Credit opportunities after purchasing

[Bill1065]

Back in 1993 I purchased a new Camaro, financing it with about $15,000. After doubling the payments for a number of months I managed to get it down to owing about $10,000. An offer came in the mail from Capital One for a balance transfer of up to $12,000 with an APR of 2.99%. Naturally I took the offer and thus got the title to the car by transferring the balance. Please notice Capital One was not interested in holding the title to the Camaro, all they wanted was to get the balance transfer.

A few days ago I realized I had too many cards with no charges on them so I decided to call the companies and get rid of them. This one particular card had a credit limit of only about $3000. Upon calling to axe the card the lady quickly switched me to a "finance specialist" which offered to raise my credit limit to $14,000 and give a balance tranfer of 1.99 APR for that amount with no balance transfer fees. This APR is good untill the entire balance is paid off. I intend to pay off my Hummer H3 with it. The reason is simply to avoid the 5.49% APR of the H3 loan and get the title free and clear. Just wanted to give a heads up to those with good credit; even after the deal there are ways to save a bunch of money on your car loan. Mentioning the Capital One 2.99 APR led the Rep to say he can go 1 point lower, which he did, to 1.99 APR. You never know what opportunities are out there just waiting to be taken. All it takes is a phone call...

I have yet to get a bill from Chase for the Hummer loan. When it comes I can get the account number for the loan and start the balance transfer. Will keep you posted on how it turns out if anyone is interested.