Originally Posted by
itchyfeet123
That's a good point. If my math is right, and using a 3% BT fee 0% APR card as comparison, you pay a smaller amount above the principal with the 4% APR if you pay in full in 17 or fewer months. At 18 months the 0% APR becomes a better deal.
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In round numbers, let's say it's $3500 at maturity this summer. Goes to 19% thereafter.
Having no access to a long term 0%, 3% fee at the moment, how does this shape up with 4% APR for 24 months vs a 0% (with fee) for 12 months if I find such an offer? Or does this require a specific payment amount every month to know for sure?
BTW, I plan to offset some of the expense of the APR or the fee by using a $100 bank account bonus I obtained during a BF promotion for an online checking account. It took over 50 days to obtain but Cap 360 kept its word! And, I got free checks to liquidate my opening deposit.