Love to have some feedback on cc decision?


Question:
I am just hoping I did a good thing. I increased my line of credit to 10,000 then wrote myself a check for 0% interest for 6 months. It will cost $75 and I will put it in Eloan. I was also wandering if anyone has 5% cash back cc. I just bought a home depot card and some stamps at the supermarket because I get 5% back there. I was hoping because I got them at the grocery store I would still get the 5% that I would not have got at the store.

Answer:
Sounds like a money maker to me. Assuming you can get 5% interest at Eloan you will make about $250 before taxes and have to pay $75 in interest. Just make sure you don't use the card while you are carrying the 0% BT offer.

A lot of the 5% cash back at grocery store credit cards have disappeared, Chase may still have one. Check out http://www.app-o-rama.com for some good card offers.
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