Soldato
None of mine are, unless you consider a deferred debit card some type of credit.
Typically moving money to a balance transfer card isn’t free though, normally they charge a fixed % of the balance for the pleasure of doing so. I’ve seen more 0%/0% offers recently but I can’t see that lasting if rates go up.
I'm not sure if you are deliberately missing the point on this one, but it is quite simple:
1. Have cash
2. Buy thing on 0% purchase card
3. Put cash in savings
4. When 0% purchase period ends, either
4a. Cover CC bill with amount in savings
4b. BT to another card
If the answer is 4b then:
5a. Find a BT card with a cashback offer to cover the % charge
5b. Do the maths on whether the interest on savings is offsetting the credit card charge
It is absolutely no different to spanking a rewards credit card, other than you need a bit of a "longer term" view of value. Making 1% now or making (depending on the purchase price) several more percentage is a no brainer.
As you rightly said though, the free cash flow is helpful if disciplined in not drawing down on it and not paying it back.
It is what rich people use to gain more wealth and exploit opportunities (that need quick liquidity) whilst poor people use coins and bank notes to stick it to the man and their mission to control our lives.Credit? Isn't that what poor people that lived in slums in Glasgow in the 70s used to buy alcohol?
I no longer own a credit card.
Those of you who use it for the extra protection online... Have you ever needed it?
If I have misgivings about a online purchase I'll use PayPal but mostly use a debit card.
I purchased an in-person course over the phone