Skip to main content
No. of Recommendations: 3
Sounds like a lot of details to keep track of... if you 'forget' to make two purchases a month with the card, how much will the interest on the BT portion increase?

And will they hit you with some sort of 'non-use' charge in months when no new transactions are recorded?

On the surface, this could save you a lot of money, but knowing how often, and how popular, Change of Terms updates are with credit card companies, it may be more trouble to you than it's worth.

If you do proceed, I would consider setting up some sort of automatic, recurring expense to be paid with this card. (Netflix membership, or something like that.) But unless you have a small-dollar, fixed monthly expense of that sort, it may cause you to spend money on something unnecessary, just to fulfill the terms of the card. And then you're incurring interest on the expense as well.

If the amount of your transfer were significantly smaller, I would consider it, but a balance that large will require diligent oversight on your part, to avoid the fees Discover will be ready to throw at you later if you slip up.

MadamHusker 1

~ Life is complicated enough already without the credit card companies' help. Whatever the companies giveth, they taketh away, with much enthusiasm and little notice.
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.
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.
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.