Hmmm...* Back in October I took them up on this deal.* I did an $18,000 "balance transfer" to my mortgage, and then got 0% for the life of the balance as long as I make at least one purchase a month.* There was no minimum purchase amount--like Justnot said, a pack of gum will suffice.
For me, it means I'm saving a little over $200 a month on my mortgage (the $18k pushed my equity to the point where I no longer have to pay PMI, and I save a bunch on mortgage interest).
But, I now realize there's potential here for me to get worked over if my new monthly purchases are not very small.* I hadn't realized this when I first signed up for the deal.* So I'm not getting killed on this deal (and probably won't, because I can pay it off fast), but there's potential for it to happen if I'm not careful.* I am definitely feeling betrayed and stupid.* My own fault, really.
I need to make sure I keep my new monthly purchases very small.* Can anyone think of a way I can get someone to charge my credit card super small amounts (i.e., a few dollars, or less) a month?* I don't know of any utilities that will do it.* I thought signing up for some kind of automatic monthly charitable donation.* I just don't want to have to remember to buy a pack of gum with my Discover Card every month.