Re: Are you a credit tart?
to do this you have to stay ahead of them...since all of us probably have a large purchase now and then that we might use a credit card to purchase...or say tuition...say $5000....and say you have the cash laying around to pay this off. You could take $5k and pay the bill....or you could make 3.5% on the 5k while you tart the 5K debt on 0% intro cards with no xfer fee. Say you get an offer for a 12 month 0% intro offer with no xfer fee and no annual. This 5K in a Emigrant savings account at 3.5% APY means approx $178 interest made in the 12 month that would not have been if the money was used to pay off the debt immediately. Since you have the cash, as soon as the gig is up, pay off the balance....of course make one late payment and maybe all the gains are lost...but that is why there is billpay..it should be impossible to miss a payment anymore.
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