With the holidays just around the corner, credit card issuers are gearing up with some great deals to ring Santa’s bell. At least four major issuers are dangling short-term 0% intro APRs in front of U.S.consumers while other issuers are offering low single digit APRs, smart cards and a jazzed up Titanium card. The new Fleet Fusion smart VISA offers a six month 0% APR for new purchases only. Providian’s Platinum VISA offers a 0% intro rate on new purchases and a 2.99% intro rate for balance transfers. Discover recently cut its Platinum Discover intro APR offer from 2.9% to 0% for purchases and 5.9% for balance transfers. Capital One’s brand new Kmart MasterCard is offering a six month 0% rate on Kmart purchases only. Despite a marketing pullback this year, First USA is hitting mailboxes with a newly revised Titanium VISA offer with a 1.9% intro APR that requires a balance transfer and a 3% balance transfer fee. The Citigroup Universal Platinum MasterCard is also alive and well with a 2.9% intro, good thru July, for balance transfers of more than $3,500, otherwise a 3.9% intro rate for balance transfer applies. Chase is offering a nine month intro rate of 2.99% on its Platinum MasterCard that applies only to balance transfers. Affinity card king, MBNA is heavily promoting its L.L. Bean Platinum VISA this season with a 3.9% intro APR that applies to cash advance check transactions or balance transfers. CT-based People’s Bank is offering a six month 4.9% intro APR on its Platinum MasterCard that applies to new purchases and balance transfers. Finally Bank of America’s Platinum VISA is promoting an 8.9% intro rate that applies to balance transfers until paid in-full and to new purchases for six months.
TOP 10 PRE-XMAS OFFERS FOR 2000 ISSUER PRODUCT INTRO PERIOD GO-TO 1. Fleet Fusion smart VISA 0% 6 mos. f11.99% 2. Providian Platinum VISA 0% 3mos. P+5.49% 3. Discover Platinum 0% 4/01 f14.99% 4. Capital One Kmart MasterCard 0% 6mos P+10.3% 5. First USA Titanium VISA 1.9% 5/01 P+5.90% 6. Citigroup Universal Platinum MC 2.9% 7/01 P+5.99% 7. Chase Platinum MC 2.99% 9mos P+5.49% 8. MBNA L.L. Bean Platinum VISA 3.9% 2/01 f16.99% 9. People's Bank Platinum MasterCard 4.9% 6mos. f13.90% 10. Bank of America Platinum VISA 8.9% 6mos P+7.9% f-fixed; mos.-months; P-Prime Rate Source CardWeb.com