No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
My parents recently got BT checks from Chase, offering 0% for 15 months with a 2% fee. The current balance is ~$4K, CL is 7200. They have some extra money in the account that will be gone in about 2 months, but I was thinking of putting the extra cash to use while it's sitting in the bank. Would they be risking AA if they paid off the balance, then wrote themselves the BT check for it? Their checking account is not with Chase.
Wouldn't it just make better sense to pay it off, then recharge on the card? You won't pay the transfer fee and you will earn the rewards on the purchases. This seems like a better strategy than what you have in mind and it serves the same purpose with much less cost!
@bernhardtra wrote:Wouldn't it just make better sense to pay it off, then recharge on the card? You won't pay the transfer fee and you will earn the rewards on the purchases. This seems like a better strategy than what you have in mind and it serves the same purpose with much less cost!
This only works if the card is under a current 0% purchase intro APR.