You have at least one credit card, right? How much interest do you pay on revolving balances? Would you like to know how to never pay interest again, or even earn money for using a card? If you answered yes to these questions, then you might be looking to be the next credit card tart. "What is a credit cart tart?" you ask? Well, it's someone who does exactly what I just mentioned. "How?" would be your next question, right? There are tons of banks that offer introductory rates of 0% interest on purchases or balance transfers for the first six to twelve months. What a tart does is apply for these offers, but only to transfer the balance to another similar deal before any interest is due. The easiest way to find the best deals is on the internet. You can type in 0% APR on a search engine and find literally millions of options to start the cycle. Choose one that is likely to accept you. If you are in college, you can apply for a student credit card, which will more readily accept you just because you are a student. Would you like to know how to make an even better deal? Search for cards that have point systems, dividends, or sky miles. Not only will you pay no interest, but you will earn money back on your purchases without putting out extra money for interest fees. Just think of it, they are paying you to use the card! "Is all of this legal?" you might ask. Well, I am happy to tell you, that yes, it is 100% legal, and it's beginning to catch on. (I must admit that I have done it a few times myself). If you have ever had to deal with ridiculous fees because of a high interest rate on your revolving balance, you have got to try and revolve on a few 0% introductory rates. You can call it revenge if you want, but really it's nothing more than flexing the freedom to change credit cards and transfer balances. You can get as many cards as will accept you, and when you are done, your have every right to cancel and change cards, just like the bank has every right to charge interest if you don't. Now be careful. If you don't have outstanding debt, you should look for a card that offers 0% on purchases, not balance transfers. It's probably a good idea not to spend more than you have to begin with, because that how you get into overwhelming debt. If you do have outstanding debt, make sure that you find a card that is applying the 0% offer to balance transfers. Keep in mind that the credit card company may not give you a high enough limit to transfer all of your debt, but some without interest is better than having interest on all of your owed money. Another thing to look out for is the credit protector fee. They will charge an amount based on your balance every month. It's not interest, but it is a fee that they try to trick into paying. Well, that's enough to get you started, if you're looking to escape unfair interest charges. Use discretion, and be a smart tart! |
