@OnTheRebound wrote:I carried a $8K balance on my Citi card at 0%/18 months with minimum payments only. PIF on the 18th month before the promotion expired. No problems.
I agree with this, before I made the purchase of my Bushmaster I called my CC to let them know, well 3 days later my wife got into a car crash and I added $1,100 to the $700 I paid and informed them. Did I have to do this? No, but I told them I just wanted them to be awere I was. All you can do with 0% intrest cards is remember, you have to pay it back, it's not free money. I could wish it was free all day buts a fools dream 
lol.
@Closingracer99 wrote:
@lg8302ch wrote:
@SnackTrader wrote:I have 6 credit cards. I have never paid a cent of interest on any of these cards. I have received a CLI on every card except for Chase (they use HPs for CLI) and have never once received AA. Credit Card companies make money off of every purchase you make with the card, so carrying a balance and paying interest is not the only profit center here. My advice would be to NEVER carry a balance, go along your merry way, and say to hell with any company who can't deal with your way of doing business. There are many other fish in the sea. Plus, since the 6 cards in my wallet come from some of the most highly sought after card issuers, my guess is that most people would survive just fine and accomplish nearly all their credit goals following that advice.
Remember, long term financial health comes from minimizing debt (or at least using it opportunistically) rather than from using it to gain status.
+1
use the credit cards like debit cards and get yourself the rewards
Where is the fun in that when you have 0% APR
Other question... where is the fun when you know that you still have bills to pay later on? That means stress for me and I much rather get it over with who knows what is coming up later on and I might not have the funds anymore to pay ...lol
@lg8302ch wrote:
@Closingracer99 wrote:
@lg8302ch wrote:
@SnackTrader wrote:I have 6 credit cards. I have never paid a cent of interest on any of these cards. I have received a CLI on every card except for Chase (they use HPs for CLI) and have never once received AA. Credit Card companies make money off of every purchase you make with the card, so carrying a balance and paying interest is not the only profit center here. My advice would be to NEVER carry a balance, go along your merry way, and say to hell with any company who can't deal with your way of doing business. There are many other fish in the sea. Plus, since the 6 cards in my wallet come from some of the most highly sought after card issuers, my guess is that most people would survive just fine and accomplish nearly all their credit goals following that advice.
Remember, long term financial health comes from minimizing debt (or at least using it opportunistically) rather than from using it to gain status.
+1
use the credit cards like debit cards and get yourself the rewards
Where is the fun in that when you have 0% APR
Other question... where is the fun when you know that you still have bills to pay later on? That means stress for me and I much rather get it over with who knows what is coming up later on and I might not have the funds anymore to pay ...lol
Well considering the min payment is $35 a month as long as you don't add more debt on top just pay at least $35 (Probably the most you possibly can) and you should be fine ..
