Re: Re: ER And Money
  By: Dale Shipp to Joe Mackey on Tue Jan 08 2019 12:26 am

 DS> AE made their money by charging the vendor a percentage of what was
 DS> charged. Other credit card companies do the same, but AE charges more.
 DS> Visa & Mastercard would love for people to pay the minimum each time so
 DS> that they could rake in the interest fees. They don't get any such
 DS> fees from me.

I do the occasional balance transfer for 0% for 12 months to a chase card but I
make sure to set a payoff schedule for 11 months.  Balance transfers for 'free'
always charge an upfront fee that works out to about 5% but if paid off in the
time frame, thats it.  Rates after that timeframe are quite high.

Be sure to do it to a card with no balance and don't use that card at all for
anything else.

  xxcarol
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