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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Playing the switching game Date:  11/20/2000  9:54 PM
Author:  Crosenfield Number:  49776 of 312159

To switch just as the introductory rate is expiring is perfectly fine.
If there is a 2-tiered rate, with balance transfers at the low rate and new purchases at a higher rate, all your payments go to the low rate until paid off, while the higher rate amount continues to accrue interest. So if you have low rate for transfers do NOT charge anything on the card. Not ANYTHING!
You should be able to switch a couple times before the card companies realize how you are playing the game and quit sending offers.
Best wishes, Chris
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