[quote=flu]
And you thought leveraging your credit card is a bad thing :)……[/quote]
Yeah, I guess in that scenario these people will literally make out like bandits!
[quote=flu]
Most people won’t get the 0% offers. One they go to the approval process it will end up being closer to 20%, if they have any sort of ding on their credit file.[/quote]
I’m not sure what % of people are getting these offers. Actually the ones I’m getting aren’t even anything to get “approved”. Citibank is literally always mailing me out actual checks to use up to my credit limit on this one card. And it’s 0% it says until it’s paid off. Not only that but it says that any purchases I make with the card for the next 6 months will also be at the 0% rate if I take advantage of this offer. (so obviously they are trying to push people to use these).
Fee says $5 or 3% of the amount of each check (whichever is higher).
I always just throw these away. I’ve had credit cards since I was 18 with them and always have received them but I don’t ever recall them being 0% until paid off including any purchases after the check is used.
Now I’m curious how many people use these things….
