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Thanks for all the great help! Here's my situation. My husband received a ATT card 0% transfer rate for 1 year. I was planning on paying of my Citibank (currently at 11%) ...but after reading the fine print I realize I CAN'T use ATT to pay CITIBANK....
Soooooo Should I transfer the CITIBANK to DISCOVER ...just for a week or two and then use the ATT to pay off DISCOVER??

Will ATT get wise to my devious ways?



I've done things like this. And yes, go ahead move the debt to Discover for a week, then use the ATT to pay the Discover. It's one very effective way of reducing the interest. Would they catch on? probably not. I am under the impression that credit card companies who play the 'balence transfer' interest rate game count on the fact that many people don't have enough credit avaliable on another card to move the debt.

Besides.. it's just makes financial sense to go with the better offer. I'm to the point where I look for anything below 10% APR for the life of the balence. The short term teasers often end up in the shreddar. I've become very selective in the offers I choose.. consequently.. I've been getting better and better offers.

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