Need a Loan? You Don’t Have to Go to Prosper
Just apply for this credit card and get a low rate loan till 2011.
From the application page, the card has a balance transfer fee of 3% of the transferred amount, with a minimum of $10 and maximum of $75. In formation on FatWallet also says there will be a $60 bonus after the first $500 purchase. However, I wasn’t able to find it on the card application page.
This seems to be a good deal for a loan of 3.99% for three and half years and I am considering getting one to pay our car loan which still has more than $20,000 balance at 4.99% due in three years. However, I am not so sure if my application will be approved or not due the large amount of credit card balance I have now (more than $50,000). In addition, Discover seems to allow only two cards for each member and I ready have two (the last time when I applied for the Miles card, I had to close one). Another issue is credit limit. For the Miles card, I was initially approved for only a couple of thousands and when I asked why the line was so low, they told me the combined limits on all my cards can’t exceed $12,000. Eventually, I got $10,500 for the Miles card and $1,500 for an old card after redistributing the total credit line. The benefit could be very small if I can only get $12,000 credit limit.
Anyway, if you are interested in taking advantage of this offer, use this link and invitation code FFUT to apply for the More card. Read carefully the terms, especially the promotional rate and period before submitting your application.
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