Now here is something interesting, I could transfer the entire balance back to the card every 6 months by doing a balance transfer to myself and paying a 3% fee. One of the options below is to put money on your bank account and manage it any way I want. Citi even offers next day direct deposit to my bank account. On a $3000 balance the cost would be $90 but 0 in finances charges for 6 months!
I can also transfer money from the PremierPass card to the Forward card for the same fee and enjoy 0% apr for 6 months.
Hopefully I don't have to do all this since my balance will be paid off but this is a great way to avoid paying close to $90 every month in finance charges.
HS
2 comments:
Nice to know you have one up on your credit card company, when they tell you they are upping their rates.
Just think of all those poor souls who have recieved the same notice but still have thousands to pay off. That could have been you - but your smarter than that!
Oooops! As I read my own post I realize I can't really reduce a 3k balance by taking out 3k! That would equal a 6k balance. I can however do this from one card to the other as long as the other card has a 0 balance...
HS
Post a Comment