how w many of you transfer credit balances between cards?

[p1mpdogg]

I just transferred 50k in credit card balances to one card at 3.99% ccompared to 12.99%

Im happy for the day, take advantage of that shit, you save a ton!

[Peaches]

I only carry balances on 0% cards, but when I get an offer for one, I'll put everything on that card and pay the minimum until the 0% runs out

[StuartD]

I thought you always had millions in your pockets... why not just pay it off?

[p1mpdogg]

btw, call your credit card company and tell them you want a lower apr, I just got mine lowered from 12.99 to 7.99

[p1mpdogg]

Originally Posted by StuartD

I thought you always had millions in your pockets... why not just pay it off?

i have an incentive to have good credit so i can borrow against it for projects and still be liquid.

there are smart ways to use cards and very dumb ways. I dont mind having balances, I always pay well above the minimum due. Just a personal preference i guess

[p1mpdogg]

i should mention, this is only 1 card, i have 5 and all have 0 balances but 1, each card is good at certain times depending on the purchase and need

[p1mpdogg]

btw, the money i transferred was a 2nd mortgage/equity line of credit(visa) i took out 4 years ago, and I just moved it onto this card to close out the 2nd

[StuartD]

Originally Posted by p1mpdogg

i have an incentive to have good credit so i can borrow against it for projects and still be liquid.

there are smart ways to use cards and very dumb ways. I dont mind having balances, I always pay well above the minimum due. Just a personal preference i guess

Good answer, I was just buggin ya anyway.

I got screwed over while in college on a credit purchase. Made a huge blackspot on my credit report despite my fighting it and winning. It's a long story.
Anyway, the only resort I had was to get a credit rebuilding card and start at the bottom.. and using it, and having a balance, and paying it and using it and so on for a long time was the only way to get myself back to a point where anyone would give me anything.

At the time, I couldn't even get a cell phone because that black spot hurt so bad. But now I own a car, a house and more.

[Barefootsies]

Congrats sire.

[jimmy-3-way]

You losers, I pay cash for everything.

In fact, I pay in gold bricks for all my shit.

Paper money is for the poor.

[p1mpdogg]

Originally Posted by jimmy-3-way

You losers, I pay cash for everything.

In fact, I pay in gold bricks for all my shit.

Paper money is for the poor.

I actually pay an asian kid to follow me with a wheel barrel that is stocked full of silver and gold bars, I can buy a ton of smokes and milk with a gold bar!

the platinum bars i keep on my persons at all time, you never know when you'll need a paltinum bar

[Phoenix]

u try never to carry a balance

i usually pay it off the same day.

i use a credit card...wheni get home i login and pay it..lol

fuck them and their interest

[jimmy-3-way]

Originally Posted by p1mpdogg

I actually pay an asian kid to follow me with a wheel barrel that is stocked full of silver and gold bars, I can buy a ton of smokes and milk with a gold bar!

the platinum bars i keep on my persons at all time, you never know when you'll need a paltinum bar

Now that's baller.

The bitch of it is some fool trying to make some fucking change. Like I even care. Keep it, groundling.

[AgentCash]

Originally Posted by Phoenix

u try never to carry a balance

i usually pay it off the same day.

i use a credit card...wheni get home i login and pay it..lol

fuck them and their interest

Err... why not take advantage of the 25-30 day grace period and use their money interest free?

[p1mpdogg]

Originally Posted by jimmy-3-way

Now that's baller.

The bitch of it is some fool trying to make some fucking change. Like I even care. Keep it, groundling.

right? i dont get why people gotta make shit so hard. keep the change buddy, you need it!