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By Valery
On 08/05/02
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What if I don't need $50,000 credit limit. I only want to use this card for a small home startup business and only need $5000 limit and already have excellent credit. I want my credit rating to stay high and already have 2 other cards (with no monthly balance ever left; home, cars all paid off) so I don't want a high limit. This card would just help me keep track of my business exp.
Also, the 8 months 0 percent interest - does that apply to purchases for 8 months and what would be the minimum montly payment, say on a $600 - $1000 purchase in the 1st month?
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By colin
On 08/09/02
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If you are accepted for a card with a $50,000 credit limit, you can always call Discover up and request that your available credit be reduced to $5000. The minimum monthly payment is 2% of your account balance and the 0% applies to balance transfers and new puchases. Good Luck!
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By donnie
On 12/05/02
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Colin is correct on the discover card. Be sure to get that min paymnt in though during the promo offer If you are late making a payment that the apr for purchases will apply to the statement that the late payment was not recieved. If you want the easy way we figure min payment when I am on the phone take the balance and divid by 50 that is 2%, 1/50th. I find that much easier
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your questions are answered by the gromco team and card users like you
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