I was filing away the big stack of paperwork that had accumulated on my desk, and came across the BT checks that Citi sent me with my DC card. The instructions say that you can use them to pay off a high interest card, or for deposit into your bank account to use for whatever you'd like, 18 mon. 0% APR.
Currently, the 2% rewards make the DC my gen. spend card, and the limit kinda relegates any return to 'not worth the hassle' territory, but is the "use for whatever you want" part of the offer pretty standard across the industry?
I mean, in a few years, with a little luck and careful planning, it wouldn't be unreasonable to attain a $50k revolving line. If I kept the util down to sub-50%, I could dump $24k into a 1.25% APY CD with a 12 month term. That's $300 after 12 months. Then, assuming I use a card with a 2% min. payment, the difference between the remaining balance on the CC and the value of the CD at the end of the year works out to $5466.80, or $33.20 shy of the max yearly IRA contribution I can make, $300 of which is free money (assuming I actually put it into a tax-advantaged account).
