Instant Credit Cards

If you play with my balance transfer credit cards were an Olympic sport, I took the gold medal. For 15 years I have played and mastered how to beat the credit card companies with their own weapons, it began innocently enough with a simple offer in the mail one day.

Transfer your high credit card balances to us, 0% interest for 18 months. No interest, really? I can do that. Now at some point I have not owned a credit card balance, but I was determined to be healthy. But what I would buy? I was pretty frugal and do not need anything at the moment. So I came up with the bright idea, I’d buy an investment. Now I’m not talking about some of the collection I was willing to bank higher value in the future. No, I was much too conservative for that. I knew that money makes money. So I need to invest in silver. But credit cards are only things to buy. Things that touch you and hold, or experience, could buy. You can not buy money. Faux.

The first thing I did was, for what is known as a convenience checks. These are the controls that you can actually write someone or themselves, and can be collected, such as money. Now back in the day, has especially my company credit card no fees for writing and cashing checks. It was free money. Well, not quite. Once the check is cashed interest clock starts.

While waiting to get on my exams, so I applied for my first 0% offer. I was quickly accepted (and I still had an excellent credit rating, mainly because of my OCD tendencies as for any other reason). The checks came shortly after, where I quickly wrote my first $ 5000. Put it in an envelope sent from my company, I quickly mutual funds in the request to $ 5,000 of XYZ, they have acquired.

I now had a credit card balance of $ 5,000. Then I contacted my new credit card company and told them that I have to take advantage of their 0% offer, they would please transfer my balance. I understand the monthly payment necessary to pay this off within 18 months, approximately $ 275 per month worked, he in my budget, and diligently started to pay off the loan.

If 18 months have increased, I was debt free again. So you know what, I did the same thing again. Only this time I have $ 10,000. Now lasted for 10 a little longer to pay and then, when the 0% expires on a map, I have it on another, then another, all in accordance with 0% all the time. Finally, this amount as well.

How is this fun. What if I did the same to some nice new furniture for the house, oh, and buy a hot bath … I could not take a holiday free of charge, and he went, and they quickly got out of control. I invited my credit cards and I to deal with things, and most sadly, I was not really worried about it. It was bought for all the 0% interest. Buy, buy, buy – pay, what, when it does not matter (although, as you have at least made the minimum payment, which is what I did). Well, at this point, I just put my card.

Then the credit card companies are lifted others. Not with me, well, yes me. I and all others who have been on this game and played with.

And they changed the rules for us ….

Suddenly he was no longer free convenience checks.

You want to make money you, it will cost you – slap: Here are the costs.

Transferring a balance, of course, we will give you 0% – blow, but we now want to transfer fees.

At first I was playing, according to their rules. I do not just use your checks for the convenience, so there. Your balance transfer fee, I can live with, which is really $ 25-50 a pop when I get a value of $ 10,000 risk-free interest rate for 18 months. So I started to play, collect more and more. And if the credit card companies see that they do not scare us, they throw the inserts. Transfer fees have begun on the total amount of debt you want to transfer are based. Now is the transfer of $ 10,000 would cost 1, 2-5% of the total.

Game Over for me anyway

There was no walk in the park now has it started to cost me, and I did not like it. And I look long at all what I did was, I knew it was time to leave that. So I set my eyes on the chaos to pay out leave as quickly as possible with the least amount of debris. Well, I had a whole lot that I had to do and I knew that whenever I had to move from company to company, it would cost me. So my husband and I decided (you did not know he was part of that equation, you see, do you even now), but we have decided we will take every bit of money then this could, as if you have a couple of times (this was very painful, mind you), we finally have to transfer retirement from the game.