The Motley Fool Discussion Boards
Personal Finances / Credit Cards and Consumer Debt
|Subject: Playing the switching game||Date: 11/20/2000 7:21 PM|
|Author: RattlersFool||Number: 49772 of 310986|
Last time I was on this board, I came to announce I had paid my balance off.
Now I'm in a situation where I have no choice but to get new card with a higher balance. (I need like $6,000, long story)
Please believe this is the last thing I want to do, but I have a question. What are the pros and cons to getting a cc and when the intro rate is about to be up, switching to another card with the same low rate. And do it over until I pay my balance off?
Because I have good credit (thank God) I get all these offers for intro rates for like 6 months or so. Usually they are like 2.9 and afterward they go to like 16.
I'm sure this question has been asked on this board so please forgive me for not reading previous messages. I did attempt a search but I didn't see any specific examples.
Can anyone out there share their thoughts?
Thanks in advance.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|