Almost Free Money from 0% Balance Transfers
Posted by Cap in Credit Related |Who says 0% balance transfer doesn’t pay?
The above picture shows the interest earned through the past year on the ING Direct account, 98% of which are accumulated via 0% credit card balance transfers—and that’s not including other interest earned from Emigrant Direct and HSBC Direct.
Not too shabby.
If you’re interested in learning more about how to take advantage of these offers, check out the links below. There are also obvious risk involve when taking advantage of these offers, so make sure you figure out all the details before diving in.
Related Links
One Comment to “Almost Free Money from 0% Balance Transfers”
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December 12th, 2006 at 11:55 am
It seems like more and more people are taking advantage of high interest bank accounts by using 0% credit cards to finance them. It’s a great scheme– and it’s FREE MONEY!
But most people aren’t aware, don’t want the hassle– or don’t have the financial savvy to figure it out. I guess that’s a good thing because if everybody was doing it– 0% credit cards would disappear, or credit card companies (and banks) would find ways to stop this practice.