No. of Recommendations: 0
Hello fools!!!

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.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.