Anybody here play the balance transfer game?

[HS Lifter]

For example: Have a certain amount of debt.

Apply for a 0% APR card, transfer balance. When that offer is up, apply for another, etc.

Some people take the 0% money and put into a 4%+ savings account and earn interest on free money(then pay off once offer is up).

Some people just want a 5 year 0% loan. LOL.

 

[chewyxrage]

Haven't done it but thought about it. I'm carrying about $1,000 balance over from last month. So far finance charges have only been $15.

 

[musclemom]

Well, something similar, I rescued my husband (before he was my husband) out of frighteningly deep debt by doing the "credit card bidding game" call company A, ask them what deal they'll offer, call company B, ask THEM ... yadda yadda. So maybe this company offers you 0% APR on the balance transfer for the first six months then it goes to 13%, but THIS company is willing to offer you a 3.5% interest for the life of the balance ...

Unfortunately all the cards we have now have very low interest rates (or great points offers) and charge you a percentage when you borrow money so that one doesn't work anymore ...