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Old 10-27-2005, 11:15 AM   #1 (permalink)
denim
Banned
 
Location: Massachusetts, USA
Fun with Plastic

Last year, I was getting offers hand-over-fist for cards with 0% intro rates. I took one from Citibank, which was to expire this month. I paid it off last month.

So they made me a new offer for another of the same card, same basic offer. Fine. It just so happened that I had a new $3000 balance on my regular card from an overseas trip, so I transferred that over to the new card.

As far as I can tell, they're betting I'll do one or both of (1) fail to make payments on time, causing them to jack up their rate, and/or (2) use the card, especially use-the-card-after-I'm-done-paying-it-off. I never used the first card other than to pay off the initial transferred-in balance. Now I'm doing the same on the new card. Got it down $500 the first month.

Note that I'm betting on (3): not only will I not use their card, but that if (1) happens, I immediately transfer the remaining balance back to the original card. They can't win this one.

Am I missing something, or are they just ignoring the fact that I won't use their cards? They keep talking about some kind of Reward Points, which I don't care about since I won't use the cards.
denim is offline  
 

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