“Good” Credit Card Debt – How-To Play the 0% APR Game, Part 1

Posted on January 26, 2005 // 24 Comments
This post is old, please see my updated guide on
How To Make Money From 0% APR Balance Transfers

I have credit card debt. A lot of it, actually – over $23,000 of it right now. But I’m not worried, because a) I have the cash to pay it off and b) It’s in no fee 0% APR balance transfers, so my debt is not growing. In fact, I am making money off of it because I am storing my money in an interest bearing account.

Before I go any further, I need to write this:

Do NOT do this without first reading and understanding all of the conditions of the credit card agreement and all of the potential pitfalls. I will try my best to describe them, but I may not remember them all or correctly convey their importance. Getting in debt is very easy and getting out is not. Credit cards lend you cheap money because they are counting on you to spend it.

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Filed Under: Credit Cards //
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