Quote:
Originally Posted by Texas Proud
John... my BIL has been doing it for three years... and at a balance of $150K... and being stupid he put it in the stock market and made a killing..
Now is cashing it in and keeping it in MM and paying it off as the cards become due... kind of having to stop as the zero interest offers have dried up and even the 1.9 and 2.9 has stopped for him...
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The zero interest has not dried up, but the card companies have gotten smart and started charging 3% balance transfer fees. I am successfully stoozed to $40k worth until next May, but I may be reaching the end of the line. I don't really need the $1500 or so I get per year, but it does please me to stick it to the card companies.
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Be of good comfort, Master Ridley, and play the man; we shall this day light such a candle, by God's grace, in England, as I trust shall never be put out.
-- Hugh Latimer, 16 October 1555
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