My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.

By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)


 

0% Offers

Contributed by mm | July 28, 2004 8:13 PM PST

A handy guide from CardWeb on where to find the best 0% APR deals:

Bank 2003 Offer 2004 Offer
1. Citibank          16 months (B)        15 months (B)
2. MBNA              12 months (P+C)      11 months (B+C)
3. Bank One          12 months (P+B)      11 months (P+B)
4. JPM Chase         12 months (P+B)      12 months (B)
5. Discover          11 months (B)        10 months (B)
6. Capital One        6 months (P+B)       6 months (P+B)
7. American Express   6 months (P+B)       6 months (P+B)
8. Bank of America   13 months (P+B)       none
9. Providian         13 months (P)         9 months (B)
10. Fleet            12 months (P+B)      14 months (P)
AVG                  11.3 months          10.4 months
　 　
B-applies to balance transfers 　 　
P- applies to new purchases 　 　
C- applies to cash advances 　 　

Of course, as 0% offers become more expensive to issuers, the 0% APR period is shortened in most places, and you can rightfully expect some 0% APR deals are not combined with other perks like cashback rewards.

A few more words: if you keep a revolving balance, the value of the 0% APR offer is worth the following to you: B * APR * L / 12 - F, where:

B is the amount of balance you will transfer,
APR is the current APR for the balance,
L is the length of the 0% APR offer in month, and
F is the balance transfer fee associated.

In addition, you may not want to make purchase during the 0% offer period unless the 0% APR offer applies to both purchase and balance transfer, because any payback to the card will be used to reduce 0% APR-related balance first.

If you don't have a balance to transfer (like me), the value of the offer can be much less. I opt for putting the money to a saving account generating 2.15% annual yield for both liquidity and safety of capital.

Be the First to Comment on this Post


Add Your Comments










Remember personal information?




(It will take a few moments for your comment to be published. Please do not close the window until then.)


Read More ... 138 Posts In The Same Category


03/02/10 | A Price Hike from Citi and One Less Customer | (3)
02/04/09 | How Much Are Credit Card Issuers Charging Merchants? | (23)
01/03/09 | Free Credit Score for Everyone | (7)
04/12/08 | A $215 Refund | (26)
01/08/08 | Supercharge Your Frequent Flier Mileage Account by Applying for Co-Branded Credit Card | (3)
12/26/07 | American Express: Winner of 2007 J.D. Power Credit Card Satisfaction Survey
10/17/07 | What A Year of 0% APR Arbitrage Has Brought Me | (22)
09/13/07 | Citi CashReturns MasterCard - Credit Card Deal of the Year | (9)
08/08/07 | 0% APR Introductory Credit Card Offers Still Exist | (10)
08/07/07 | My Credit Score Is Back To The 700s | (2)
08/05/07 | Capital One Finally Reports Credit Limits
11/06/06 | Am I Becoming A Credit Risk? | (16)
10/22/06 | Citibank's Online Lending Center Launched | (1)
10/21/06 | Credit Dispute Experience at Experian and Equifax | (6)
10/17/06 | American Express Blue Cash Now Offers Unlimited Rewards | (6)
09/06/06 | MasterCard to Cap Fuel-Purchase Fees | (2)
08/22/06 | Citibank Reduces Cashback Incentive for Cardholders | (3)
08/07/06 | In Praise of Our Credit Union's Credit Card | (4)
02/28/06 | The Value of A Great Balance Transfer Deal | (12)
11/25/05 | Postcard from China: Credit and Debit Cards | (6)
09/01/05 | Reminder: Free Credit Report Is Available Nation Wide | (3)
08/11/05 | How to Track (Multiple) Credit Card Promotions | (4)
07/14/05 | Survival Guide for the New Driver's Edge Card from Citi | (4)
06/09/05 | Good Reward Card Deals Drying Up? | (16)
06/01/05 | Cash Out Your Credit Score | (8)
05/31/05 | Reminder: Free Credit Report Rolled Out To Southern States On June 1st
05/23/05 | Do We Have Too Many Card Innovations?
04/29/05 | Citi Backpedaling Popular Credit Card Offer? | (9)
04/07/05 | Credit Card Rewards Distort Price System? | (9)
03/23/05 | Citi Is Still ... Generous | (9)
03/18/05 | What's In Your Credit Score | (1)
03/16/05 | Call You Tell Good Debt From Bad Debt? | (3)
02/28/05 | Your Free Credit Report, The Experian Way
02/16/05 | How High Can Credit Card Interest Rate Be? | (1)
02/07/05 | Why Do Credit Cards Expire? | (1)
01/08/05 | 10 Credit Card Tips for 2005 | (1)
12/29/04 | 5% Off Everything With Citi's Driver's Edge | (3)
12/27/04 | Average Size Of Credit Card Transaction | (2)
12/15/04 | How Should You Deal With Convenience Checks? | (1)
12/13/04 | Who Is Stronger? Visa or Mastercard? | (3)
12/09/04 | MBNA Customers, Be Aware | (2)
12/03/04 | Free Credit Report: The TransUnion Flavor | (1)
12/01/04 | Fresh Taste of Truly Free Credit Report (Equifax) | (6)
11/23/04 | Free Credit Reports Are On The Way | (1)
11/10/04 | Kmart Rewards
11/06/04 | MBNA Starts to Issue American Express Cards
11/04/04 | How MBNA Takes Away Your Benefits, Gradually | (2)
11/02/04 | October 2004 Credit Score: TransUnion/659, Experian/744
10/17/04 | The Radical Guide to Credit Cards
10/14/04 | Watch Out for Bad-Loan Signals
10/07/04 | Dirty Secrets of Airline Credit Cards
10/03/04 | With PremierPass, Citi Is Running Its Own Mileage Program | (2)
09/30/04 | September 2004 Credit Score: TransUnion/635, Experian/732 | (1)
09/18/04 | $20 Bonus for BankOne's First Protect Program | (3)
09/15/04 | Demystifying ARM Indices
09/13/04 | Doubling Up Credit Card Rewards | (1)
09/08/04 | TrueEarnings: The Better Amex/CostCo Card | (3)
08/30/04 | American DreamCard - Play Lottery by Charging
08/28/04 | First Citi Credit Protector Rebate Check Received | (1)
08/25/04 | August 2004 Credit Score: TransUnion/734, Eloan/666
08/24/04 | $1,000 A Year Just By Picking The Right Card
08/24/04 | Close Encounters of The Third Kind
08/16/04 | 3 Bureau Credit Report and Score for $1 | (3)
08/15/04 | Clever Wording from Fleet (And Shame on Me) | (4)
08/14/04 | Small Balance Adjustment | (2)
08/13/04 | Progress with Fleet Balance Transfer
08/11/04 | Another 0.25% Rate Increase and How It Will Affect You
08/10/04 | Phishing Is Becoming Epidemic | (1)
08/07/04 | HGW4 = 10% Off All Restaurant Bills (CFI)
08/05/04 | Free Money Still Abound | (3)
08/04/04 | Anti-Identity Theft Freeze Gaining Momentum
08/01/04 | Real Credit Card Debt
07/31/04 | Gasbates
07/28/04 | $126 Cash Rebate From Citi Received
07/26/04 | As Cash Fades, America Becomes A Plastic Nation | (2)
07/23/04 | July 2004 Credit Score: TransUnion/719, Eloan/710
07/22/04 | $30,000 HELOC Closed | (1)
07/21/04 | My First No-Fee 0% APR Balance Transfer Offer (CFI) | (3)
07/17/04 | Getting United MileagePlus Visa Signature Card (13 Cards and Counting)
07/09/04 | "Profit from Chase" Credit Card
07/07/04 | Applying a Home Equity Line of Credit
07/05/04 | Free Credit Report from Experian
07/05/04 | Rates Move Higher ... Now What? | (1)
06/27/04 | $100 Turns Out To Be $150 | (3)
06/26/04 | Debit Rewards Cards Expand Offerings -- And Come With Costs
06/23/04 | Bill Me Later�
06/23/04 | 4 Ways to Snag the Best Reward Card
06/23/04 | June 2004 Credit Score: TransUnion/730, Eloan/700
06/22/04 | Buying Gift Cards Thru Grocery Stores at 5% Discount?
06/11/04 | Everything is Negotiable | (1)
06/06/04 | Free Credit Reports Are Coming Gradually
06/02/04 | Credit Cards That Pay | (1)
05/31/04 | DebtSmart.com - A Great Personal Finance Site
05/26/04 | The 9th Card | (1)
05/25/04 | A Summary of Late Fees
05/25/04 | May 2004 Credit Score: TransUnion/704, Eloan/679
05/19/04 | Citi Dividend Card: Sweeter Deal After 9/1
05/14/04 | $15 Bait From Citi
04/29/04 | Nodebt.com Pays You For Paying Your Bills On Times | (1)
04/25/04 | April 2004 Credit Score: TransUnion/710, Eloan/675
04/21/04 | Citi Dividend Platinum Select Card: The First Statement
04/17/04 | A Credit Card With $1,500 Annual Fee
04/15/04 | Fidelity MasterCard� Credit Cards | (1)
04/05/04 | Cashback vs Reward | (3)
03/30/04 | Heading for Refinancing
03/29/04 | Credit Card Companies Raise Penalties To $39
03/26/04 | Citi Dividend Platinum Select Card Received
03/23/04 | Monthly Credit Score Update - February 2004 (+7 -> 691)
03/22/04 | 5 Year Interest Only LIBOR ARM | (2)
03/20/04 | Providian Sweetens the Deal
03/17/04 | Citi® Dividend Platinum Select® Card (CFI) | (1)
03/16/04 | Credit Line Increase Fee | (1)
03/15/04 | Refinancing Now?
03/14/04 | MBNA, Increasing Credit Limit Every Three Months?
03/06/04 | Surpassed 20,000 Mark in MBNA Reward Program
03/05/04 | Experian National Score Index
02/23/04 | Monthly Credit Score Update - February 2004 (+11 -> 684)
02/21/04 | Providian Real Rewards
02/21/04 | Blue Cash from American Express
02/18/04 | Visa Extras
02/15/04 | Scoring a Loan
01/28/04 | Why Debit Card? Why Cash?
01/28/04 | Redemption Value of Card Miles | (1)
01/24/04 | Monthly Credit Score Update - January 2004
01/09/04 | How Does Your Debt Compare?
12/29/03 | Monthly Credit Score Update - December 2003
12/10/03 | Comparison of Credit Card Sites
12/10/03 | MBNA Silently Increased My Credit Limit, By A Bit
12/08/03 | First Premier Bank Gold MasterCard: A Credit Card Too Expensive to Keep | (2)
12/03/03 | Profitable Card Issuers
11/28/03 | Providian Increased My Credit Limit
11/26/03 | 2004 New Conforming Loan Limit = $333,700
11/23/03 | Monthly Credit Score Update - November 2003
10/28/03 | FICO Score Estimator
10/25/03 | Monthly Credit Score Update - October 2003
10/01/03 | ShareBuilder Visa Platinum Card | (1)
09/24/03 | Eloan.com Credit Monitoring Service








This page was last rebuilt at February 09, 2014 08:28 AM PST. (317 Words)
  

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar

.
Error 500 - Internal server error

Error 500 - Internal server error

An internal server error has occured!
Please try again later.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)