No payments for12 months, do you do it?

[dancinmama]

I used to take advantage of the 0% balance transfer offers (with no fee) from the credit card companies all the time. I had no balances on any cards; I simply wrote myself and check, deposited it into a MM account, and earned interest on it while making the minimum monthly payments. When the 0% expired I would pay if off and keep the interest that I had earned off their money in the money market account.

I hadn't seen a 0% balance transfer/no fee offer since the recession began and got (3)last week. I'm going to take a pass because the interest earned would be so low that it wouldn't be worth the hassle.

I wouldn't advise it for everyone, but one year when interest rates on savings were half-way decent, I made $4500 off the credit card company's money.