- Centurion Member
- Posts: 1145
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
I shudder to think of the interest this person wastes on credit cards in a typical month, given that they're planning to stretch out several BTs over a year. Maybe they got in an unfortunate situation of having no choice but to run up a lot in credit card balances and they're taking advantage of what options are available...it's probably better than being in the habit of carrying balances. Sure, there's no fee on this one (but those options will run out fast) and the interest is low by comparison, but it doesn't address the root problem of spending more than you earn.
At the very least if I had to use BTs to help me tackle debt, I'd use the terms offered to my full advantage and not care as much about how much these big banks "like" me. The truth of the matter is if you don't do anything too risky (like start missing payment), you'll never even show up on their radar.
EX - 804 (10/16) | TU - 803 (10/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now