Originally Posted by northwoods
remember the thread where the poster siad he used the c.card's checks enclosed to write a check to himself and put it in savings? They were 0 % checks? I can't find it (and would like to )...following up on that idea, would it work if a check is 1.99% and your savings was 4.5%ish and there was no transaction fee?
I know it would be less interest for me but still a profit right?
You would still earn a profit. You're probably aware that if you're delayed with a payment, the rate jumps up.
I have done what you're suggesting many times; it works well. I also pay the card early to avoid any traps they set (payment date a Saturday, etc.) I also pay off the balance promptly when the offer expires.
There still lots of 0% offers floating around, though I have noticed that I can't borrow as much money as I was once able to do.