I have an offer from Chase (MR Visa) for 12 month zero 1.9% balance transfer with a $99 max transfer fee. I have a rather high credit limit and was about to toss the offer then I thought -mmmm with my new ING savings account at 4.6% APR I could forgo the extra points for a year (5 points at Marriott and 2 points for rest, airline and car rental) and would net about $700 on this little deal after (inlcuding the tax guy's share).

I would charge everything to my Starwood Amex so really the net loss in points would be reduced. I look at my travels for the past year and my Marriott, airfare, car rental and restuarant charges netted me roughly 65-70k points. Same charges this year if I charge everything to the SPG Amex would be about 15k - plus I would end up staying more at Sheratons as the hotel police at work have a deal with Sheraton for two of the major cities I travel to.

I have no major purchases in the forseeable future - i.e.I am not about to buy a house or a car. My credit can overcome a small temporary hit (actually from what I had read and the credit simulator on myfico.com - I will still have "good credit"). I am not worried about making the payment as I would set up automatic payment for the minimum directly from the account where the funds are held.

I am tempted to do it, but most likely wont (what if bells are ringing too loudly) - but was curious to know how many here would do something like this.