Comments on: How Banks Use 0% Balance Transfer To Trap You http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/ The Miscellaneous Ramblings of a Dot Com Mogul Mon, 01 Dec 2008 18:52:59 +0000 http://wordpress.org/?v=2.6.5 By: Benjamin http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-42205 Benjamin Tue, 20 Feb 2007 22:32:24 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-42205 Hello, do you know some credit card in Canada who offer those low interest ? Also, do you have link for those.... because i would like to apply In USA...http://www.creditcards.com Hello, do you know some Credit Card in Canada who offer those low interest ? Also, do you have link for those…. because i would like to apply

In USA…http://www.creditcards.com

]]> By: My Satellite Tracking Blog http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-34038 My Satellite Tracking Blog Wed, 07 Feb 2007 06:32:31 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-34038 [...] Please also beware the traps the credit cards companies have already set-up for you as described by John Chow here: The purpose of this post is to show how banks use these 0% balance transfer promotions to put [...] [...] Please also beware the traps the Credit Cards companies have already set-up for you as described by John Chow here: The purpose of this post is to show how banks use these 0% balance transfer promotions to put [...]

]]> By: Kenric http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-19821 Kenric Tue, 02 Jan 2007 23:56:01 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-19821 I read an article about using low finance credit cards to finance real estate. It basically shows that by using proper math and calculations and understanding the fees you can use these to your advantage. I wrote about it on my blog here: http://www.livelearninvest.com/2006/12/28/financing-a-property-using-a-credit-card/ but the original article is posted on Iboughtaduplex.com at: http://www.iboughtaduplex.com/financial/do-it-yourself-refinancing.php I read an article about using low finance Credit Cards to finance real estate. It basically shows that by using proper math and calculations and understanding the fees you can use these to your advantage.

I wrote about it on my blog here:

http://www.livelearninvest.com/2006/12/28/financing-a-property-using-a-credit-card/

but the original article is posted on Iboughtaduplex.com at:

http://www.iboughtaduplex.com/financial/do-it-yourself-refinancing.php

]]> By: martinezg http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9483 martinezg Sun, 26 Nov 2006 18:30:56 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9483 John, This is the material that I like to see from you , its the material that drew me to your site;you have a way of writing that is informative and easy to comprehend not many people have that talent or may not have fully harvested yet. Getting banned from digg is the best thing for you because it's not the audience you should be targeting; while it was a good start to get on digg now its time to think bigger and aim for a larger audience that can benefit from your experience and that audience is the financial wisdom seekers like me. I say you have a poll and ask the reader what they want you to write about and I bet it will be financial literacy. Now that you are banned from digg its time to get back to writing good informative material; material that is not designed for people that have a 15 second focus span! John,
This is the material that I like to see from you , its the material that drew me to your site;you have a way of writing that is informative and easy to comprehend not many people have that talent or may not have fully harvested yet. Getting banned from digg is the best thing for you because it’s not the audience you should be targeting; while it was a good start to get on digg now its time to think bigger and aim for a larger audience that can benefit from your experience and that audience is the financial wisdom seekers like me. I say you have a poll and ask the reader what they want you to write about and I bet it will be financial literacy. Now that you are banned from digg its time to get back to writing good informative material; material that is not designed for people that have a 15 second focus span!

]]> By: StingyFinance http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9452 StingyFinance Sun, 26 Nov 2006 12:53:28 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9452 Oops, sorry, I didn't read your first post before commenting. :) So your strategy is to pay off your balance on your other VISA, and use the cash that you would have used to invest/put in savings account. Clever. Make sure to read the fine print as to when the interest rate jumps back to 19%, they usually get people with that. Joe Oops, sorry, I didn’t read your first post before commenting. :) So your strategy is to pay off your balance on your other VISA, and use the cash that you would have used to invest/put in savings account. Clever. Make sure to read the fine print as to when the interest rate jumps back to 19%, they usually get people with that.

Joe

]]> By: StingyFinance http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9451 StingyFinance Sun, 26 Nov 2006 12:46:57 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9451 John, are these 0% balance transfer credit cards available in Canada? If so, is it possible to take the offer and withdraw CASH so that you can invest it? Joe http://www.StingyFinance.com John, are these 0% balance transfer Credit Cards available in Canada? If so, is it possible to take the offer and withdraw CASH so that you can invest it?

Joe
http://www.StingyFinance.com

]]> By: Credit Card Victim » Blog Archive » O% Credit Card Offers Are A Trap http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9447 Credit Card Victim » Blog Archive » O% Credit Card Offers Are A Trap Sun, 26 Nov 2006 11:23:17 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9447 [...] Read The Article Here   [link] [...] [...] Read The Article Here   [link] [...]

]]> By: Jerry http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9443 Jerry Sun, 26 Nov 2006 11:07:14 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9443 I did this last year. I transferred $8,000 to a new credit card for 0% interest for 6 months. But get this, I didn't have $8,000 in the old card I transferred from. It was more like $1,000. This meant that essentially I had $7,000 interest free cash! I never used the 'new' card at all and I closed the card when the 6 months was up. To sum it up, free credit rocks! I did this last year. I transferred $8,000 to a new Credit Card for 0% interest for 6 months. But get this, I didn’t have $8,000 in the old card I transferred from. It was more like $1,000. This meant that essentially I had $7,000 interest free cash! I never used the ‘new’ card at all and I closed the card when the 6 months was up.

To sum it up, free credit rocks!

]]> By: John Chow http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9441 John Chow Sun, 26 Nov 2006 10:55:48 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9441 Those banks are actually pretty smart. It's the consumers who falls into the bank's trap that are stupid. Those banks are actually pretty smart. It’s the consumers who falls into the bank’s trap that are stupid.

]]> By: Nomar http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9437 Nomar Sun, 26 Nov 2006 10:47:50 +0000 http://www.johnchow.com/how-banks-use-0-balance-transfer-to-trap-you/#comment-9437 Good Article, Interesting to read, those banks are not stupid!! Good Article, Interesting to read, those banks are not stupid!!

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