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I stand corrected
Old 04-10-2005, 12:02 PM   #1
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I stand corrected

Recently I opined that the -0-% APY credit card offers were drying up. One of the regulars (sorry, forgot who)
said there were still plenty available. I have many many cards and a huge credit availability, but decided to test
this. Shazamm! I picked one out and applied on line.
Approved on the spot, so this means more cash flowing
into my MM funds. Is this a great country or what?

JG
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Re: I stand corrected
Old 04-10-2005, 01:38 PM   #2
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Re: I stand corrected

When I grow up I want to be just like JG!!
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Re: I stand corrected
Old 04-10-2005, 02:54 PM   #3
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Re: I stand corrected

are you going to set up a ghost cd ladder with CC companie's money?
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Re: I stand corrected
Old 04-10-2005, 04:03 PM   #4
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Re: I stand corrected

The advantage of getting 0% interest rate credit cards is simple; you can use the lender's money for free. There are, however, several things you should understand before you get 0% interest rate credit cards.

* Virtually all 0% interest rate credit cards offer no interest for a limited amount of time, usually 6-12 months.
* Some of these cards do not allow you to transfer balances from high-rate interest cards during the introductory 0% offer period.
* Some 0% interest rate credit cards charge very high balance transfer fees such as origination fees of $50.
* Some of these cards also carry very high penalties for late payments and automatically switch you to a variable APR rate for a late payment.
* Some 0% interest rate cards charge very high interest after the introductory period.
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Re: I stand corrected
Old 04-11-2005, 05:19 AM   #5
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Re: I stand corrected

Hello GD-ER. I happened to notice the other day that at
the peak of the -0- % APR frenzy I had 117K
outstanding on my credit cards. Man, it was raining
money

JG
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Re: I stand corrected
Old 04-11-2005, 10:29 AM   #6
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Re: I stand corrected

I was mentioning this thread to my step-mom this weekend, she was saying her CC treated those checks as cash advances, had fees etc. associated. Knowing you wouldn't put up with that JG, I said I was sure that wasn't the case with your plan, have you had to do anything special with these cards to avoid the fees?
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