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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.
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