Originally Posted by
psyflyer
To begin with there is no real cash return(BEY or IRR) bcs if you put the money which you would have applied towards a bill into a savings account your effectively cutting off your opportunity cost (lifestyle + time = money).
How about the improved lifestyle achieved by having more money, courtesy of the banking industry paying interest on a free loan?
Originally Posted by
psyflyer
OTH if you make the minimum payment, then this might be worth some of your money but than again you have entirely different issues.
What issues, other than the math that determines if the money
after taxes earned in interest on the bank's money via a free loan exceeds the fee? (I'm not sure I want to fight the IRS over whether or not the fee is a tax deductable expense.)