Consumer Payment Card News

0%-2004

While the Feds keep the lid on short-term interest rates, now might be the ideal time to give your credit cards a little scrutiny. Some issuers are continuing to offer zero percent interest rates that stretch through next December. FleetBoston is offering a “Platinum VISA” with a balance transfer APR of 0% through next year, and Citibank is offering a 12-month 0% APR on its “Platinum Select MasterCard.” Chase is also currently offering a 12-month 0% APR for purchases and balance transfers on its “Platinum VISA” for applicants who qualify for the “Elite” or “Premium” level. The zero percent offers also extend to business cards. Bank One is offering a 5-month 0% APR on purchases and balance transfers for its new “Free Cash Rewards Platinum VISA Business.” Advanta is also offering a 0% interest rate through May, on purchases and balance transfers, for its new MasterCard Platinum Business Card With Cash Back.” Some of the 0% offers may only be available through invitation or to consumers with an impeccable credit history. But it’s worth a phone call to your current issuer to request a better deal for 2004.

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