Credit card companies are not altruistic in any way. I carry a balance with 0% interest. They sent me checks to buy items or to transfer other balances at 3.99%. On the surface this seems like a good deal but then I read a contract they provided. It states any payments received will be applied to the balance with the lowest interest rate first, after that is paid off, then the next highest interest rate has the payment applied. Whatever balance you have at 3.99% keeps getting larger with time because the interest is added each month. This will add up quickly to the credit company's favor. So be aware.
Be the first to post feedback! Click here to post feedback.
Post Feedback:
Login using the form on the top of the page to post feedback if you have registered with ThriftyFun. If you have not yet registered, click here. It's FREE!. If you are not registered you can post feedback as a guest below. Please don't use your email address for your name because spam robots can dredge it from our site. Please do not post your feedback more than ONCE. We need to approve all guest feedback and it may take from minutes to hours for that to happen.
