0% Interest Credit Card Offers May be a Thing of the Past
Although not entirely travel related, I read an article this weekend indicating that the new credit card rules due to go in effect in the future will take away the incentive for the credit card companies to offer 0% balance transfer offers.
I have used those offers for profit in the past by drawing on my credit card balance transfer availability, putting the money in a safe and secure savings account and just making the minimum payments until the 0% expired. Then I’d pay it off. Seems those days are done.
You might still find an offer through the creditcards .com ad in the right hand column. Just navigate to the 0% offers. The key issues are the balance transfer fee (we are looking for a cap)
and a term long enough to recoup the fee and leave a little left over for ourselves.
Of course, it you are less than perfectly disciplined, stay away from this play. The card must be used for the balance transfer only. If you need any help, let me know.
Guinness Book of World Records Poker Tournament
As I’m typing away this Sunday evening I’m playing in the largest poker tournament ever played. 35,000 of us started in this game at 3:30 Eastern time. At present, I’m in 7,159 place out of 25,039 remaining players holding an Ace Queen and just called a raise. Folded and now have the average number of chips. How is it possible that a company in a storefront somewhere in Canada can keep track of 35,000 players from all over the world and the airlines and hotel programs we deal with take 10 to 12 weeks to process our promotion earnings?
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95