Chase Bank Giving Away Money?
 

I always get a slew of 'credit check' offers in the mail from banks, but usually the catch is a 'transaction fee of 3-5%' that brings the total rate to 4-9% depending on the offer. Today I got some unsolicited checks in the mail from Chase Bank offering me 0% on up to the limit of the card until February of 2014 with a maximum of a 1% transaction fee. Allowing people to borrow money for more than a full year at a total rate of 1% or less seemed too good to be true, so I called my branch manager to verify the offer and was told the offer is correct. $XX,XXX at 1% for 13+ months without me asking for it or applying for anything.

It would seem we are starting a new bubble of unsolicited consumer debt that undisciplined people will abuse until it balloons 14 months from now. :2 cents:

I haven't gotten does yet, I'm still getting the 3% transaction fee.

Getting a home in Florida still takes 3 months even with good credit, so it still isn't where it needs to be to move the current stock of homes here.

Once everyone starts getting 0% offers on credit cards and mortgages in 15 days, then we can talk about a Bubble.

I remember in the credit bubble days some banks sent me those 0% check offers with similar transaction % but went further by adding "or $XXX whichever is lower" now they probably add "whichever is higher" but the offer you got sounds pretty good for these days.

They offered me $500 to open an account with them, but their fees are ridiculous, so I passed.

A new Chase just opened up right next to the grocery store I normally shop at and they have a sign in the window offing $100 visa gift cards for opening a checking or savings account with a minimum of $100 balance and $300 gift cards for a checking/savings with a balance over $1000.

They must really want new customers.

A couple of years ago I got a letter in the main from General Finance. It had a check for $4500 in it. All I had to do was endorse and cash the check and that would act as me accepting a $4500 loan from them.

I didn't do it, because the interest rate was like $18% and I hate having debt, but I would guess a lot of people took them up on the offer.

Carry a decent balance and you'll never have a fee on anything from Chase.
Also Chase quickpay may completely replace Paypal as a fee-free alternative.

They do 0% for 12 months with 0% transaction fee, I got an offer like that in the mail, but you might be able to negotiate 0% transaction fee by just calling them... :2 cents:

I get these every month for every Chase credit card I have

I switched to them about a year ago and they seem to be really good for us so far. They seem to be cheaper than everyone else..

BofA charges me no fees; chase is nuts in comparison

I think they have been banned from sending out those cheques here.