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Chuck Jaffe: Rate Hikes Hit Credit Cards; Hit Them Back
I'm contemplating the following. Using a credit card offer for 12 month at 0%. The CC has a flat $35 transfer fee and would allow me to pay off a 3.5% personal loan one year early. Paying that loan off 12 months early would save me $525 in interest.
Just one way of managing short term debt in a low interest rate environment.
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I'm contemplating the following. Using a credit card offer for 12 month at 0%. The CC has a flat $35 transfer fee and would allow me to pay off a 3.5% personal loan one year early. Paying that loan off 12 months early would save me $525 in interest.
Just one way of managing short term debt in a low interest rate environment.