No. of Recommendations: 0
Read the fine print - it will probally say that the CC company can change the rate at will. If not, let me know the details and I may just take advantage of this offer myself.

That is always a danger and if it happens, I'll just send my balance (if I still have one) somewhere else. It's not more or less a risk just because I used the convenience checks. The 10% APR on the card I moved it from could have gone to 20% next week. Who knows? I can't spend my life worrying about the "what-ifs" in this case. If, for no good reason, rates go up, I start looking elsewhere. I've done it before and can do it again.

I have no intention of trying to keep this debt for eternity. I am working to pay it off. It's just that now I have 2/3rds of it at 4.9%, I'll be working to first pay the other 1/3rd that is at a higher rate. And even though my school loans are at a higher rate than 4.9% (between 6% and 7%), I'll probably pay this debt off first because, for some reason, I trust the U.S. Department of Education more than I trust a CCC.

Still, thanks for the warning. Of course, nothing in life, especially my credit card rates, is guarenteed. For the meantime, however, I'll take advantage of what I've got.

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