Here is how you do it.
Also, known as 'introductory offers'.
The best are offers with zero interest rate.
Shred the rest away.
While you are unaware, thieves are charging on your name.
I like the shredders that do diamond cuts because they break it down into small pieces that practically no one can piece together.
After you get the 0% offers.
Shred the ones that have cash advance fee.
Most have started asking for 3% cash advance fee.
Now you will be left with one or 2 good offers with 0% interest with NO cash advance fee for 6 or 12 months.
Take that money and put it in a safe place like a separate money market account.
Every month your credit card company will bill you for generally 1% of the borrowed money.
If you don't pay, the interest rate instantly jumps to the current rate of some outrageous amount like 16-24%.
Or you might forget when the full amount is due and again they 'get you'.
Do not charge anything on this credit card because everything you pay first applies to your charges and not towards your cash advance.
You will be surprised that you now have a good chunk left over in your account free and clear.
You borrowed money from credit card company at zero cost.
All the time you had their money, you were earning interest on their money.
If you borrow your full credit line say $10k to $35k you can have a good chunk of money.
Ask them to send you more offers like that!
.
0 comments:
Post a Comment