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?
IHG® Rewards Club Select Credit Card
- Annual Fee: $49 fee waived for the first year
- Foreign Fees: No
- Card Type: Hotel
The IHG Rewards Club Visa is often cited as one of the most underrated hotel credit cards, with good reason. The official offer is for 70,000 points after $1,000 spent within three months, with the first year’s fee waived. The card comes with an annual free night certificate that can be used at any IHG property, including Intercontinental hotels - making this certificate worth upwards of 50,000 points. This is far more generous than some other hotel cards, which limit the categories in which free night certificates can be redeemed.
Cardholders earn 5 points per dollar at IHG hotels; 2 points per dollar at gas stations, grocery stores, and restaurants; 1 point per dollar everywhere else. Moreover, you’ll get a 10% rebate on award redemptions, up to 100,000 points per year. The card also comes with Platinum status, though that doesn’t get you much with IHG. Still, this is a fantastic card to have in your wallet, with benefits that far outweigh the already low $49 annual fee.
- Earn 70,000 bonus points after you spend $1,000 in the first 3 months of account opening
- Enjoy a free night of card membership at over 4,700 hotels worldwide
- Earn 5 points for each $1 spent at our hotels
- Earn 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants
- Bonus points redeemable at hotels such as Intercontinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®
- Automatic platinum elite status, as long as you remain a cardmember
- $0 introductory annual fee the first year, then $49