Quote:
|
Originally Posted by emnah94
I got a CC offer in the mail the other day for the BofA Visa Platinum, 0% APR for 12 months, no balance transfer or annual fees. I read and re-read the offer and understand that if I pay late, go over my limit, or close the account, I will lose the 0% APR (which I have no intention of doing).
What's the best way to go here?
|
Losing the 0% is not the worst that will happen.
if you do anything of these things, they can notify all of your creditors, and all of your accounts can be affected. New law, and not much is being posted here about it, but ANY problem on one account WILL likely effect other accounts. They can close them, raise your rates, shut down other credit, etc.
Is there a penalty for transfering or closing the account during the 12 months? Most cards with these special offers do, usually around $75.