-=> Quoting Carol Shenkenberger to Dale Shipp on 01-11-19  08:17 <=-

 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.

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

I have an offer pending that I'm considering taking advantage of, moving
a balance from a card that is raising its interest rate significantly...
I'm planning to keep that card open, but just use it for things I can
pay off totally each month from now on...   If I continue to pay the
same monthly on the second card as I was on the first, there should be
no problem in getting the whole principle paid off in the time frame of
the 0% interest offer.... The transfer fee is only 4% of the balance, so
that's not too bad a deal....  :)

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

Exactly...  :)   ALthough, this particular card states that the minimum
payment would go to the 0% interest balance, and anything above the
minimum will go to the higher interest balance, so that's not too shabby
a deal... One still would have to be pretty disciplined with it,
though... :)

ttyl       neb

... I'd love to own a candy factory.  I'd make a mint!

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