beware of 5% discount
Mar 26, 2006, 4:25 am
#1
Original Poster
Join Date: Jun 2004
Posts: 37
beware of 5% discount
chase continental gives you a 5% discount on purchase of a ticket but that might cost you big time.i did a 18,000.00 balance transfer at zero percent.if i make a purchas ei get charged 22.49% percent.all payments get applied to the zero interest first,so till i pay off my balance transfer i ould pay 22% interest which wips out my 5% discount.
Mar 26, 2006, 4:58 am
#2
Join Date: Feb 2003
Location: Hudson Valley, NY USA
Posts: 279
I never do balance transfers on to credit cards that I may use. Defeats the purpose.
Mar 26, 2006, 5:50 am
#3
A FlyerTalk Posting Legend
Join Date: Apr 2001
Location: PSM
Posts: 69,232
This has nothing to do with the 5% discount. It has to do with you have 18K in CC debt and not knowing how CCs apply the payments (which might explain why you have 18K in CC debt).
Mar 26, 2006, 10:10 am
#4
FlyerTalk Evangelist
Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus
Posts: 35,437
The 5% discount works just fine. As noted above, your issue is with how credit card companies apply payments. Reading the fine print really is important. You didn't think they'd float $18k at 0% out of the kindness of their hearts, now did you?
Since this really has nothing to with Continental I'm going to close the thread.
Xyzzy
CO forum moderator
Since this really has nothing to with Continental I'm going to close the thread.
Xyzzy
CO forum moderator
