A friend bought a new car and used his credit card.
It was giving 2% cash back on "all purchases"
The car cost just over 18,000 GBP so his cashback earned was a worthwhile
360 GBP
He then transferred the debt to a second card that was on an introductory
offer of 0% for 6 months, and after that to a third card also on a 0%
introductory rate.
After a year he cleared that card transferring to a conventional low
interest loan.
It isn't difficult to manage these cards to your advantage.
Guy
----- Original Message -----
From <Ankitterer at aol.com>
To: <spridgets@Autox.Team.Net>
Sent: Sunday, October 10, 2004 4:47 AM
Subject: Financing, some LBC
> In a message dated 10/9/04 10:51:27 AM, PilotRob@webtv.net writes:
>
>
> > First they hook you, then they raise
> > their prices. Exactly what the banks
> > did with their "plastic" cards.
> >
> >
>
> You don't have to pay for the plastic cards. If you just refuse to pay
an
> annual fee, let the interest rate get as high as they make it, and pay the
> entire balance off at least a week before it is due or on the day you
receive it,
> you in effect get a free card. As far as I'm concerned, this is as it
should
> be.
Check out the new British Cars Forum:
http://www.team.net/the-local/tiki-view_forum.php?forumId=8
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