Comments on: How to Effectively Use 0% Balance Transfer Credit Cards

By: Carnival of Pecuniary Delights No. 24: Friends Edition | Pecuniarities

Carnival of Pecuniary Delights No. 24: Friends Edition | Pecuniarities — Thu, 17 Sep 2009 13:03:35 +0000

[...] PT Money presents 0% Balance Transfer Credit Cards: Using them Effectively. [...]

By: Debt Reduction Tips - Carnival of Debt Reduction

Debt Reduction Tips - Carnival of Debt Reduction — Sat, 12 Sep 2009 06:43:55 +0000

[...] 0% Balance Transfer credit cards effectively. PT Money recommends using 0% Balance Transfer cards effectively to more quickly reduce your debt. Here is a list of top 0% Balance Transfer credit cards to help [...]

By: High Limit Credit Cards To Transfer Balances

High Limit Credit Cards To Transfer Balances — Thu, 10 Sep 2009 17:40:17 +0000

[...] 0% Balance Transfer Credit Cards: How to Use Them Effectively… [...]

By: Adam

Adam — Thu, 10 Sep 2009 03:43:11 +0000

This really is a fascinating post. However, I would not give the advice that you have concerning credit card arbitrage. Investment strategies that involve debt (e.g. trading on margin, credit card arbitrage, borrowing money) is very risky and the average investor doesn’t have a reason to engage in that level of risk. Trained investors who do it for a living is another matter. But the Average Joe should stay away. As per the debt consolidation and lower interest rate, I agree.

By: Credit Guru

Credit Guru — Tue, 08 Sep 2009 04:09:50 +0000

Excellent post. I also no longer need credit cards in my life, but I WANT them. Why? Rewards! I pay my balance in full each month, accrue no finance charges, and I get a $250 best buy card in the mail every few months (reward of my choice, I’m a tech junkie). So essentially I’m able to spend a free $250 just by using my credit card instead of my debit card for purchases. Pretty sweet deal I’d say!

By: Nicole

Nicole — Mon, 07 Sep 2009 20:04:31 +0000

I have used balance transfers several times. I haven’t always been smart about them in the past, and the time period would run out with balances still on the cards…and back up went the rate. Currently, I have a zero percent transfer on two cards that run out in January, and a 1.9% transfer that runs out next June. I am aggressively trying to pay down my debt, and am trying to use transfer offers as a tool.

By: Home Finance Tip Blog » Emily’s list: Newspaper carrier edition

Home Finance Tip Blog » Emily’s list: Newspaper carrier edition — Sun, 06 Sep 2009 01:08:34 +0000

[...] 4. Prime Time Money explains the ins and outs of effectively using 0 proportionality balance designate assign cards. [...]

By: Saturday Staples: Lending Club $2,500 Prize : Yielding Wealth - Personal Finance Tips – Money Management Advice

Sat, 05 Sep 2009 15:32:53 +0000

[...] Prime Time Money (A great post on how to work your 0% balance transfer) [...]

By: PT Money

PT Money — Wed, 02 Sep 2009 19:26:11 +0000

Thanks for sharing, Matt. I intend to learn more about the micro-lending services soon. Seems like a good tool to use in certain situations.

By: Matt Jabs

Matt Jabs — Wed, 02 Sep 2009 19:03:29 +0000

Great write up PT. Instead of going this route I chose to go with Lending Club.

I was doing a consolidation of high interest debt, so the 0% CC balance transfer game was not my best option.

FWIW, I have been very satisfied w/my Lending Club experience.