Request For Questions About 0% Balance Transfers

I have been doing 0% balance transfers for a while now, but my original three-part series (Part 1, Part 2, Part 3) about how to do them is getting a bit dated. I have also made several follow-up posts to it (like how to get a check directly and tips to manage payments), but they are hard to find for newer readers. Finally, many answers to common questions are buried in the comments.

In addition, right now is a great time do this activity as the difference between what you’re borrowing at (0%) and what you are earning in interest (over 5%) is the biggest that I can remember. For every $20k you borrow, you can earn $1,000 of interest in a year.

Therefore, I plan on rewriting everything completely over this weekend to include all of the information in one central area, and also answer questions and comments that I have gotten since. This way, people can have more information to decide for themselves if they want to play this ‘game’, as it is not for everyone.

So if you have a question about this process, please don’t be shy, and leave your question below as a comment. I won’t even show them, only I will see them. So don’t worry about leaving a “stupid” question. I want to know everything, because sometimes after doing things for so long you forget that some things aren’t clear for everyone else. For example, the difference between a cash advance and a balance transfer very apparent to me, but most likely isn’t so clear to someone who’s never done either one. I can’t guarantee I know the answer, but I’ll try my best.