Prime Minus 0.5%

[justwannabeadoc]

Has anyone been able to get this from TD for their LOC?

[RicardoKaká]

Interested in this as well about TD. I am meeting them tomorrow so I will let you know what they offer me!

[JohnGrisham]

I asked about this earlier in a different thread - but have people started to hear more about prime mins 0.5%?  It was already very new to see prime minus 0.25%!

[rmorelan]

I asked about this earlier in a different thread - but have people started to hear more about prime mins 0.5%?  It was already very new to see prime minus 0.25%!

 

gezz you are right we just got the prime -0.25% which was amazing. 

 

let us know - it would be very odd to adjust it that fast as still not everyone has the 0.25% yet so we are still in a situation where some banks have a competitive advantage. 

[Waves]

As far as I know it doesn't actually exist. One user here talked about it which sent everyone in a frenzy, but his application got denied so I don't think any bank will actually offer and successfully get it to go through. If it does though, let us know.

[justwannabeadoc]

@RicardoKaká I called today and they told me prime + 0.5%

I was like that's not competitive at all and they're like we can do prime - 0.25%

If you could let us know what they tell you that'd be great

[Snowmen]

@RicardoKaká I called today and they told me prime + 0.5%

I was like that's not competitive at all and they're like we can do prime - 0.25%

If you could let us know what they tell you that'd be great

 

I'd tell them to go to hell the moment they try to pull a quick one and get you to sign for prime + anything, to be honest.

[JohnGrisham]

@RicardoKaká I called today and they told me prime + 0.5%

I was like that's not competitive at all and they're like we can do prime - 0.25%

If you could let us know what they tell you that'd be great

Trying to trick unsuspecting premeds. Either a very unaware advisor, or sneaky - because how did they know then to counter with prime - .25?

[justwannabeadoc]

Trying to trick unsuspecting premeds. Either a very unaware advisor, or sneaky - because how did they know then to counter with prime - .25?

 

I was like "all my friends have said they're getting prime - 0.25" lol

[rmorelan]

I'd tell them to go to hell the moment they try to pull a quick one and get you to sign for prime + anything, to be honest.

 

ha just posted on how this is a long term relationship. An appropriate level of trust is important (definitely not too little, but not so much that you aren't fully controlling what is going on). 

 

Honestly I would have walked away if someone pulled something like that as well. I don't have time for games, and I believe in arming myself with information to protect myself from stuff like that. Now people can make mistakes but +0.5% is a big, big mistake. 

 

Leave sleazy car salesmen tactics to sleazy car lots. The interaction above all else should be professional.

[aray623]

I've been trying to find the table that's been floating around the forums of the perks of all the banks and LOC's. Does anyone have it handy?

[MountainAmoeba]

I'm just signing one this week.

 

Should I expect to be able to bargain for prime -0.25%?

[rmorelan]

I'm just signing one this week.

 

Should I expect to be able to bargain for prime -0.25%?

 

yes. 

 

but not bargain....more like demand and if not walk. It's just that simple. 

[JohnGrisham]

√ most places have prime minus 0.25. So if they aren't giving you it go elsewhere

[Incisor94]

Anyone going with Scotiabank? What perks have you been able to negotiate aside from the interest rates?

[RicardoKaká]

Willing to give me Prime  -0.25%, Platinum Travel Visa Card, all inclusive day to day chequing account and a free BOOM 2 Waterproof Wireless Bluetooth Speaker.

 

Doesn't seem like a bad deal, and I am with TD already so makes things convenient.

 

Said it would take ~1-2 weeks to setup and have access to my funds. 

[Goku]

The package TD offers seems very competitive. I just finished meeting with Robert at the Fairview Mall TD; he's great if anyone is shopping around.

[FeelingTheBern]

The package TD offers seems very competitive. I just finished meeting with Robert at the Fairview Mall TD; he's great if anyone is shopping around.

 

 

What does TD offer besides the -0.25 prime?

[JohnGrisham]

A little 20$ portable speaker presumably haha

[FeelingTheBern]

Willing to give me Prime  -0.25%, Platinum Travel Visa Card, all inclusive day to day chequing account and a free BOOM 2 Waterproof Wireless Bluetooth Speaker.

 

Doesn't seem like a bad deal, and I am with TD already so makes things convenient.

 

Said it would take ~1-2 weeks to setup and have access to my funds. 

Aww totally feel like I got the short end of the stick... Got the gold amex travel card + gold visa and no waterproof wireless bluetooth speaker...

 

:'(

[kol26]

Willing to give me Prime  -0.25%, Platinum Travel Visa Card, all inclusive day to day chequing account and a free BOOM 2 Waterproof Wireless Bluetooth Speaker.

 

Doesn't seem like a bad deal, and I am with TD already so makes things convenient.

 

Said it would take ~1-2 weeks to setup and have access to my funds. 

 

I work at TD so these mof*ckas better give me the same offer lol I already have the First Class Travel Visa and the All-Inclusive Checking account, gonna go sit with an advisor this week to open up the LOC. They get crazy sales for opening that, so I know they would be more then willing to do it. I hope as an employee I can get a super competitive interest rate, even though yours sounds pretty spectacular already. 

[FeelingTheBern]

I work at TD so these mof*ckas better give me the same offer lol I already have the First Class Travel Visa and the All-Inclusive Checking account, gonna go sit with an advisor this week to open up the LOC. They get crazy sales for opening that, so I know they would be more then willing to do it. I hope as an employee I can get a super competitive interest rate, even though yours sounds pretty spectacular already. 

 

What do you mean by crazy sales? Is it like commission?

[Incisor94]

Aww totally feel like I got the short end of the stick... Got the gold amex travel card + gold visa and no waterproof wireless bluetooth speaker...

 

:'(

 

Yeah Scotia is giving a similar package to TD...not much different tbh and I've personally found more flexibility in perks with Scotia.

[med_dream]

Had a meeting with RBC - offering only prime, not -0.25% (barely sat through the whole thing after hearing that). Met with TD as well and yes they are throwing in the Bluetooth speaker, until Oct 31 this year I believe. I asked the advisor about negotiating for Prime-0.5 and he said: if there is a letter frm another bank saying they will offer this then he will try for it..I don't think the P-0.5 is true. Meeting with Scotia in the near future- What are everyone's thoughts on the visa cards offered by TD vs. Scotia? Is Scotia better in that regard?

[kol26]

What do you mean by crazy sales? Is it like commission?

 

It's not necessarily commission per say, it's more of the fact that they're creating a long-term customer which generates a huge amount of volume for them, and for TD. So they have sales goals they have to meet, and by getting someone to sign up for a 275,000 LOC, TD will make a crap load of money in the long run, and that advisor will get all the 'credit' for that.