Quote:
Originally posted by gavinlit
Use two cards. Purchase on one, wait for your one month interest free then do a balance transfer over to another. Over here there's plenty of companies offering a 6 month interest free period on balance transfers. This way you effectively get 7 months interest free. If you want to be unscrupulous just keep transfering the balance to a new company every 6 or 7 months. When you get sick of this you could take out a personal loan to cover it.
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Unscrupulous? I'd call it good business. If a credit card company wants to offer me 0% on a balance transfer of a significant amount, I'll be glad to take them up on it. They'll take you any chance they get, so if I get an opportunity to do them first, I'm in.
Last May, I found the Targa that I wanted before I sold our Harley ("suggestion" from the wife) and was able to write a check on one of my cards that offered 0% for 6 months on checks and balance transfers. I hadn't sold the Harley by last November (I was really trying), and I wrote a check on another card that offered 0% on balance transfers until this October.
Net result is I've owned the Targa interest free, save for $150 in check fees. And the monthly payments have been low, since the new minimum payment requirements are based on accrued interest, currently zero, for the period, and only 1-2% on principal.
Anyone want to buy a Harley Dyna Wide Glide?