Before I answer your question, please confirm with BOA that if you use the enclosed check and deposit $4,500 into your check account, the promotion rate will apply, not the cash advance rate.
Assuming the 0% applies and you only use one check to deposit the $4,500, the actual cost of this promotion is approximately $108 - the transaction fee of $90, compounded one year at an estimated normal APR rate of 20%. Unfortunately, your monthly payment will go towards paying off your 0% balance first, not the normal APR transaction fee.
Also, you will still need to make monthly minimum payments (anywhere from $60 - $200) to keep the good standing of the offer. Should you default on the loan, the promotional rate may be revoked by the credit card company.
这就是我的标红字的部分的疑问了。如果我借4500 ， cash advance fee will be 180, 我的问题是，那个“
with a $10 minimum and a $90 maximum per transfer or check used "怎么理解。也没有提到这是transaction fee 呀，
这个with是指两部分fee吗？还是如果我借4500,总共就是90的fee,那样10个月下来相当于2%apr也就是12月2。4%.
的确好费解。
到底是$108还是$180
我怎么没看到$180这个数字
我理解的是,如果你准备一次提$4500的话,CASH ADVANCE FEE是$90封顶啊
If there is one transaction (例如只用一张支票存$4,500), cash advance fee $90 封顶是对的。That is why the offer says “The Cash Advance Fee for this balance transfer offer is 4% with a $10 minimum and a $90 maximum per transfer or check used.” No need to read too much into the word “with”, it simply explains the cash advance fee. The cash advance fee is the same as the transaction fee as I referred above. These two words can be used interchangeable in these type of offers,
如果你用了三张支票 (例如每张$1,500)，那么 cash advance fee 有可能是$180。
$108是假设 cash advance fee 封顶 $90, 加上一年中$90的利息 (大概在$18，assuming the normal cash advance APR of 20%).
Does the above explanation make sense?
If there is one transaction (例如只用一张支票存$4,500), cash advance fee $90 封顶是对的。That is why the offer says “The Cash Advance Fee for this balance transfer offer is 4% with a $10 minimum and a $90 maximum per transfer or check used.” No need to read too much into the word “with”, it simply explains the cash advance fee. The cash advance fee is the same as the transaction fee as I referred above. These two words can be used interchangeable in these type of offers,
如果你用了三张支票 (例如每张$1,500)，那么 cash advance fee 有可能是$180。
$108是假设 cash advance fee 封顶 $90, 加上一年中$90的利息 (大概在$18，assuming the normal cash advance APR of 20%).
Does the above explanation make sense?
[此贴子已经被作者于2006-7-23 23:46:29编辑过]
If there is one transaction (例如只用一张支票存$4,500), cash advance fee $90 封顶是对的。That is why the offer says “The Cash Advance Fee for this balance transfer offer is 4% with a $10 minimum and a $90 maximum per transfer or check used.” No need to read too much into the word “with”, it simply explains the cash advance fee. The cash advance fee is the same as the transaction fee as I referred above. These two words can be used interchangeable in these type of offers,
如果你用了三张支票 (例如每张$1,500)，那么 cash advance fee 有可能是$180。
$108是假设 cash advance fee 封顶 $90, 加上一年中$90的利息 (大概在$18，assuming the normal cash advance APR of 20%).
Does the above explanation make sense?
谢谢Izzie，解释得太好了。
明天或者后天去银行，再把结果贴出来。
（你提到的封顶$90,如果按20% cash advance rate 会有$18利息，这样我就有一个疑问，
我能不能先单独支付了这个$90来省下这个$18利息呢？(我想如果我借了$4500，账户
上必然会有APR 为0的$4500和apr 为 20%的$90,还真不知道到时候按月付的话，会是个
怎么样的付账方法。）
[此贴子已经被作者于2006-7-24 0:06:37编辑过]
If there is one transaction (例如只用一张支票存$4,500), cash advance fee $90 封顶是对的。That is why the offer says “The Cash Advance Fee for this balance transfer offer is 4% with a $10 minimum and a $90 maximum per transfer or check used.” No need to read too much into the word “with”, it simply explains the cash advance fee. The cash advance fee is the same as the transaction fee as I referred above. These two words can be used interchangeable in these type of offers,
如果你用了三张支票 (例如每张$1,500)，那么 cash advance fee 有可能是$180。
$108是假设 cash advance fee 封顶 $90, 加上一年中$90的利息 (大概在$18，assuming the normal cash advance APR of 20%).
Does the above explanation make sense?
If there is one transaction (例如只用一张支票存$4,500), cash advance fee $90 封顶是对的。That is why the offer says “The Cash Advance Fee for this balance transfer offer is 4% with a $10 minimum and a $90 maximum per transfer or check used.” No need to read too much into the word “with”, it simply explains the cash advance fee. The cash advance fee is the same as the transaction fee as I referred above. These two words can be used interchangeable in these type of offers,
如果你用了三张支票 (例如每张$1,500)，那么 cash advance fee 有可能是$180。
$108是假设 cash advance fee 封顶 $90, 加上一年中$90的利息 (大概在$18，assuming the normal cash advance APR of 20%).
Does the above explanation make sense?
谢谢Izzie，解释得太好了。
明天或者后天去银行，再把结果贴出来。
（你提到的封顶$90,如果按20% cash advance rate 会有$18利息，这样我就有一个疑问，
我能不能先单独支付了这个$90来省下这个$18利息呢？(我想如果我借了$4500，账户
上必然会有APR 为0的$4500和apr 为 20%的$90,还真不知道到时候按月付的话，会是个
怎么样的付账方法。）
You may want to read my replies on the thread titled "Anyone knows debt consolidation".
http://www.huaren.us/dispbbs.asp?boardID=336&ID=222496&page=1
As for payment allocation, you have no choice regarding what portion of the payment should be applied to what portion of balance. Watch this --- The payment is applied toward low interest balance first, and then high interest balance. As long as your 0% $4,500 is not paid in full, your $90 cash advance fee will still be subjecting to the high cash advance rate.
After all, your effective interest on the $4500 loan for a year only approximates 2.4%. Not a bad deal at all.
到底了
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