UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: ttm Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310999  
Subject: Re: Air mile cards Date: 6/27/1997 2:20 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
re: charging your rent on your Credit card: I would tend to doubt that your landlord would accept the 2-3% hit on his rent.

I look for the following: Sometimes card cos. will send out those "convenience" checks. You must be careful, because most carry the 2% cash advance fee. Clarify with your issuer. Slightly less often, these no-fee cash advances have a great interest rate, like 5.9%-6.9%. But some do not. Inevitably, there is a 2-3-4-5-6 month time limit on the bonus interest rate. And what's more, any purchses you make over and above the advance are charged at the regular 16% rate. But you snap these up like a frog eating a a gnat, pay off your 16 percenters, and retire your CC debts s with haste. A nice trick. I retired a business credit line this way and avoided a considerable pile of interest. (I was willing to incur interest in order to develop my biz credit line)
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.