Quote:
Originally Posted by Porsche-O-Phile
I agree with this in principle but it's actually not 100% true. If you're careful and pay attention to your card offers, you can effectively ensure that any balance you carry is 0.0% apr by taking advantage of balance transfer offers. If you're paying a dime in interest, it's too much.
But you have to be disciplined enough to keep on top of it and actually put time into researching/applying/transferring/tracking all this stuff. If you do, you can save a ton.
As with a lot of things, the price of doing nothing can get pretty steep. Lazy people pay interest.
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we have been..I get them and we use them..that has been very helpful in doing this...I take the balance transfered themn divide it by the time frame in weeks till it has interest(...subtract 3 for good measure) and then it gives me the payment amount i should pay...so i save the interest on that sum.