Recently while talking to a Chase customer representative associate I came to know that I was eligible for a card at 0%, which would continue until January, 2012. So I was wondering why don’t I transfer the balances from two of my credit accounts into this 0% interest account and save some good numbers. Any insights would be appreciated! Thank you.

1 Answers
Votes: 
7 votes
+
Vote up!
-
Vote down!

I feel it would be January 2013/2014 as January 2012 is already past. Anyway, If it's either 2013 or 2014, are you confident enough of paying off all the debts by that time? What if the interest rate skyrocket and lands at somewhere around 20% once the introductory offer of 0% is over? So it is better to think twice before you conclude on any decision. Thank you.


Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

BBB-A--Rating