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#1
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bank of america CC offer i recieved
1.9% APY on everything including cash advances till June of 08
this is free money and i should take this, no? i read the terms and don't see any catches(assuming no payments are late). that being said, i figured i would check before just getting another line of credit that i probably wont use. i can assume risks and would probably put this in the market over that time period. |
#2
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Re: bank of america CC offer i recieved
Make sure you don't use 100% of the credit and make the monthly payments [img]/images/graemlins/smile.gif[/img]
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#3
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Re: bank of america CC offer i recieved
yeah on surface that seemed like only risk, but i wanted to see if there was more. i dont 'hustle' crdit cards on the norm.
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#4
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Re: bank of america CC offer i recieved
[ QUOTE ]
yeah on surface that seemed like only risk, but i wanted to see if there was more. i dont 'hustle' crdit cards on the norm. [/ QUOTE ] I think 80% is the suggested limit to use. You can transfer credit from other cards onto the new one, most likely, to increase the amount of $$ you can invest. |
#5
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Re: bank of america CC offer i recieved
[ QUOTE ]
[ QUOTE ] yeah on surface that seemed like only risk, but i wanted to see if there was more. i dont 'hustle' crdit cards on the norm. [/ QUOTE ] I think 80% is the suggested limit to use. You can transfer credit from other cards onto the new one, most likely, to increase the amount of $$ you can invest. [/ QUOTE ] i'm pretty sure sublime isn't a moron, which means he doesn't have (high interest) credit card debt to transfer |
#6
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Re: bank of america CC offer i recieved
yeah i have zero cc balance. i want to add some good balance though (like the above).
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#7
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Re: bank of america CC offer i recieved
[ QUOTE ]
[ QUOTE ] [ QUOTE ] yeah on surface that seemed like only risk, but i wanted to see if there was more. i dont 'hustle' crdit cards on the norm. [/ QUOTE ] I think 80% is the suggested limit to use. You can transfer credit from other cards onto the new one, most likely, to increase the amount of $$ you can invest. [/ QUOTE ] i'm pretty sure sublime isn't a moron, which means he doesn't have (high interest) credit card debt to transfer [/ QUOTE ] I'm not talking about the current ratio or the total of all his cards. |
#8
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Re: bank of america CC offer i recieved
[ QUOTE ]
1.9% APY on everything including cash advances till June of 08 this is free money and i should take this, no? i read the terms and don't see any catches(assuming no payments are late). that being said, i figured i would check before just getting another line of credit that i probably wont use. i can assume risks and would probably put this in the market over that time period. [/ QUOTE ] Make sure you look at fees associated with this. If you are doing a balance transfer some BofA accounts have terms such that there is a 3% fee with no ceiling on the amount. Others have a $75 max. For the past 6 months I have been charging everything I can to an AMEX blue with 12 months 0% interest on purchases. Free money is good. |
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