Transfer balances?

My husband returned from Iraq with a $9,000 balance on one of his USAA (military) credit cards. We paid off $3,000. We%26#039;re constantly recieving credit card%26#039;s in the mail, offering us 0% APR for up to 12 months. My mother has suggested we transfer our current balance from the USAA credit card to one of the 0% APR credit cards. This way we pay off as much as we can till the 0% is over in those 12 months, at least we won%26#039;t be paying interest. However, as soon as the 12 months are over, cancel that card and do it with another one. Is this how it works? Is this even possible?

Transfer balances?heart rate monitor

It %26quot;might%26quot; be a good idea, only if pay it all off within the intro period and have it on one card only. Too many open-and-closed accounts within a short period of time, as well as frequent transfer balances, adversely effect your credit rating. However, those %26quot;pre-approved%26quot; offers are not exactly what they seem. You%26#039;ll get the 0% interest, but unless you have excellent credit history, you won%26#039;t get the $9000 credit-line you%26#039;ll be asking for. You%26#039;ll most likely get something much smaller. If you decide to do it: apply by phone. That way, you will know immediately if they%26#039;ll give you the $9000 credit-line, or something close to it. If they won%26#039;t...don%26#039;t open one.

Transfer balances? loanNo problem! The only reason I know this is because I learnt the hard way. Good luck! Report It

|||Possible, but read all the fine print.

My husband did that with a card and if you made any new purchases with the card, that rate was extrememly high and the payments kept going to pay off the 0% portion so the interest charges kept getting higher on the new purchases.

Also, some of them hope you forget and then charge back interest if you don%26#039;t have the full balance paid off in the 12 months.

Sometimes it can look bad on your credit rating if you play the balance transfer game too much.|||Yes, many people do it. Play them at their own game. They have no hesitation in exploiting you.