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We use a single business credit card and pay off the average $15K monthly balance in full every single month. We also have several other unused cards with a $0 balance.

We are now faced with a situation where we are about to open another business as well as needing to pay for unforeseen medical expenses.

We were recently offered a promotional balance transfer with 0% APR until 01/2010 and no transaction fee. Essentially free money for 15 months. Problem is that we have no outstanding balances to pay off (probably why we were offered that promotion).

So my question is - can we "pay off" another card that has no outstanding balance? Say $20,000. We can then use this card as our primary card and since it has been "overpaid" and will have excess cash in it, we will not need to make any payments from cash flow and accrue any fees. In other words, will a prepayment on our credit card account work?

Any ideas?

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