As I have chronicled in the past, my partner T. loves to play the credit card game of 0% interest offers. She has such great credit that the companies just can’t keep themselves from offering her massive loan limits, $27,000, at 0% interest for 9 or even 15 months. Actually, it is more likely that their computer setup reads her payment history (perfect) and her credit score (780) and automatically generates those cute little check offers so that she can take advantage of this great opportunity to go into debt. T., on the other hand, doesn’t go into debt. She takes the offer and parks the money in a CD at 5.2%, pays her monthly minimum, and collects the difference as another way to add to her income stream. Last year, she made an additional $2500.
Credit card gambles