No. of Recommendations: 2
"when you buy something during a promotion like no interest until january 2001 can you transfer that balance to a "regular" credit card before then and not pay any penalties?"

Bruce replied: That depends on the agreement you've signed. There's really no answer BUT the fine print.

Concur with Bruce. I have done something similar to what you were suggesting with a computer purchase (paid a monthly set amount interest free for the six months and then lump summed the final payment on card to gain another month). In my case, the credit card "paid off" the balance, and it was like any other payment as far as they were concerned. However, not all deferred or 'same as cash' plans are alike, so reading the fine print is the best course of action.

Kaigun Chusa
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.