With today’s anticipated interest rate cut, some credit card issuers are already extending their rates beyond a full year. This month, Fleet Bank has unleashed a “Platinum VISA” with a 0% APR on purchases through September 2004. But, Fleet requires cardholders to transfer a balance of at least $100 to trigger the 0% rate for purchases, according to CardWatch (www.cardwatch.com). (The balance transfer APR for the “Fleet Platinum VISA” is currently 8.9%.) Citibank continues to offer at least a 12-month 0% APR on balance transfers. Citibank is also currently offering a 0% balance transfer interest rate good through August 2004. Other top issuers offer at least a six-month 0% intro APR, according to CardWatch.
0% APR OFFERS - Jun 03 ISSUER APPLIES EXPIRES Citibank Bal Trans Aug 04 MBNA Cash & BT Apr 04 Bank One Purch & BT 6 months Discover Bal Trans Mar 04 Chase Bal Trans Jun 04 Capital One Purchases Dec 03 Am Express Purchases 6 months Providian Pur & BT Jan 04 Household Bal Trans Dec 03 Fleet Purchases Sep 04 Source: CardWatch (www.cardwatch.com)