4.90% on balance transfers for 4 years.ConsWill tell you anything over the phone just so you’ll want the card.Full Review If it sounds too good to be true, 99.9% of the time it isn’t true. Three weeks ago a male Discover Platinum Card representative called. I usually don’t listen to calls like these.
The representative speedily said, “You get 0% interest on purchases for 4 years.” I said, “no way.” I asked him 3 times in the conversation if it was true about the 0% interest on purchases for 4 years. He said, “it’s most definitely true, you get 0% interest on purchases for 4 years.” The Discover Platinum Card representative also said, “you get a low 4.90% on balance transfers for one year.” When I get my card in the mail the information goes as follows. Purchase rate is 0% on purchases until March 2007 and after that the interest rate goes up to 13.99% which is way too much. Balance transfer rate is 4.90% until Sept, 2010. **I agree that 4.90% on balance transfer is a good rate for 4 years.
* I’ve never had a huge balance amount on my credit card. In other words, I don’t need to transfer a huge balance to another credit card. Since most cards have a 25-day grace period, what I usually do is make purchases and pay off the purchases before the grace period ends. Therefore, I believe the representative gave me false information in order for me to sign up for a Discover Card. Discover Platinum Card makes a big deal out of their cash back program. If you buy from their affiliates, you get 5% back on purchases. If you buy from any other company you only get 1% back on purchases. I had a credit card that paid 2% on purchases previously.
I only received$1.35 in one month with several purchases. A person really doesn’t accomplish much with these cash back programs. Make one late payment and there goes all the money you made on the cash back program. I haven’t activated this Discover Card yet. I probably will cut the card up and send it back. I just don’t like being told what interest rates, time periods, etc. I’ll get on a card, and get the opposite of what they told me on the telephone. If the Discover Card representative would have told me, I just want you to sign up for this card no matter what.
I would’ve told him no. I called the Discover Card Company, but I don’t have time to be put on hold all day and listen to easy listen music. I e-mailed Discover Card, and I haven’t gotten any response from them. I sent Discover Card a nice letter, and they have had time to send me a letter back. I still haven’t received any mail from them. This already tells me to cut the card up if their customer service is this bad. I should’ve recorded the conversation I had with the Discover Card representative.
I got a call from another Discover card representative offering me$20.00 and two months 0% interest on purchases, and after that 13.99% interest on purchases and balance transfers. I told them no way.
I got a letter from Discover card yesterday claiming I could get 0% interest for life on my balance transfers. There is a catch though. I have to make at least two purchases a year. A 11.99% interest rate on purchases. Cash advances is a whopping 20.99%. I think Discover really wants my business.Thanks for reading and rating. Ron