<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by freakflyer:
Just be careful with these offers. A WSJ article last year (and covered extensively here) mentioned that most card companies require that you pay off the lowest interest charges first, and then go to the higher interest charges. THe claim was that you could only utilize the low rates if you do not put a single other purchase on the card. Not sure if it is true with this offer, but it was true with another Citi offer that I received last year.
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That is absolutely true with this offer. Great rate, no miles on the transfer, so in order to use the check I would have to put a halt to about 100 transactions/month on this card.
BearX220: That was the same with me, last year. About once a month, I'd get a 4.9% or a 6.9% set of checks. Those went straight into the shredder without a second thought. But the 2.9%...I did a double-take. I could get bullish and dump my whole credit limit into an investment portfolio. I can stay relatively risk-averse and beat 2.9% after-tax soundly. Or I could stay bearish and just dump the rest of my car loan (a 5.1% bank loan) onto the Mastercard. Or I could do nothing and keep earning AA miles...
Choices, choices...
