Originally Posted by Happy

Plus you still need to make minimum payment each month.

Plus you should not charge anything on the card that carries balance for any charge would immediately incur finance charge.

This may not be clear to most folks - your charges ACCRUE interest at the moment you make it. However such accrual would not be billed IF you pay your statement balance in full by the due date. The Accrual would then be waived. Else, the interest calculation is from the time you charged, not from the statement close nor the due date. You essentially lose the grace period on all your charges. Congress has done away the double-cycle billing of finance charge, otherwise it would be even worse.

In essence you already get an interest-free "loan" in the form of your charges if you pay off the bill in full by due date. Just that the duration of the "interest free" period is from the purchase date to the due date only.

Plus it most likely not a 0 fee balance transfer. If you are lucky it may be a 3% or below fee. Totally defeat the purpose of the 0% interest.