[emon87]

So i got a Discover card a couple months ago. I just realized that it came with an introductory 0% APR for a year (expires 02/08). Well, I think it does anyway.

The statement says:
Standard Purchase rate: 17.99%
cash advance rate: 20.99%
Introductory Purchase rate: 0.00% ** expires 02/08**
Balance transfer rate: 0.00% ** expires 02/08**


Now, I think I can just transfer all my balances from my other credit cards onto this one up to the limit and just pay the minimum without penalty, right? (OR i could just make all my purchases with the discover for a while). That way I make 5% for an extra 8 months.

I just want to make sure I'm not gonna screw myself here. I know that carrying a high balance will pull down my credit score while I do this, but that doesn't matter, as it will shoot back up as soon as I pay off the card right?

Also, it sayd they expiration date is the "Last day of billing period during the month/year indicated" That means I should pay it off BEFORE the end of the cycle during February 2008 right?


Thanks.