper work didn't get done until we proved that the promo was still on. We were told by Chase that the promo was incorrect on our account and that they would fix it, it took 5 months.