Chase Freedom 0% APR Loop

[Yankee2]

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@Citylights18 wrote:

Not many play the 0% APR game but with the Chase Freedom line (Flex, Unlimited) its possible to keep a continuous 0% APR daily driver going.

1) Start with either the Flex or Unlimited and the 15 month 0% offer.

2) Pay the Freedom card off at 14+ months to expiration.

3) After 15 months apply for the other Freedom card for 0%.

4) Pay the second Freedom card off at 14+ months to expiration.

5) Close the first Freedom card to be able to reapply for it.

6) Reapply for the first Freedom card after 30 months.

You need 24 months to be able to qualify for a new SUB with chase and do the dance all over again.

If the plan is to put home renovations on it I'd probably get a separate card, SUB for that. But for daily driver spend I could see it working when you can put the saved money into a CD at 5%. That is like getting a second SUB out of the card IMO.

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I have been doing this with my Chase card since October. I put each month's spend in a 6 month Treasury bill. After 6 months, the treasury bill money will be automatically deposited in my account and will use that for that month's payment. I'm putting about $2,500 a month on the card, so after a year or so (just before the 0% ends) I should have made about $700 or so just in interest. (not counting the $200 SUB I got opening the card)

[Blender]

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@Citylights18 wrote:

I'm to the point where I'd rather take the 0% APR offer over the SUB if I had to make that decision.

I know 0% APR doesn't sit well with mindsets on this board who are super conservative with money.

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I'm with you on this as well lol I've refrained from asking practical questions here knowing that's likely the response/ argument about to take place lol

[pizzadude]

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@Blender wrote:

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@Citylights18 wrote:

I'm to the point where I'd rather take the 0% APR offer over the SUB if I had to make that decision.

I know 0% APR doesn't sit well with mindsets on this board who are super conservative with money.

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I'm with you on this as well lol I've refrained from asking practical questions here knowing that's likely the response/ argument about to take place lol

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I didn't realize there was that much of a hivemind here at myFICO on the subject of free money   ?

I'll take 0% offers all day / every day as long as they'll keep throwin em at me.

[Namaste7]

Nice strategy.

Right now, my go to is rotating between Discover 12-month 0% APR promotions on an existing account, and then applying for a new Amex of BofA CC in month 12, giving me approximately 24-27 months of 0% APR.

[CYBERSAM]

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@Blender wrote:

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@Citylights18 wrote:

I'm to the point where I'd rather take the 0% APR offer over the SUB if I had to make that decision.

I know 0% APR doesn't sit well with mindsets on this board who are super conservative with money.

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I'm with you on this as well lol I've refrained from asking practical questions here knowing that's likely the response/ argument about to take place lol

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So you are afraid to ask questions, in case you may not like the answers! 🤔🙄