I just recently transferred over $15k onto a credit card that will give me 0% for the next 18 months! I should be able to pay of the entire balance by the time the intro rate expires. Just to be sure, I have already noted on my calendar when the rate expires so that if I do still have a balance, I can either pay it off or be able to secure another 0% rate. This "game" is not for those who have trouble paying any bills. As we all know, the default rate zooms up to 30% or more if you miss a payment on any bill during the intro rate. As a matter of fact, I just printed up my credit reports and I noticed that my current credit card companies have been checking my credit every month just looking for a reason to raise my rates! I have heard that they do check once in a while but according to my reports, they are checking every single month!
If you are going to get into the 0% credit card game, you better be on your toes. I have been both smart enough and lucky enough to play the game correctly for the past few years. Once I pay off the existing balance, I don't think that I will be my cards again! I haven't used a credit card for purchases that I didn't budget for in over a year!
